Area data
Palo alto, CA — ZIP 94304
Population: 5,000 (Census ACS)
The median home value in ZIP 94304 (Palo alto, CA) is $3.24M — up 3.2% over the past year. 1 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very High, with earthquake, inlandflooding, coastalflooding the top-rated hazards. Cost of living is 13.3% above the US average (BEA, metro/state-level).
$3.24M
Median home value
+3.2%
1-year change
Very High
Hazard risk (county)
Home values & appreciation
- Median home value
- $3.24M
- 1-year appreciation
- +3.2%
- 3-year appreciation
- +17.6%
- 5-year appreciation
- +28.7%
- 10-year appreciation
- +47.6%
- All-time peak (2026-01)
- $3.30M
- House Price Index (state)
- 417.4 (-0.8% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- For-sale inventory
- 3
- 1-year forecast
- +0.7%
Source: recent area sales and market data (ZIP-level)
Rents
- Studio fair-market rent
- $3,210/mo
- 1BR fair-market rent
- $3,650/mo
- 2BR fair-market rent
- $4,260/mo
- 3BR fair-market rent
- $5,630/mo
- 4BR fair-market rent
- $6,130/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (High)
- 113.3 (100 = US avg)
- Electricity rate (state-level)
- 32.5¢/kWh
- Natural gas rate (state-level)
- $22.00/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 1
- Elementary schools
- 0
- Middle schools
- 0
- High schools
- 0
- Schools include
- Packard Children's Hospital/Stanford
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Very High
- Top hazards (county)
- earthquake, inlandFlooding, coastalFlooding, drought, heatWave
- Notable hazard ratings (county)
- coastalFlooding: Relatively High · drought: Relatively High · earthquake: Very High · hail: Relatively Low · heatWave: Relatively High · inlandFlooding: Very High
- Wildfire risk to homes (county)
- Higher than 97% of US counties
- Buildings in wildfire direct-exposure zone
- 8.2%
- Radon potential (county)
- Moderate radon potential — EPA Zone 2 of 3
- EPA Superfund (NPL) sites within 5 mi
- 1
- Nearest Superfund site
- Hewlett-Packard (620-640 Page Mill Road) (3.9 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Average annual temperature
- 61.0°F
- Average high
- 78.0°F
- Average low
- 44.0°F
- Annual precipitation
- 45.1 in
- USDA plant hardiness zone
- 9b (extreme annual low 25 to 30°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 43
- Days with Good air quality
- 240
- Days with Moderate air quality
- 121
- Highest AQI recorded (year)
- 134
Source: EPA air quality data (nearest monitoring station, annual)
Amenities
- National parks within ~60 mi
- 10
- Nearest national park
- Eugene O'Neill National Historic Site (32 mi)
- National parks include
- Eugene O'Neill National Historic Site, San Francisco Maritime National Historical Park, Presidio of San Francisco
- Airports within 30 mi
- 13
- Nearest airport
- Palo Alto Airport (PAO) (7 mi)
- Nearest major airport
- Palo Alto Airport (PAO) (7 mi)
- Hospitals nearby (~15 mi)
- 2
- Hospitals include
- PALO ALTO VA MEDICAL CENTER, LUCILE SALTER PACKARD CHILDREN'S HSP AT STANFORD
- Avg hospital rating (CMS)
- 5.0 / 5
- Best hospital rating nearby (CMS)
- 5.0 / 5
- EV charging stations (within 10 mi)
- 105
- Solar radiation rating
- Good (5.1 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- -12,496 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,996
- Housing built before 1970
- 16.8%
- Housing built 2000 or later
- 45.2%
- Median annual property tax
- $10,001
- Mean commute to work
- 16 min
- Households with broadband internet
- 86.2%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 1,025,254
- Average weekly wage
- $3,486
- Top industries (by employment)
- Professional Services, Health Care, Information
- Annual residential building permits (county)
- 1,919
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 94304 | State median | US median | |
|---|---|---|---|
| Median home value | $3.24M | $702,573 | $289,727 |
| Median annual property tax | $10,001 | $4,533 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in ZIP 94304?
- $3.24M.
- What is typical rent in ZIP 94304?
- 2-bedroom fair-market rent: $4,260/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
- What is the natural-hazard risk in ZIP 94304?
- Overall risk: Very High (FEMA NRI, county-level). Top hazards: earthquake, inlandFlooding, coastalFlooding, drought, heatWave.
- What is the wildfire risk in ZIP 94304?
- Risk to homes is higher than 97% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 94304?
- Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 94304?
- 1 current or proposed National Priorities List site within 5 miles (EPA). Nearest site: Hewlett-Packard (620-640 Page Mill Road), 3.9 mi.
- How many schools serve ZIP 94304?
- 1 schools (NCES, 2022-23).
- What is the air quality in ZIP 94304?
- Good. Median AQI: 43. (EPA AQI).
- What is the cost of living in ZIP 94304?
- Regional Price Parity: 113.3 (100 = US average) (High) (BEA RPP, metro/state-level).
Nearby ZIP codes
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →