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Area data

Palo alto, CA — ZIP 94304

Population: 5,000 (Census ACS)

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
417.4 (-0.8% YoY)

Market activity

1-year forecast
+0.7%

Rents

2-bedroom fair-market rent (HUD reference)
$4,260/mo
3BR fair-market rent
$5,630/mo

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%

Schools

Total schools
1
Elementary schools
0
Middle schools
0
High schools
0

Natural hazards & flood risk

Overall hazard risk
Very High
Top hazards
earthquake, inlandFlooding, coastalFlooding, drought, heatWave

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

Air quality

Air quality rating
Good
Median AQI (annual)
43
Days with Good air quality
240

Amenities

National parks within ~60 mi
10
Nearest national park
Eugene O'Neill National Historic Site (32 mi)
Nearest airport
Palo Alto Airport (PAO) (7 mi)
Nearest major airport
Palo Alto Airport (PAO) (7 mi)
Hospitals nearby (~15 mi)
2
Avg hospital rating
5.0 / 5
EV charging stations (within 10 mi)
105
Solar radiation rating
Good (5.1 kWh/m²/day)

Migration

Net migration
-12,496 tax filers

Housing stock

Median year housing built
1,996
Median annual property tax
$10,001
Mean commute to work
16 min
Households with broadband internet
86.2%

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

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents