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 →