The story of this market
The typical home in ZIP 94040 sells for about $2,823,896, or $1,190 per square foot.
Prices are up +5.4% from a year ago, so sellers still have some momentum. Homes take about 13 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $3,500 a month.
ZIP 94040 — Mountain View
The 94040 housing market remains highly competitive, characterized by low inventory and strong price appreciation driven by the local tech economy. Despite high interest rates, demand remains robust, with homes frequently selling above list price in a very short timeframe. The market is currently a seller's market with limited supply exerting upward pressure on values.
This ZIP is ideal for high-income tech professionals, families seeking top-tier schools, and commuters who prioritize proximity to Silicon Valley employment hubs.
Median prices moved up 5.4% year over year.
Homes spend a median of 13 days on market with 0.3 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 102% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 6.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 94040, Santa Clara County, CA
The area is served by highly-rated public schools within the Mountain View Whisman and Mountain View-Los Altos Union High School districts.
The region faces standard California wildfire and seismic risks, with insurance premiums trending upward due to broader state-level climate exposure.
The area is a major global technology hub, anchored by proximity to Google's headquarters and significant ongoing mixed-use development in the North Bayshore and downtown corridors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents benefit from proximity to US-101 and CA-85, with Caltrain service providing direct transit access to San Francisco and San Jose employment centers.
The ZIP features extensive access to the Stevens Creek Trail, Shoreline at Mountain View park, and the vibrant shopping and dining districts of downtown Mountain View.
The rental market is characterized by high demand and low vacancy rates, driven by the concentration of tech employees and limited new housing supply.
The economy is dominated by the technology sector, with Google (Alphabet) serving as the primary anchor employer and driving significant regional economic momentum.
The area is well-served by Caltrain, VTA light rail, and major highway corridors including US-101 and CA-85.
Development is heavily focused on transit-oriented, high-density residential projects near the downtown Caltrain station and North Bayshore.
The Santa Clara County Assessor manages property valuations, adhering to state-mandated assessment cycles and Proposition 13 limitations.
Parcels are subject to standard municipal taxes, school district levies, and Santa Clara Valley Water District assessments.
Property insurance availability is stable but subject to rising premiums due to statewide wildfire risk mitigation requirements.
Data retrieved from ZCTA-level census profiles and local market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- California's Great America4.46.4 mi
- Happy Hollow Park & Zoo4.512.9 mi
- Children's Discovery Museum of San Jose4.611.2 mi
- Dave & Buster's Milpitas - San Jose4.110.8 mi
- K1 Speed Santa Clara45.8 mi
- Levi's Stadium4.46.8 mi
- Filoli Historic House & Garden4.714 mi
- SAP Center4.610.6 mi
- Topgolf4.27.3 mi
- Winchester Mystery House4.58.4 mi
- Westfield Valley Fair4.48.4 mi
- California's Great America4.46.4 mi
- Winchester Mystery House4.58.4 mi
- AMC Mercado 204.25.8 mi
- Casino M8trix3.99.2 mi
- Filoli Historic House & Garden4.714 mi
- Winchester Mystery House4.58.4 mi
- Computer History Museum4.72.9 mi
- Children's Discovery Museum of San Jose4.611.2 mi
- The Tech Interactive4.411.2 mi
- Alviso Marina County Park4.57.1 mi
- The Stanford Oval4.86 mi
- Rancho San Antonio County Park & Open Space Preserve4.73 mi
- Vasona Lake County Park4.711.4 mi
- Shoreline Park4.74.1 mi
- Westpoint Harbor LLC4.711.2 mi
- Coyote Point Marina4.719.6 mi
- Coyote Point Yacht Club4.619.3 mi
- Topgolf4.27.3 mi
- San Jose Municipal Golf Course410.9 mi
- Pruneridge Golf Club4.27.4 mi
- Baylands Golf Links4.15.8 mi
- The Golf Club At Moffett Field4.34.1 mi
- Westfield Valley Fair4.48.4 mi
- Great Mall4.310.8 mi
- Santana Row4.58.5 mi
- Stanford Shopping Center4.56.7 mi
- San Francisco International Airport4.323.4 mi
- San Jose Mineta International Airport4.48.7 mi
- Oakland San Francisco Bay Airport4.224.9 mi
- Elevation LVK4.326.7 mi
- The Club at SJC A154.38.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large regional park featuring a lake, golf course, and extensive trails.
A major multi-use trail connecting the city to the baylands.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).