The story of this market
The typical home in ZIP 94062 sells for about $2,693,781, or $1,150 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $4,000 a month.
ZIP 94062 — Redwood City
The 94062 housing market remains a high-value, low-inventory environment characterized by luxury single-family homes and limited turnover. Prices have shown modest year-over-year growth, supported by strong demand from affluent buyers despite high interest rates. Market conditions are stable, with homes selling at a steady pace in a highly exclusive, supply-constrained geography.
This ZIP is ideal for affluent families, executives, and those seeking privacy and proximity to nature while remaining within reach of Silicon Valley employment hubs.
Median prices moved up 2.1% year over year.
Homes spend a median of 64 days on market with 5.1 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 3.2% — 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 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 94062, San Mateo County, CA
Crime rates in the Woodside area are generally low, with the community experiencing significantly lower property and violent crime rates compared to the broader San Mateo County and California averages.
Schools serving the 94062 area are highly rated, with the Woodside Elementary School District and Sequoia Union High School District consistently performing well above state benchmarks.
The area faces significant wildfire risk due to its forested, hilly terrain and is subject to strict vegetation management and insurance requirements common in the Wildland-Urban Interface.
Economic momentum is driven by proximity to Silicon Valley tech hubs, though development is strictly limited by local zoning and environmental conservation mandates.
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%).
Commutes are primarily car-dependent, with residents accessing major employment centers in Redwood City, Palo Alto, and the broader Peninsula via I-280 and Highway 84.
The area features extensive access to outdoor recreation, including the Huddart County Park, Wunderlich County Park, and numerous equestrian and hiking trails in the Santa Cruz Mountains.
The rental market is limited in depth, consisting primarily of high-end single-family homes and accessory dwelling units with low vacancy pressure.
The economy is anchored by high-net-worth residents and proximity to major Silicon Valley tech employers in Redwood City and Palo Alto.
Transportation is dominated by private vehicle use, with I-280 serving as the primary arterial corridor for regional access.
Development is highly constrained by the Town of Woodside's General Plan, which prioritizes rural character and environmental preservation.
The San Mateo County Assessor maintains property values based on the purchase price at the time of sale, adjusted annually by the CPI.
Parcels are subject to various special districts including the Midpeninsula Regional Open Space District and local fire protection districts.
Property insurance is increasingly difficult to secure due to high wildfire risk, with many residents relying on the California FAIR Plan.
Data retrieved from data.census.gov ZCTA-level tables.
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.
Large forested park with extensive hiking and equestrian trails.
Features historic buildings and redwood forest trails.
A historic site and botanical garden serving the region.
Key-figure check: median price diverges 37.4% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $3,700,000 (+37.4% vs the prior refresh cycle) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.