The story of this market
The typical home in ZIP 94304 sells for about $3,310,286, or $1,278 per square foot.
Prices are up +5.8% from a year ago, so sellers still have some momentum. Homes take about 178 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,000 a month.
ZIP 94304 — Palo Alto
The 94304 market is characterized by extremely high price points and effectively zero active inventory for single-family homes. Market activity is minimal, reflecting a highly exclusive and supply-constrained environment near Stanford University. Many metrics, including rental data and specific tax figures, are not determinable at the ZIP level.
This ZIP is primarily for high-net-worth individuals and institutional interests given the extremely high median list price and limited residential inventory.
Median prices moved up 5.8% year over year.
Homes spend a median of 178 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 94304, Santa Clara County, CA
The area is anchored by proximity to Stanford University and major technology corridors in Palo Alto.
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%).
The economy is heavily influenced by Stanford University and the surrounding Silicon Valley technology sector.
Data sourced from available ZCTA-level census reports and market data.
- California's Great America4.411.4 mi
- Happy Hollow Park & Zoo4.518 mi
- Children's Discovery Museum of San Jose4.616.3 mi
- Dave & Buster's Milpitas - San Jose4.115.7 mi
- K1 Speed Santa Clara411 mi
- Levi's Stadium4.411.7 mi
- Filoli Historic House & Garden4.79.4 mi
- SAP Center4.615.7 mi
- Topgolf4.211.9 mi
- Winchester Mystery House4.513.3 mi
- Filoli Historic House & Garden4.79.4 mi
- California's Great America4.411.4 mi
- AMC Mercado 204.210.8 mi
- Computer History Museum4.76.1 mi
- Mountain View Cinema 164.65.9 mi
- Filoli Historic House & Garden4.79.4 mi
- Winchester Mystery House4.513.3 mi
- Computer History Museum4.76.1 mi
- Children's Discovery Museum of San Jose4.616.3 mi
- Cantor Arts Center at Stanford University4.83.6 mi
- Alviso Marina County Park4.511.5 mi
- The Stanford Oval4.83.4 mi
- Rancho San Antonio County Park & Open Space Preserve4.75.1 mi
- Shoreline Park4.76.3 mi
- Castle Rock State Park4.810.9 mi
- Pillar Point Harbor4.618.6 mi
- Westpoint Harbor LLC4.79 mi
- Coyote Point Marina4.716.3 mi
- Coyote Point Yacht Club4.616 mi
- Half Moon Bay Yacht Club4.619 mi
- Topgolf4.211.9 mi
- Pruneridge Golf Club4.212.4 mi
- Baylands Golf Links4.16.1 mi
- The Golf Club At Moffett Field4.38.1 mi
- Sunnyvale Municipal Golf Course3.87.7 mi
- Stanford Shopping Center4.54.3 mi
- Hillsdale Shopping Center4.312.7 mi
- San Francisco International Airport4.319.8 mi
- San Jose Mineta International Airport4.413.9 mi
- Oakland San Francisco Bay Airport4.223.4 mi
- Elevation LVK4.329.4 mi
- The Club at SJC A154.313.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major academic and research institution serving as a regional anchor.
Key-figure check: median price diverges 141.7% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $8,000,000 (141.7% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $8,000,000 (+141.7% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.