ZIP Code 94301 — Palo Alto, California

The median home in 94301 is valued at more than $2,000,000 (the Census reporting ceiling) against a median household income of $217,611, a price-to-income ratio of at least 9.2. That is above the 6.7 median across the 1,558 California ZIP codes with published housing data, and well past the 3.0 ratio that marks an attainable market nationally, so buying here on a local median income requires substantial savings or a second income. Within Santa Clara County, 94301 ranks 36 of 56 ZIPs on affordability (1 = lowest ratio); the county median ratio is 8.6. Renting takes 15.8% of median household income (median rent $2,868 a month), under the 30% cost-burden threshold.

94301 ranks 25 of 1,558 statewide on median household income and 1 of 1,558 on median home value; its income is above the $159,101 Santa Clara County median. 55% of households own their home, below the 64% statewide ZIP median, making this a majority-owner ZIP. 81% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 4.0%, far below the 10.8% statewide ZIP median and among the lowest in the state. Unemployment stands at 2.3%.

With 7,191 residents per square mile across 2.4 square miles of land, 94301 is far denser than the statewide ZIP median of 1,120 (rank 282 of 1,558). This is predominantly single-family residential with suburban street patterns.