ZIP Code 94306 — Palo Alto, California

The median home in 94306 is valued at more than $2,000,000 (the Census reporting ceiling) against a median household income of $199,800, a price-to-income ratio of at least 10.0. 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, which means a household earning the local median income cannot finance the local median home on conventional terms. Within Santa Clara County, 94306 ranks 41 of 56 ZIPs on affordability (1 = lowest ratio); the county median ratio is 8.6. Renting takes 17.7% of median household income (median rent $2,945 a month), under the 30% cost-burden threshold.

94306 ranks 48 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. 82% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 6.8%, below the 10.8% statewide ZIP median. Unemployment stands at 3.0%.

With 6,777 residents per square mile across 4.1 square miles of land, 94306 is far denser than the statewide ZIP median of 1,120 (rank 317 of 1,558). This is predominantly single-family residential with suburban street patterns.