The story of this market
The typical home in ZIP 94306 sells for about $4,378,800, or $1,465 per square foot.
Prices are up +5.5% from a year ago, so sellers still have some momentum. Homes take about 19 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $5,200 a month.
ZIP 94306 — Palo Alto
The 94306 housing market remains highly competitive with a median listing price of $2.89 million and low inventory levels. Strong demand from tech-sector professionals and the area's reputation for excellent schools continue to drive price appreciation. Some data points, such as specific tax history and detailed utility providers, were not available at the ZIP level.
This ZIP is ideal for affluent family buyers and professionals working in the tech sector who prioritize access to top-tier schools and proximity to major Silicon Valley employment centers.
Median prices moved up 5.5% year over year.
Homes spend a median of 19 days on market with 0.9 months of supply — a fast-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 94306, Santa Clara County CA
The area is served by the highly-regarded Palo Alto Unified School District, known for its strong academic performance and high college readiness metrics.
The area benefits from proximity to Stanford University and major Silicon Valley tech employers, driving consistent demand for residential real estate.
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 have convenient access to major employment hubs in Palo Alto and the broader Silicon Valley via El Camino Real and nearby Caltrain stations.
The ZIP features several neighborhood parks such as Barron Park and is within close proximity to the Stanford University campus, shopping centers, and local dining districts.
The rental market is characterized by high demand and limited inventory, with significant year-over-year rent growth observed in recent reporting.
The local economy is heavily influenced by the technology sector, Stanford University, and professional services, maintaining a high-income demographic profile.
The area is served by major arterial roads like El Camino Real and is well-connected to the regional Caltrain commuter rail system.
Development activity is primarily focused on residential infill and modernization of existing housing stock within the established neighborhood fabric.
Parcels are subject to Santa Clara County property tax assessments and local school district levies.
Data derived from Census Bureau and local market reports.
- California's Great America4.48.3 mi
- Happy Hollow Park & Zoo4.515.8 mi
- Children's Discovery Museum of San Jose4.614.2 mi
- Dave & Buster's Milpitas - San Jose4.112.4 mi
- K1 Speed Santa Clara48.4 mi
- Levi's Stadium4.48.5 mi
- Filoli Historic House & Garden4.710.9 mi
- SAP Center4.613.5 mi
- Topgolf4.28.4 mi
- Winchester Mystery House4.511.7 mi
- Westfield Valley Fair4.411.7 mi
- Filoli Historic House & Garden4.710.9 mi
- California's Great America4.48.3 mi
- Winchester Mystery House4.511.7 mi
- AMC Mercado 204.28 mi
- Filoli Historic House & Garden4.710.9 mi
- Winchester Mystery House4.511.7 mi
- Computer History Museum4.72.5 mi
- Children's Discovery Museum of San Jose4.614.2 mi
- Cantor Arts Center at Stanford University4.82.8 mi
- Alviso Marina County Park4.58 mi
- The Stanford Oval4.82.7 mi
- Rancho San Antonio County Park & Open Space Preserve4.75.9 mi
- Shoreline Park4.72.3 mi
- Coyote Hills Regional Park4.79.7 mi
- Westpoint Harbor LLC4.77.6 mi
- Topgolf4.28.4 mi
- Pruneridge Golf Club4.210.6 mi
- Baylands Golf Links4.12.5 mi
- The Golf Club At Moffett Field4.34.6 mi
- Sunnyvale Municipal Golf Course3.84.7 mi
- Westfield Valley Fair4.411.7 mi
- Great Mall4.312.4 mi
- Stanford Shopping Center4.53.2 mi
- Santana Row4.511.7 mi
- Hillsdale Shopping Center4.312.8 mi
- San Francisco International Airport4.319.8 mi
- San Jose Mineta International Airport4.411.3 mi
- Oakland San Francisco Bay Airport4.221.5 mi
- Elevation LVK4.325.4 mi
- The Club at SJC A154.311.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A popular local community park serving the neighborhood.
Major regional anchor providing educational, cultural, and recreational resources.
Key-figure check: median price diverges 14.3% 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. Validation: the flagged $2,890,000 (-14.3% 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.