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Palo Alto city, CA

ZIP 94303 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 94303

Median Home Value
$1,825,000
Median Rent
$2,453
Affordability Snapshot
$502,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$11,723/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

12.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

62.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 94303 in Palo Alto city, CA, a household would need roughly $502,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $11,723. That is about 239% above the local median household income ($148,031), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
57.0%-13% vs US avg
x
Vacancy Rate
9.1%-12% vs US avg
x
Broadband Access
94.9%+9% vs US avg
x
4+ Bedrooms
5.0%-66% vs US avg
x
Built Pre-1939
9.6%-25% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
25.8%-48% vs US avg
x
Mortgage-Free
34.0%-11% vs US avg
x
$1,825,000
Home Value
$2,453
Rent
1961
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached66.3%
  • 1-unit attached4.4%
  • 2-9 units7.5%
  • 10+ units21.2%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,825,000
Median rent$2,453
Owner-occupied57.0%
Vacant9.1%
Price-to-income12.3x
Est. income to buy$502,000