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Los Altos city, CA

ZIP 94024 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 94024

Median Home Value
$2,000,001
Median Rent
$3,501
Affordability Snapshot
$551,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$12,847/mo PITI).

17%
Rent-to-Income Ratio

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

8.0x
Home Price-to-Income Ratio

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

47.6 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 94024 in Los Altos city, CA, a household would need roughly $551,000 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 $12,847. That is about 120% above the local median household income ($250,001), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
88.1%+35% vs US avg
x
Vacancy Rate
5.5%-46% vs US avg
x
Broadband Access
98.6%+13% vs US avg
x
4+ Bedrooms
15.2%+3% vs US avg
x
Built Pre-1939
5.6%-56% vs US avg
x
Built Post-2014
1.4%-79% vs US avg
x
Rent Burden >30%
22.4%-55% vs US avg
x
Mortgage-Free
38.2%+0% vs US avg
x
$2,000,001
Home Value
$3,501
Rent
1962
Year Built
2006
Moved In

Residents have lived here since ~2006 on average

Housing Structure

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

  • 1-unit detached95.4%
  • 1-unit attached2.4%
  • 2-9 units0.4%
  • 10+ units1.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$2,000,001
Median rent$3,501
Owner-occupied88.1%
Vacant5.5%
Price-to-income8.0x
Est. income to buy$551,000