Los Altos, CA—94024
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Los Altos, CA
Home Price Trends — Los Altos, CA
As of Oct '25, the median home price in Los Altos, CA is $4,349,000, with a year-over-year change of 1.4%. This indicates that home prices in Los Altos, CA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $4,349,000 | 1.4% |
| Single Family | $4,357,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $3,091,000 | 1.3% |
3 Bed | $3,911,000 | 2.0% |
4 Bed | $4,431,000 | 1.2% |
| 5 Bed | $5,155,000 | -0.1% |
% of Housing Stock
Rental Trends — Los Altos, CA
As of July '25, Rentcast reports the average rent in Los Altos, CA is $7,720, with a year-over-year rent change of 12.2%. Per bedroom, the median rent as of July '25 in Los Altos, CA is 1-bedrooms: $1,890, 3-bedrooms: $8,320, 4-bedrooms: $8,520. The most common rental property sizes in Los Altos, CA are 4-bedroom and 3-bedroom, accounting for 31.8% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $8,100 | $7,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,890 | $1,890 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $7,950 | $8,320 |
| 4 Bed Rent | $8,900 | $8,520 |
% of Rental Stock
Property Listings — Los Altos, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Los Altos, CA is 34. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $4,640,000 | -1.0% |
Listing Count | 36 | 18.0% |
| Listings as % of Homes | 0.2% | 18.0% |
Days on Market | 34 | -1.0% |
Demographics — Los Altos, CA
As of the latest ACS Survey released in 2023, Los Altos, CA has a population of 23,700, which has decreased by -1.2% over the past 5 years. Los Altos, CA is a moderately popular place for families, as children make up 24.0% of the population. The area has a highly educated workforce, with 85.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 36.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,700 | -1.2% |
% Under 18 | 24.0% | -11.1% |
% Seniors | 21.8% | 17.8% |
% WFH | 36.0% | 278.9% |
% w/ College Degree | 85.1% | 1.6% |
As of the latest ACS Survey released in 2023, Los Altos, CA is a predominantly white area, with 51.5% of the population identifying as white. The white population has shrunk by 14.3% in the last 5 years. The second most common race or ethnicity in Los Altos, CA is asian, making up 35.4% of the population. Foreign-born residents account for 33.1% of the population in Los Altos, CA, and this percentage has increased by 13.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 51.5% | -14.3% |
% Black | 1.4% | 600.0% |
% Hispanic | 5.8% | 7.4% |
% Asian | 35.4% | 22.5% |
% Foreign Born | 33.1% | 13.4% |
Mortgage and Risk — Los Altos, CA
According to HUD data as of 2023, there were 220 mortgage originations in Los Altos, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Los Altos, CA. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 220 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Los Altos, CA
Los Altos, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,800 | $1,890 | $3,690 |
| 2 Bedroom | N/A | N/A | $4,280 |
| 3 Bedroom | -$2,390 | $7,950 | $5,560 |
| 4 Bedroom | -$2,840 | $8,900 | $6,060 |
Affordability — Los Altos, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 15.7 |
| Median Home Price | $4,349,000 |
| Median Household Income | $250,000 |