Rental market · ZIP 94024 · Los Altos, CA
Population 23,051 · Los Altos, Santa Clara County, CA · ZIP Code Tabulation Area
Profile · ACS 2024 5-year
The Census Bureau publishes this ZIP Code area's median home value only as $2,000,000 or more and median gross rent only as $3,500 or more: open-ended ranges, not numbers, with no margin of error. Ranking requires the median home value and gross rent to be estimates with a margin of error under 40%, so this area cannot be ranked; the figures below are shown as published.
It stays searchable; available government estimates remain below (data tier: Profile).
±970 ±4.2% tight
Open-ended ACS median: published only as a range, with no margin of error
Open-ended ACS median: published only as a range, with no margin of error
Derived from ACS estimates: no published margin of error
Open-ended ACS median: published only as a range, with no margin of error
Derived from ACS estimates: no published margin of error
Derived from ACS estimates: no published margin of error
Derived from ACS estimates: no published margin of error
±2 years margin in years; a share of a year number would not mean anything
Derived from ACS estimates: no published margin of error
Market context
Loading population context…
Each point is one ACS 5-year estimate on the same 2020-Census ZCTA boundary. Adjacent releases overlap, so the release-to-release differences are not independent annual market movement.
| Series | 2017–2021 | 2018–2022 | 2019–2023 | 2020–2024 |
|---|---|---|---|---|
| Median home value B25077 | $2,000,000 or more open-ended, no margin | $2,000,000 or more open-ended, no margin | $2,000,000 or more open-ended, no margin | $2,000,000 or more open-ended, no margin |
| Median gross rent B25064 | $3,500 or more open-ended, no margin | $3,500 or more open-ended, no margin | $3,500 or more open-ended, no margin | $3,500 or more open-ended, no margin |
| Population B01003 | 24,203 ±932 | 24,041 ±918 | 23,673 ±934 | 23,051 ±967 |
2017-2021 five-year estimate
2018-2022 five-year estimate
2019-2023 five-year estimate
2020-2024 five-year estimate
Source: U.S. Census Bureau, American Community Survey 5-year, table-based Summary File (ZCTA geography); tables B25077 (median value), B25064 (median gross rent), and B01003 (population); estimate + margin of error. Missing releases remain gaps and are never interpolated. An open-ended release is one the Census Bureau publishes only as a range (here, “${esc(anyOpen)}”); it is not charted and no difference is computed from it. Home value is owner-reported; gross rent describes renter housing stock; population is a ZCTA estimate. Dollar figures are nominal.
Measured observations for this ZIP Code, published beside the government survey figures above rather than replacing them. They measure different things and will legitimately disagree; the reconciliation below states on which axis, one axis at a time, instead of leaving a reader to guess. ZORI does not correct the ACS rent; neither is a better version of the other. Monthly series, revised in recent months, observed 2026-08, not live.
| Figure | ACS survey estimate | Zillow measured index |
|---|---|---|
| Typical home value | $2,000,000 or moreopen-ended ACS median: published only as a range, no margin of error | $4,545,294no published margin of error |
| Methodology typical home value | The median of what owners themselves estimate their own home to be worth, across owner-occupied homes only. | A smoothed index of the typical value of homes in the middle tier (35th to 65th percentile) of the local stock, whether or not they sold. |
| Typical rent | $3,500 or moreopen-ended ACS median: published only as a range, no margin of error | $9,304/mono published margin of error |
| Methodology typical rent | The median gross rent sitting tenants actually pay, including utilities, across the whole occupied rental stock. | An index of the rent landlords are asking on units newly listed for rent: what is on the market now, not what sitting tenants pay. |
| Gross rent yield | Not determinablea bound: built on an open-ended ACS median, no margin of error | 2.46%no published margin of error |
| Methodology gross rent yield | The two survey medians above, divided. Renter gross rent against owner-occupied value is different housing stock, so this is a proxy and not a cap rate. | The two measured indices above, divided (ZORI × 12 ÷ ZHVI): asking rent against a whole-stock value index. |
| Source | U.S. Census Bureau, American Community Survey 5-year estimates. | Zillow Economic Research public research data. |
| Vintage | ACS 2024 5-year: one estimate pooled over 2020–2024. Restated once a year, not monthly, and adjacent releases overlap. | Monthly series, observed 2026-08 and revised in recent months. Not live. |
| Geography | 2020 Census ZIP Code Tabulation Area 94024. | USPS ZIP code 94024: a related, but not identical, area. |
| Zillow Home Value Index (ZHVI, mid tier) | $4,545,294 |
|---|---|
| ZHVI bottom tier (5th–35th pct) | $3,761,703 |
| ZHVI top tier (65th–95th pct) | $5,741,180 |
| Zillow asking-rent index (ZORI) | $9,304/mo |
| Measured gross yield (ZORI × 12 ÷ ZHVI) | 2.46% |
| Market heat index | 103 |
| Share of listings with a price cut | 17.0% |
| For-sale inventory | 28 |
| New listings | 13 |
| Median list price | $4,619,315 |
| Measured 3-yr value growth | 5.45%/yr |
| Measured 5-yr value growth | 4.63%/yr |
| Measured 10-yr value growth | 6.16%/yr |
| ZHVI, 2-bedroom | $3,210,910 |
| ZHVI, 3-bedroom | $4,085,988 |
| ZHVI, 4-bedroom | $4,611,342 |
| ZHVI, 5-bedroom | $5,397,008 |
Source: Zillow Economic Research public research data, observation month 2026-08. Zillow keys on USPS ZIP codes; this page is a 2020 Census ZCTA, related but not identical geographies, so a Zillow value is matched to this ZCTA by code and is not a statement that the two areas are the same. Zillow is not affiliated with, and does not endorse, Compounding Estates.
Nothing is pre-filled. The Census Bureau publishes this area’s median home value only as $2,000,000 or more and its median gross rent only as $3,500 or more, an open-ended range rather than a price, so they are not loaded. Every calculator input is editable. Owner-occupied median value and renter median gross rent describe different housing stock: the median-valued home is not the typical rental, so this is a screen, not a listing, appraisal, asking rent, cap rate, or forecast. Bring your own entry price and rent.
Official geography: Los Altos city, Santa Clara County. Analytical entity: the U.S. Census ZIP Code Tabulation Area (ZCTA) 94024, an approximation of the USPS ZIP delivery area, not its exact route boundaries. Model z3-measured-v1; data ACS 2024 5-year.
This ZIP Code area is primarily in Santa Clara County, overlapping Los Altos and other places, by land-area overlap from the official Census 2020 ZCTA relationship files (not population or address share).
| Population | survey ACS B01003 · ±4.2% margin of error |
|---|---|
| Median home value (ACS, owner-reported) | survey ACS B25077 · open-ended: published only as $2,000,000 or more, with no margin of error |
| Median gross rent (ACS, incl. utilities) | survey ACS B25064 · open-ended: published only as $3,500 or more, with no margin of error |
| Survey gross-rent yield (proxy) | derived 12 * ACS B25064 / B25077 · built on an open-ended median, so a bound, with no margin of error |
| Median household income | survey ACS B19013 · open-ended: published only as $250,000 or more, with no margin of error |
| Rental vacancy | derived ACS B25004 E002 / (B25003 E003 + B25004 E002) · no published margin of error |
| Renter share | derived ACS B25003 E003/E001 · no published margin of error |
| Estimated property-tax burden | derived ACS B25103 / B25077 · built on an open-ended median, so a bound, with no margin of error |
| Median year built | survey ACS B25035 · ±<1% margin of error |
| Multifamily (5+ units) | derived ACS B25024 (5+ unit structures / total) · no published margin of error |
Class: survey = ACS estimate (with margin of error); derived = computed from ACS. The survey gross-rent yield is a proxy (renter gross rent vs owner-occupied value, different housing stock; ACS top-codes very high values/rents) and is not a cap rate. Subscores are national percentiles among data-eligible areas; ranks are competition-ranked with deterministic ties. No vendor, listing, parcel, or school data. Not investment advice.