Interested in purchasing investment houses in the 94303 zip code in Palo Alto, CA?
The zip code 94303 is in both Santa Clara and San Mateo counties with a latitude of -122.119240000000 and longitude of 37.450450000000, is in the state of California. The average asking price of houses and condos is $666,855.00 and the average sale price was $667,826.00. this regions is classified as the San Francisco - Oakland - San Jose metro area and is in the 650 area code. The location in degrees is 37° 27' 1.62" N, 122° 7' 9.264" W. The county F.I.P.S. is 06081. This zip code contains four cities including Palo Alto, CA (66.26%), East Palo Alto, CA (28.90%), Mountain View, CA (4.71%), and Menlo Park, CA (0.03%) The total land area is 8.0 square miles and the water area is 0.7 square miles. The elevation in this area is 0 - 49 feet. The zip code is on pacific standard time and observes daylight savings time.
The zip 94303 is in county number 085 and is L. Sector 25, L. Segment , H. Sector , and H. Segment . The population was 48,770 in 2019 and 45,467 in 2010. Of this, the break down in 2019 was 48,768 urban and 1 rural. This further breaks down to 24,684 males (50.6%) and 24,085 females (49.4%). The median age of residents is 34.5 years. The population of the greater San Francisco-Oakland-Fremont, CA area is 4,394,426. The population density (people per square mile) is 6,127. This zip code has a combined total of 15,384 houses and condos. There are 6,838 rented appartments. 47% of residents rent versus the 47% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $191,820 and the average salary is $120,240. The median household income of individuals is $82,155.00 and the average is $183,550.00. This zip code has a mean commute time to work of 25.8 minutes. The unemployment rate is 3.4%. Income earners by percent breakdown as 30.40% (Under $50,000), 28.10% ($50,000-$100,000), and 41.50% earn over $100,000. 9.1% of residents live below poverty line versus the 11.8% in the state that are below this line. The cost of living index is 162.1. The educational breakdown is 80.1% have a high school education or higher, 49.0% have a bachelor's degree or higher, and 27.9% have some kind of profesional degree.
This area has 13,238 households and the average size is 3.3 people. Individuals who are single and have never been married are 38.5%, 50.0% are now married, 1.6% are separated, 3.6% are widowed, and 6.4% are divorced. The average yearly contribution amount given by people to charity was $18,827 versus the state average of $4,659. The percent of residents who gave to charity was 30.7%.
The estimated median value of houses and condos is $1,558,882. The median monthly owner costs of mortgage holders was $3,791, where as the costs for those who don't have a mortgage are $788. The median number of rooms in houses and condos are 6.0 versus apartments which had a median number of 4.0.
The real estate tax percent rate is 0.5% which equated to an average real estate tax amount payment of $7,559. In comparision, the average real estate tax percent rate in the state is 0.7% which equated to an average real estate tax amount payment in the state of $4,142. The median housing property tax percent for residents with mortgages was 0.7% which amounted to an average tax amount of $8,934. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.3% which amounted to an average tax amount of $5,323. Reported taxable interest for persons was $8,966, dividends $30,558, capital gains +$103,010, and itemized deductions $71,829. The average earned income tax credit is $2,364. The percent of individuals that use a tax preparer is 61.3%. The total average income taxes paid by individuals was $49,565. Businesses reported an average profit of $26,873.
Emmanuel Pizza
1489 E Bayshore Rd, East Palo Alto, CA 94303
Buca di Beppo Italian Restaurant
643 Emerson St, Palo Alto, CA 94301 (1.7 miles away)
LB Steak
898 Santa Cruz Ave, Menlo Park, CA 94025 (3.2 miles away)
Russo Cafe
555 Salvatierra Walk, Stanford, CA 94305 (3.3 miles away)
Fleming's Prime Steakhouse
180 El Camino Real, Palo Alto, CA 94304 (3.4 miles away)
Celia's Mexican Restaurant
1850 El Camino Real, Atherton, CA 94027 (3.5 miles away)
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