94305, Stanford, CA

Stanford, California is a highly sought after location to live and work. The city has a rich history and is home to some of the most prestigious universities in the world. This has led to an influx of people and businesses into the 94305 zip code, which has resulted in an increase in home prices.

According to Zillow, the median home value in this zip code is $2,898,000. This figure represents a 20% increase from 2016 and a 31% increase from 2015. In addition, the percentage of homes sold for over $3 million increased by 10% between 2016 and 2017. These figures demonstrate that there is strong demand for property in this area.

One reason for this demand may be the high quality of life that residents enjoy. Stanford offers world-class education as well as plenty of entertainment options. Additionally, the city is known for its beautiful scenery and friendly people. This makes it an ideal place to raise a family or retire.

Despite these positive factors, there are also some risks associated with buying property in this area. For example, there may be limited housing stock available if demand outstrips supply (this has already started to happen). Additionally, prices can go down if there are any economic downturns or if interest rates rise significantly (which they have done in recent years). However, given all of the benefits that come with owning property in Stanford – such as stability and security – these risks are worth taking into account when making an investment decision."