The Los Altos Hills ZIP code 94022 appeared on the 2017 Forbes list of America’s most expensive ZIP codes; 94022 was ranked the 3rd most expensive in the United States, with a median home price of $7,755,000. In 2019, a Bloomberg analysis ranked Los Altos Hills the fourth richest town in the United States.

Los Altos Hills maintains a rural feel, similar to the likes of neighboring Woodside and Portola Valley. There are many open space preserves, such as Rancho San Antonio and Westwind Barn.