Los Altos is a city in Santa Clara County, California in the San Francisco Bay Area. Originally an agricultural town with many summer cottages and apricot orchards, Los Altos is now an affluent bedroom community on the western edge of Silicon Valley, serving as a major source of commuters to other parts of Silicon Valley. Los Altos strictly limits commercial zones to the downtown area and small shopping and office parks lining Foothill Expressway and El Camino Real.
Many Los Altos homes fetch $2 million and higher, putting the city (along with neighboring Los Altos Hills, with which it shares ZIP codes) at numbers 24 and 28 on Forbes’ “Most Expensive ZIP Codes in America” list in 2007. In 2015, Forbes placed Los Altos (ZIP codes 94022 and 94024) as the 11th and 57th most expensive ZIP codes in the United States, behind such cities as Atherton, California and Sagaponack, New York. For the 94022 ZIP code, which includes parts of Los Altos Hills, California the median home price is $4.9 million with an average of 120 days on the market. For the 94024 ZIP code, the median home price is $2.8 million with an average of 36 days on the market.