The 10 Most Affluent Communities in the South Bay

|April 17, 2019

Very famously, the Bay Area can be an expensive place to live and to buy a home. However, our communities are also home to highly educated populations, varied industries, huge employers and some of the best school districts in the country. As a result, the Bay Area, and Silicon Valley, in particular, are home to the country’s wealthiest cities, towns and census-designated places. Yes, they have expensive homes, estates and compounds, but they also boast high incomes to match.

In this guide, we rounded up Silicon Valley’s 10 most prestigious, most affluent and most luxurious communities, including both the most expensive in the United States and the wealthiest.

1. Atherton

Located just 20 minutes from the headquarters of tech giants like Tesla, Google and Facebook, Atherton is famous across the country as one of the most expensive places to buy a home. In fact, it landed on PropertyShark’s Top Most Expensive U.S. Zip Codes in 2018—and not for the first time—with a median sale price of $6,700,000.

Primarily residential, the community is nestled between the bustling cities of Redwood City and Palo Alto and the population is largely made up of families. That population is also an affluent and highly educated one; the average per capita income is $147,828, median household income is more than $250,000, and 77.9 percent have a bachelor’s degree or higher. More specifically, 43.1 percent of the population have earned a graduate or professional degree.

Click here to see homes for sale right now in Atherton.

2. Los Altos Hills

West of Mountain View and directly adjacent to Los Altos, Los Altos Hills is famously one of the wealthiest communities in the entire country. The residential community has a population of just over 8,500 and, according to the US Census Bureau, has a median household income of $248,218. As the home of many of Silicon Valley’s most famous residents, estates have sold for prices as high as $25 million, which was the price tag for Santa Clara County’s most expensive home sold in 2017.

Click here to see homes for sale right now in Los Altos Hills.

3. Portola Valley

The 10 Most Affluent Communities in Silicon Valley

A small, residential community southwest of Palo Alto, Portola Valley is consistently named one of the wealthiest communities in the country and is surrounded on three sides by lush parks and open spaces such as Windy Hill Open Space Preserve photographed above. According to PropertyShark’s Top Most Expensive U.S. Zip Codes in 2018, the eighth ranking zip code, 94028 in Portola Valley, had a median sale price of $3,300,000 in 2018. And according to data from the American Community Survey, Portola Valley boasts a median household income of $244,539—just behind Los Altos Hills. The average is a whopping $356,579. According to that same data, 56.6 percent of the town’s households bring in more than $200,000 per year.

Click here to see homes for sale right now in Portola Valley.

4. Loyola

Ranked among the wealthiest communities in the country, Loyola is a census-designated place adjacent to Los Altos and Los Altos Hills. This highly educated and wealthy residential community has a total population of just 3,448 and a whopping 99 percent have earned a high school degree or higher. More specifically, 49.5 percent of the population have a graduate or professional degree, and the median household income is $247,917.

5. Palo Alto

The 10 Most Affluent Communities in Silicon Valley

PropertyShark’s Top Most Expensive U.S. Zip Codes in 2018 ranks two Palo Alto zip codes: the area around Downtown and Old Palo Alto, followed by the south end of town closer to the Googleplex, Los Altos Hills and Mountain View. Respectively, these zip codes have a median sale price of $3,755,000 and $2,700,000.

According to the US Census Bureau, the city population of just over 67,000 boasts a median household income of $147,537 and a per capita income of $82,576. Additionally, 97.2 percent of this population has a high school diploma or higher and 81.1 percent has a bachelor’s degree or higher. Palo Alto families also get the benefit of the top public school district in the Bay Area, and you can learn more about the Palo Alto Unified School District in The Top 10 School Districts in the Bay Area.

Click here to see homes for sale right now in Palo Alto.

6. Los Altos

The 10 Most Affluent Communities in Silicon Valley

Larger than the enclave of Los Altos Hills, Los Altos hugs Mountain View’s west side and has a largely wealthy and educated population of just over 30,700. According to the American Community Survey, the median value of owner-occupied homes is over $2,000,000, and the data also says that nearly 93 percent of the homes in Los Altos are valued above $1,000,000. In the city, the median household income is $208,309 and per capita income is $98,426. Additionally, 98.6 percent of the population have earned a high school diploma or higher and 49 percent have gone as far as earning a graduate or professional degree.

Click here to see homes for sale right now in Los Altos.

7. Hillsborough

The 10 Most Affluent Communities in Silicon Valley

Directly adjacent to Burlingame and San Mateo, Hillsborough is a prestigious residential community in Silicon Valley. The only non-residential properties here are a park, a golf course and country club, four public and three private schools, as well as the town and county government facilities. This, plus the minimum lot size of a half-acre has maintained space and serenity for all Hillsborough residents.

At just over 11,000, that population boasts a median household income of $238,750, a $121,584 per capita income, and 75.7 percent of the population have a bachelor’s degree or higher with 41.5 percent holding a graduate or professional degree.

Click here to see homes for sale right now in Hillsborough.

8. Menlo Park

Menlo Park is nestled perfectly between bustling Palo Alto and prestigious Atherton, and the city has perfectly merged its important history with modern amenities. For example, the Menlo Park Chamber of Commerce is located inside the Menlo Park Train Station, the oldest station in continuous use.

The population of over 34,000 is home to primarily high school and college graduates; 70.7 percent have earned a bachelor’s degree or higher with 41.9 percent holding a graduate or professional degree. And this community brings in a median household income of $132,928. 

Click here to see homes for sale right now in Menlo Park.

9. Saratoga

The 10 Most Affluent Communities in Silicon Valley

Saratoga is a community in the southern end of Silicon Valley adjacent to Cupertino, Los Gatos and Campbell. At 30,905, the city has a moderate population for the area, but that population boasts above-average wealth and education. For 10,898 total households, the median household income is $173,136, 35.3 percent have earned a bachelor’s degree, and 41.5 percent have earned a graduate or professional degree.

Click here to see homes for sale right now in Saratoga.

10. Cupertino

The 10 Most Affluent Communities in Silicon Valley

At 60,777 residents, Cupertino is the second largest community on our list, just behind Palo Alto. With a median value of owner-occupied units at $1,372,800, it’s also one of the least expensive when buying a home. However, the population boasts a median household income of $153,449 — still one of the highest in the region. Also comparable, 33.6 percent of the population has earned a bachelor’s degree and 43.6 percent have earned a graduate or professional degree.

Click here to see homes for sale right now in Cupertino.

Looking for information on more Bay Area communities?

Our Community Search covers nearly every community from Silicon Valley through San Francisco and Marin County, over to East Bay and up into Wine Country.

You can also get more information like this in The 15 Most Prestigious Neighborhoods to Live in the Bay Area, find affordable communities in The 20 Most Affordable Neighborhoods Outside San Francisco, or explore our suburbs in The 11 Best Bay Area Suburbs to Live.

Category Real Estate, Silicon Valley

Tags , , , ,

McGuire Real Estate

McGuire Real Estate

More posts by

You May Also Like