As the 8th most expensive zip code in the United States, Los Altos Hills (94022, to be exact), is definitely not a cheap place to live. You get a lot of bang for your buck here, however, with guaranteed lot sizes, beautiful residential areas with restricted zoning (no apartments or commercial buildings here), and a fantastic community of adults to socialize with at the farmers’ market on Thursdays. It’s a quiet, ranch-reminiscent town that’s unfortunately about to get even more pricey.
By the end of 2017, the Fed expects yet another ¾ point increase in interest rates—meaning your LAH mortgage has the potential to rise more than $500 per month. If you’re lucky enough to live in this coveted zip code, that number may not concern you. However, it definitely serves as that market’s warning to stay put. Now is definitely not the time to buy new.