Home values, rents and more in ZIP code 94301 (Palo Alto, CA)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 94301 in ProMap- Under $2M
- $2M–$2.8M
- $2.8M–$3.2M
- $3.2M–$4.3M
- $4.3M+
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How 94301 compares
The typical home in ZIP code 94301 (Palo Alto, CA) is worth about $4,337,000, according to the Zillow Home Value Index for September 2026. Home values in 94301 are 2.8 times the typical value in the San Jose metro area ($1,524,000) and 11.8 times the U.S. typical value ($366,000).
Over the past year, home values in 94301 rose 8.7%, compared with +0.2% in the San Jose metro area and +1.2% nationally.
Typical rent is $4,219 a month (Zillow Observed Rent Index), 11% above the San Jose metro area ($3,812) and 2.2 times the U.S. ($1,932). Rents rose 9.7% over the past year.
The median household income is $242,006, against $162,111 in the San Jose metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 17,508 people live in 94301 (American Community Survey 2020–24).
94301 has the 3rd-highest typical home value of the 59 ZIP codes in the San Jose metro area and the 13th-highest of 1,541 in California with Zillow figures.
Part of: Palo Alto, CA · Santa Clara County, CA · San Jose metro area · California
More for 94301 in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.