Home values, rents and more in ZIP code 94304 (Palo Alto, CA)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 94304 in ProMap- Under $1.4M
- $1.4M–$1.8M
- $1.8M–$2.5M
- $2.5M–$3.2M
- $3.2M+
- No data
How 94304 compares
The typical home in ZIP code 94304 (Palo Alto, CA) is worth about $3,194,000, according to the Zillow Home Value Index for September 2026. Home values in 94304 are 2.1 times the typical value in the San Jose metro area ($1,524,000) and 8.7 times the U.S. typical value ($366,000).
Over the past year, home values in 94304 rose 3.2%, compared with +0.2% in the San Jose metro area and +1.2% nationally.
The median household income is $154,141, against $162,111 in the San Jose metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 5,000 people live in 94304 (American Community Survey 2020–24).
94304 has the 8th-highest typical home value of the 59 ZIP codes in the San Jose metro area and the 25th-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 94304 in ProMap Plus
These measures are on the map for subscribers. Open ProMap to see them for 94304 and every other place.
- 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.