94301 — Palo Alto, CA Home Values
Typical home value $4,332,825 as of June 2026 · 3rd of 59 in San Jose-Sunnyvale-Santa Clara, CA
Blue: typical home value (Zillow ZHVI) in ZIP code 94301, June 2021 to June 2026. This page shows observed data only; no forecast.
How 94301 compares in the San Jose-Sunnyvale-Santa Clara, CA area
ZIP code 94301 (Palo Alto, CA) has a typical home value of $4,332,825 as of June 2026, ranking 3rd of 59 ZIP codes tracked in the San Jose-Sunnyvale-Santa Clara, CA area, more expensive than about 97% of ZIP codes in the metro. Prices here have moved +6.0% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +14.9%, from $3,769,995 in June 2021 to $4,332,825 in June 2026. Against observed rent, the typical home here sells for 83.6× the annual rent ($4,319/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the San Jose-Sunnyvale-Santa Clara, CA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in San Jose.
Population and demographics
ZIP code 94301 has a population of 17,126, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 59% White, 24.9% Asian, 7.5% two or more races, 5.2% Hispanic or Latino, 2.4% Black or African American, 0.7% another race, and 0.3% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Addison Elementary | 650 Addison Ave., Palo Alto, CA | 0.1 mi |
| Walter Hays Elementary | 1525 Middlefield Rd., Palo Alto, CA | 0.4 mi |
| Palo Alto High | 50 Embarcadero Rd., Palo Alto, CA | 0.6 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 94301?
$4,332,825 as of June 2026, the latest month Zillow has published observed data for.
Is 94301 an expensive ZIP code in the San Jose-Sunnyvale-Santa Clara, CA area?
94301 ranks 3rd of 59 ZIP codes in the San Jose-Sunnyvale-Santa Clara, CA area by typical home value, more expensive than about 97% of ZIP codes in the metro.
How much have home values in 94301 changed over the past year?
+6.0% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 94301?
The typical home price is 83.6× the observed annual rent in this ZIP code ($4,319/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 94301?
17,126, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 94301?
Addison Elementary (0.1 mi), Walter Hays Elementary (0.4 mi), Palo Alto High (0.6 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 94301?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the San Jose-Sunnyvale-Santa Clara, CA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.