Market Intelligence · CA / Palo Alto

Palo Alto, CA 94304 Housing Market

The typical home in Palo Alto's 94304 ZIP code is valued at $3,239,041 as of June 1, 2026. That figure is up 2.7% over the past year, a modest gain at a high price point.

Updated June 2026Median value$3239K

The median home value in Palo Alto, CA 94304 is $3.24M as of June 2026, up 2.7% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 94304 range

$2.98M to $3.5M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+2.7% over 12 months

Typical home value in 94304 over the last 12 months: $3.15M in Jun 2025 to $3.24M in Jun 2026 (+2.7%).

Jun 2025$3.15M

Jun 2026$3.24M

The numbers

What is the 94304 housing market like?

Typical home value

$3.24M

Up2.7%YoY

Sources · Zillow ZHVI (June 2026) / FRED (July 2026)

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The comparison

How do 94304 home prices compare?

  • 94304$3,239,041
  • Palo Alto$3,305,325
  • California$705,456
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Palo Alto: 4 ZIPs; California: 1,543 ZIPs; United States: 26,270 ZIPs).

Context

Home values in this part of Palo Alto sit at $3,239,041, according to the most recent reading. Over the past year, that value has risen 2.7%. The increase is steady rather than sharp, which points to a market that is holding its ground at a very high price level. For a seller, that means values here have stayed firm, and the recent trend has been upward.

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20% · $647,808

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