Zip Code: 94121 (San Francisco, California) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 94121 Zip Code (San Francisco, California) in February 2026 was $1,638,888.904. The month over month percentage change (MoM) was 1.00%, and the year over year percentage change (YoY) was 4.97%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 94121 zip code (San Francisco, California). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 94121 zip code (San Francisco, California).

You can see similar information for other California zip codes, and for California.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Data Source: Zillow.
Zip Code: 94121 (San Francisco, California) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)
Zip Code: 94121 (San Francisco, California) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted
Items per page:
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Month ZHVI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 1167669.8217220677 1.69 17.71
Feb 2015 1188332.5189990164 1.77 19.00
Mar 2015 1207132.7262160068 1.58 19.35
Apr 2015 1221937.7186056788 1.23 18.63
May 2015 1236345.5847034308 1.18 17.77
Jun 2015 1250833.1877085238 1.17 17.08
Jul 2015 1265191.430006746 1.15 17.03
Aug 2015 1279330.554680458 1.12 17.02
Sep 2015 1296830.5184635415 1.37 17.61
Oct 2015 1317572.1826230504 1.60 18.07
Nov 2015 1335224.9786811026 1.34 18.12
Dec 2015 1344800.2714005373 0.72 17.11
Jan 2016 1352780.7589792728 0.59 15.85
Feb 2016 1363446.5535981657 0.79 14.74
Mar 2016 1370793.5581490714 0.54 13.56
Apr 2016 1371959.7133083746 0.09 12.28
May 2016 1364016.0278528752 -0.58 10.33
Jun 2016 1355784.2852494775 -0.60 8.39
Jul 2016 1341585.8477510063 -1.05 6.04
Aug 2016 1330714.9390604792 -0.81 4.02
Sep 2016 1320986.2490214144 -0.73 1.86
Oct 2016 1321417.6670376135 0.03 0.29
Nov 2016 1326425.1328402471 0.38 -0.66
Dec 2016 1338026.9533460329 0.88 -0.50
Jan 2017 1347658.015931222 0.72 -0.38
Feb 2017 1355203.5824095153 0.56 -0.60
Mar 2017 1361265.7442287838 0.45 -0.69
Apr 2017 1368976.820159321 0.57 -0.22
May 2017 1379522.8745809225 0.77 1.14
Jun 2017 1392644.2611263643 0.95 2.72
Jul 2017 1403760.778678177 0.80 4.63
Aug 2017 1410725.3320399506 0.50 6.01
Sep 2017 1415572.8508981776 0.34 7.16
Oct 2017 1423307.0381552558 0.55 7.71
Nov 2017 1437534.2301972925 1.00 8.38
Dec 2017 1453413.6631953388 1.11 8.62
Jan 2018 1472576.8672242144 1.32 9.27
Feb 2018 1486634.2731021906 0.96 9.70
Mar 2018 1499057.5372922642 0.84 10.12
Apr 2018 1510821.387452273 0.79 10.36
May 2018 1525794.9435168433 0.99 10.60
Jun 2018 1539772.2166401353 0.92 10.57
Jul 2018 1542105.771443981 0.15 9.86
Aug 2018 1539060.6670155518 -0.20 9.10
Sep 2018 1535641.6977616902 -0.22 8.48
Oct 2018 1537292.0530108798 0.11 8.01
Nov 2018 1537733.3339231208 0.03 6.97
Dec 2018 1531788.8212662314 -0.39 5.39
Jan 2019 1522240.434597622 -0.62 3.37
Feb 2019 1506940.3644016823 -1.00 1.37
Mar 2019 1494448.2952347242 -0.83 -0.31
Apr 2019 1488037.3720844183 -0.43 -1.51
May 2019 1489624.3894592647 0.11 -2.37
Jun 2019 1497899.457839945 0.56 -2.72
Jul 2019 1509003.2315094576 0.74 -2.15
Aug 2019 1520937.9074543174 0.79 -1.18
Sep 2019 1530262.6314669314 0.61 -0.35
Oct 2019 1539194.138392927 0.58 0.12
Nov 2019 1550592.959568902 0.74 0.84
Dec 2019 1563255.1360722196 0.82 2.05
Jan 2020 1573126.2881408941 0.63 3.34
Feb 2020 1579047.6988679497 0.38 4.79
Mar 2020 1588270.6020952982 0.58 6.28
Apr 2020 1594956.0065900038 0.42 7.19
May 2020 1591205.410922393 -0.23 6.82
Jun 2020 1573723.0452192153 -1.10 5.06
Jul 2020 1561364.9678301287 -0.78 3.47
Aug 2020 1564361.9459636062 0.19 2.86
Sep 2020 1579722.6771743249 0.98 3.23
Oct 2020 1590873.8656763008 0.71 3.36
Nov 2020 1598156.00806931 0.46 3.07
Dec 2020 1603353.5025070955 0.33 2.57
Jan 2021 1607005.0141516912 0.23 2.15
Feb 2021 1609956.1638044615 0.18 1.96
Mar 2021 1615551.9264540712 0.35 1.72
Apr 2021 1627558.5644740716 0.74 2.04
May 2021 1647341.8725795008 1.22 3.53
Jun 2021 1671725.4447326625 1.48 6.23
Jul 2021 1699284.2770007623 1.65 8.83
Aug 2021 1720210.0552394588 1.23 9.96
Sep 2021 1730125.076716941 0.58 9.52
Oct 2021 1733774.072163918 0.21 8.98
Nov 2021 1739927.471684579 0.36 8.87
Dec 2021 1747122.4834938422 0.41 8.97
Jan 2022 1760349.9738122355 0.76 9.54
Feb 2022 1786098.5009613528 1.46 10.94
Mar 2022 1818593.7718624065 1.82 12.57
Apr 2022 1843460.7980307548 1.37 13.27
May 2022 1849715.6271860783 0.34 12.29
Jun 2022 1837904.5376253815 -0.64 9.94
Jul 2022 1809192.495116784 -1.56 6.47
Aug 2022 1764123.779347527 -2.49 2.55
Sep 2022 1714150.5885689838 -2.83 -0.92
Oct 2022 1672714.2796352126 -2.42 -3.52
Nov 2022 1641963.8440873802 -1.84 -5.63
Dec 2022 1616500.3591238095 -1.55 -7.48
Jan 2023 1586451.3111733284 -1.86 -9.88
Feb 2023 1559141.7932635162 -1.72 -12.71
Mar 2023 1539638.6804185265 -1.25 -15.34
Apr 2023 1536784.0188486986 -0.18 -16.64
May 2023 1536959.0439927077 0.01 -16.91
Jun 2023 1539271.1459557342 0.15 -16.25
Jul 2023 1540462.4314029403 0.08 -14.85
Aug 2023 1547992.185213112 0.49 -12.25
Sep 2023 1557326.1517817013 0.60 -9.15
Oct 2023 1561971.7243785737 0.30 -6.62
Nov 2023 1556997.4911170404 -0.32 -5.17
Dec 2023 1544634.2725116054 -0.79 -4.45
Jan 2024 1528658.1339760227 -1.03 -3.64
Feb 2024 1515749.9557843572 -0.84 -2.78
Mar 2024 1517303.6609553646 0.10 -1.45
Apr 2024 1531238.2987611603 0.92 -0.36
May 2024 1552122.3722738728 1.36 0.99
Jun 2024 1563876.920934817 0.76 1.60
Jul 2024 1569368.929453671 0.35 1.88
Aug 2024 1568355.880116783 -0.06 1.32
Sep 2024 1565192.532959129 -0.20 0.51
Oct 2024 1561159.253344846 -0.26 -0.05
Nov 2024 1559092.6451771716 -0.13 0.14
Dec 2024 1559743.7045436855 0.04 0.98
Jan 2025 1559354.6467645813 -0.02 2.01
Feb 2025 1561322.0854479617 0.13 3.01
Mar 2025 1560739.6637845468 -0.04 2.86
Apr 2025 1557531.1789884504 -0.21 1.72
May 2025 1546815.503133021 -0.69 -0.34
Jun 2025 1532675.5460750924 -0.91 -1.99
Jul 2025 1523259.4410171646 -0.61 -2.94
Aug 2025 1519346.437302675 -0.26 -3.12
Sep 2025 1525925.6321702562 0.43 -2.51
Oct 2025 1543225.651017695 1.13 -1.15
Nov 2025 1569474.149614338 1.70 0.67
Dec 2025 1601220.751271071 2.02 2.66
Jan 2026 1622603.7245484826 1.34 4.06
Feb 2026 1638888.9042880882 1.00 4.97