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ZIP Code · CA

ZIP 94002

Part of Belmont, CA
Pop. 27,534·San Mateo County·182nd most expensive ZIP in California
Median rent (all units)
$3,524/mo
Year-over-Year
+15.2%
Month-over-Month
+6.1%
vs US Median
+$1,562
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 94002 · $3,524
More expensive than 95% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$2,720
1 BR
$3,260
2 BR
$3,950
3 BR
$5,050
4 BR+
$5,230
Research median
$3,950/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$42,288/yr
At $3,524/mo median
Location
StateCA
CountySan Mateo County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 15.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+15.2% YoY, +6.1% MoM), not inventory.
Demographics

Who lives here

ZIP 94002 (Belmont, CA) is roughly split between renters and owners, has a median income above the national average, 69.4% of residents hold a bachelor's degree or higher.

Population
27,534
Median income
$203,965
Median age
39.8
Renters
45%
Age distribution
23.7%
19.1%
31.2%
12.1%
13.9%
Under 1823.7%
18–3419.1%
35–5431.2%
55–6412.1%
65+13.9%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
48.4%
13.4%
30.7%
White48.4%
Black2.6%
Hispanic13.4%
Asian30.7%
Other4.9%
Education (25+)
18.1%
69.4%
No HS diploma4.7%
HS diploma7.9%
Some college18.1%
Bachelor's+69.4%
Housing tenure
55%
45%
Owner55%
Renter45%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 94002 in Belmont, CA has changed in 5 years

Rent
$2,431 → $3,524
up 45.0%
Income
$175,694 → $203,965
up 16.1%
Population
28,201 → 27,534
down 2.4%
Renter share
43.5% → 45%
+1.5 pts
Bachelor's+
69% → 69.4%
+0.4 pts
Median age
40.3 → 39.8
-0.5 yrs

Five years ago, renters in ZIP 94002 in Belmont, CA paid around $2,431 a month. That figure now sits near $3,524, up 45.0% from the 2021 baseline. Household income in the area moved from $175,694 to $203,965 across the same window, up 16.1% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 94002 in Belmont, CA losing about 667 residents over the five-year window, down 2.4% on net. The renter share has risen from 43.5% to 45%, with owner-occupied housing accounting for the remainder. Reading these numbers side by side helps frame whether current listings in ZIP 94002 in Belmont, CA look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 94002

About renting in ZIP 94002

Last updated: August 17, 2026

ZIP code 94002 covers Belmont, CA. The median rent here is $3,524/mo as of August 2026. A 1-bedroom rents for a median of $3,260/mo. A 2-bedroom rents for a median of $3,950/mo.

At 21% of local median household income ($203,965/yr), ZIP 94002 ranks as affordable compared to the national benchmark of 30%. Rents have increased 15.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 94002?

As of August 17, 2026, the median monthly rent in ZIP 94002 (Belmont, CA) is $3,524. This is based on aggregated data from public sources and community submissions.

How does ZIP 94002 rent compare to the US average?

ZIP 94002's median rent of $3,524/mo is $1,562 (80%) above the US national median of $1,962/mo.

How does ZIP 94002 compare to other ZIPs in California?

ZIP 94002 is one of the pricier ZIP codes in California, ranking #182 out of 897 ZIPs tracked at $3,524/mo.

How much income do you need to rent in ZIP 94002?

To keep rent at or below 30% of gross income, you would need to earn at least $141,000/year (~$68/hour full-time) to afford the median rent of $3,524/mo in ZIP 94002. The local median household income is $203,965/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 94002?

Rent in ZIP 94002 has increased 15.2% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 94002 an affordable place to rent?

ZIP 94002 is considered very affordable for renters. At $3,524/mo, rent takes approximately 21% of the local median household income ($203,965/yr). The standard benchmark is 30%. ZIP 94002 falls comfortably within that range.

What percentage of ZIP 94002 residents rent vs. own?

According to Census data, approximately 45% of ZIP 94002 households are renters, while 55% are owner-occupied. ZIP 94002 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 94002 compare to the rest of Belmont?

ZIP 94002 is more affordable than Belmont overall. At $3,524/mo, it's $26 below the Belmont citywide median of $3,550/mo.

When was rent data for ZIP 94002 last updated?

Rent data for ZIP 94002 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $3,524/mo, rent takes ~21% of ZIP 94002's median household income ($203,965/yr). The standard benchmark is 30%.

ZIP 94002 21%Benchmark 30%
State income tax1–13.3%
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