ZIP Code · CA

ZIP 94010

Pop. 43,025·San Mateo County·85th most expensive ZIP in California
Median rent (all units)
$4,144/mo
Year-over-Year
+13.2%
Month-over-Month
+1.9%
vs US Median
+$2,212
Reported rents
Rising (Monthly)
Be the first to discuss 94010 rents ↓
Most AffordableMost Expensive
ZIP 94010 · $4,144
More expensive than 98% of US ZIP codes · National median $1,932/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$2,520
1 BR
$3,020
2 BR
$3,660
3 BR
$4,680
4 BR+
$4,850
Research median
$3,660/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 94010 usually run 1.3% below trend in February and 1.2% above it in August, about $104 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 94010 is at its highest level since Zillow's records here began in May 2017.

Past year vs. the rest of California

Rent in ZIP 94010 changed +13.2% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 94010 rose 8.8% while median household income rose 29.2% ($152,388 to $196,882). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 94010 is 26.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 7 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($196,882) is $4,922 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($4,850).

Cheaper nearby

ZIP 94401, 3 miles away, rents for 11% less ($3,671/mo), about $5,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 94010. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$49,728/yr
At $4,144/mo median
Location
StateCA
CountySan Mateo County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 13.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+13.2% YoY, +1.9% MoM), not inventory.
Demographics

Who lives here

ZIP 94010 (Hillsborough, CA) is majority owner-occupied, has a median income above the national average, 69.2% of residents hold a bachelor's degree or higher.

Population
43,025
Median income
$196,882
Median age
42.5
Renters
40.4%
Age distribution
23.2%
15.3%
30.6%
13%
17.8%
Under 1823.2%
18–3415.3%
35–5430.6%
55–6413%
65+17.8%
Gender
51.1%
48.9%
Male51.1%
Female48.9%
Race & ethnicity
53.6%
30.6%
White53.6%
Black0.9%
Hispanic9.9%
Asian30.6%
Other5.1%
Education (25+)
17.5%
69.2%
No HS diploma4.3%
HS diploma9%
Some college17.5%
Bachelor's+69.2%
Housing tenure
59.6%
40.4%
Owner59.6%
Renter40.4%

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

2021 vs 2026

How ZIP 94010 in Hillsborough, CA has changed in 5 years

Rent
$3,023 → $4,144
up 37.1%
Income
$172,009 → $196,882
up 14.5%
Population
43,644 → 43,025
down 1.4%
Renter share
37.5% → 40.4%
+2.9 pts
Bachelor's+
69.3% → 69.2%
-0.1 pts
Median age
41.8 → 42.5
+0.7 yrs

Since 2021, the typical rent in ZIP 94010 in Hillsborough, CA has climbed from $3,023 to $4,144, a 37.1% change over five years. Household income in the area moved from $172,009 to $196,882 across the same window, up 14.5% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.4% since 2021, moving from about 43,644 residents to roughly 43,025. Renters now make up 40.4% of households, compared with 37.5% five years ago. Reading these numbers side by side helps frame whether current listings in ZIP 94010 in Hillsborough, CA look reasonable against where the market sat half a decade ago.

Community

Discussions about ZIP 94010

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 94010

About renting in ZIP 94010

Last updated: October 17, 2026

ZIP code 94010 covers Hillsborough, CA. The median rent here is $4,144/mo as of October 2026. A 1-bedroom rents for a median of $3,020/mo. A 2-bedroom rents for a median of $3,660/mo.

At 25% of local median household income ($196,882/yr), ZIP 94010 ranks as affordable compared to the national benchmark of 30%. Rents have increased 13.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 94010?

To keep rent at or below 30% of gross income, you would need to earn at least $166,000/year (about $80/hour full-time) to afford the median rent of $4,144/mo in ZIP 94010. The local median household income is $196,882/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 94010?

Rent in ZIP 94010 has risen 13.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2017.

When is the cheapest time to rent in ZIP 94010?

Asking rents in ZIP 94010 are usually lowest in February, about 1.3% below their yearly trend, and highest in August, about 1.2% above it. At today's median that is a gap of roughly $104 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 94010?

No. From 2019 to 2024, rent in ZIP 94010 rose 8.8% while median household income rose 29.2%, from $152,388 to $196,882. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 94010 compare to other ZIPs in California?

ZIP 94010 is one of the pricier among California ZIP codes for rent, ranking #85 of 898 at $4,144/mo. Over the year to September 2026, rent in ZIP 94010 changed +13.2%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.
Income Affordability
25%
AFFORDABLE

At $4,144/mo, rent takes ~25% of ZIP 94010's median household income ($196,882/yr). The standard benchmark is 30%.

ZIP 94010 25%Benchmark 30%
State income tax1–13.3%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 94010 (Hillsborough, CA)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.