ZIP 94040
Is your rent fair?
Compare your rent to the local median.
Rent by unit size
Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 94040 usually run 2.3% below trend in December and 1.9% above it in July, about $186 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 94040 is at its highest level since Zillow's records here began in May 2017.
Rent in ZIP 94040 changed +11.0% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.
From 2019 to 2024, rent in ZIP 94040 rose 4% while median household income rose 34.8% ($139,278 to $187,781). Income kept ahead of rent.
Rent in ZIP 94040 is 19.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 14 months in a row, and rose in 12 of the last 12 months.
30% of the median household income ($187,781) is $4,695 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($4,250); a 3-bedroom is $5,620.
1st cheapest of 3 ZIP codes in Mountain View.
ZIP 94087, 3 miles away, rents for 17% less ($3,694/mo), about $9,000 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 94040. 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.
Who lives here
ZIP 94040 (Mountain View, CA) is majority renter-occupied, has a median income above the national average, 78.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 94040 in Mountain View, CA has changed in 5 years
Across the past five years, the going rent in ZIP 94040 in Mountain View, CA has shifted from $3,150 to $4,440, up 41.0% since 2021. Median household income climbed from $153,275 to $187,781 between 2021 and 2024, a 22.5% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Bachelor's-degree-or-higher attainment moved from 73.7% to 78.3% across the same window. Taken together, the five-year picture in ZIP 94040 in Mountain View, CA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
Discussions about ZIP 94040
No discussions yet. Start the conversation.
Tips for renters in ZIP 94040
Last updated: October 17, 2026
ZIP code 94040 covers Mountain View, CA. The median rent here is $4,440/mo as of October 2026. A 1-bedroom rents for a median of $3,640/mo. A 2-bedroom rents for a median of $4,250/mo.
At 28% of local median household income ($187,781/yr), ZIP 94040 ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.0% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 94040?
Is rent going up or down in ZIP 94040?
When is the cheapest time to rent in ZIP 94040?
Has rent outpaced income in ZIP 94040?
How does ZIP 94040 compare to other ZIPs in California?
How does ZIP 94040 compare to the rest of Mountain View?
At $4,440/mo, rent takes ~28% of ZIP 94040's median household income ($187,781/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Be the first to submit your rent for this ZIP.
No discussions yet.