ZIP 94061
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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
February. Asking rents in ZIP 94061 usually run 1.3% below trend in February and 0.9% above it in August, about $84 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 94061 is at its highest level since Zillow's records here began in June 2017.
Rent in ZIP 94061 changed +6.5% 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 94061 rose 10.5% while median household income rose 29.9% ($112,609 to $146,265). Income kept ahead of rent.
Rent in ZIP 94061 is 18.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 18 months in a row, and rose in 12 of the last 12 months.
30% of the median household income ($146,265) is $3,657 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($3,140); a 2-bedroom is $3,800.
1st cheapest of 3 ZIP codes in Redwood City.
From Zillow's monthly rent index (ZORI) for ZIP 94061. 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 94061 (Redwood City, CA) is roughly split between renters and owners, has a median income above the national average, 50.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 94061 in Redwood City, CA has changed in 5 years
Across the past five years, the going rent in ZIP 94061 in Redwood City, CA has shifted from $2,952 to $3,820, up 29.4% since 2021. Census figures show median household income at $146,265 today, compared with $131,140 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 94061 in Redwood City, CA losing about 1,207 residents over the five-year window, down 3.2% on net. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 94061
Last updated: October 17, 2026
ZIP code 94061 covers Redwood City, CA. The median rent here is $3,820/mo as of October 2026. A 1-bedroom rents for a median of $3,140/mo. A 2-bedroom rents for a median of $3,800/mo.
At 31% of local median household income ($146,265/yr), ZIP 94061 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.5% over the past year.
Frequently asked questions
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How does ZIP 94061 compare to other ZIPs in California?
How does ZIP 94061 compare to the rest of Redwood City?
At $3,820/mo, rent takes ~31% of ZIP 94061's median household income ($146,265/yr). The standard benchmark is 30%.
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