ZIP Code · CA

ZIP 94063

Part of Redwood City, CA

Pop. 34,433·San Mateo County·46th most expensive ZIP in California

Median rent (all units)

$4,678/mo

Year-over-Year

+10.7%

Month-over-Month

+0.8%

vs US Median

+$2,746

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 94063 · $4,678

More expensive than 99% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,550

1 BR

$3,060

2 BR

$3,700

3 BR

$4,730

4 BR+

$4,900

Research median

$3,700/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 94063 usually run 2.2% below trend in December and 2.3% above it in July, about $211 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 94063 is at its highest level since Zillow's records here began in June 2018.

Past year vs. the rest of California

Rent in ZIP 94063 changed +10.7% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Since before the pandemic

Rent in ZIP 94063 is 13.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 9 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($116,760) is $2,919 a month. That covers HUD's Fair Market Rent for up to a studio ($2,550); a 1-bedroom is $3,060.

Rank in Redwood City

3rd cheapest of 3 ZIP codes in Redwood City.

Cheaper nearby

ZIP 94061, 3 miles away, rents for 18% less ($3,820/mo), about $10,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 94063. 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

$56,136/yr

At $4,678/mo median

Location

CityRedwood City

StateCA

CountySan Mateo County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 10.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+10.7% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 94063 (Redwood City, CA) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 34.8% of residents hold a bachelor's degree or higher.

Population

34,433

Median income

$116,760

Median age

33.4

Renters

68.7%

Age distribution

21.6%

31.7%

26.6%

Under 1821.6%

18–3431.7%

35–5426.6%

55–649.2%

65+10.9%

Gender

51.5%

48.5%

Male51.5%

Female48.5%

Race & ethnicity

22.8%

64.8%

White22.8%

Black2.6%

Hispanic64.8%

Asian11.1%

Education (25+)

26.3%

19.7%

19.2%

34.8%

No HS diploma26.3%

HS diploma19.7%

Some college19.2%

Bachelor's+34.8%

Housing tenure

31.3%

68.7%

Owner31.3%

Renter68.7%

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

2021 vs 2026

How ZIP 94063 in Redwood City, CA has changed in 5 years

Rent

$3,397 → $4,678

up 37.7%

Income

$94,028 → $116,760

up 24.2%

Population

35,163 → 34,433

down 2.1%

Renter share

67.3% → 68.7%

+1.4 pts

Bachelor's+

34.5% → 34.8%

+0.3 pts

The median rent in ZIP 94063 in Redwood City, CA stood at $3,397 in 2021 and currently runs about $4,678, reflecting a 37.7% increase over the period. Household income in the area moved from $94,028 to $116,760 across the same window, up 24.2% 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 2.1% since 2021, moving from about 35,163 residents to roughly 34,433. Reading these numbers side by side helps frame whether current listings in ZIP 94063 in Redwood City, CA look reasonable against where the market sat half a decade ago.

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Local insights

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About renting in ZIP 94063

Last updated: October 17, 2026

ZIP code 94063 covers Redwood City, CA. The median rent here is $4,678/mo as of October 2026. A 1-bedroom rents for a median of $3,060/mo. A 2-bedroom rents for a median of $3,700/mo.

At 48% of local median household income ($116,760/yr), ZIP 94063 ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 94063?

To keep rent at or below 30% of gross income, you would need to earn at least $187,000/year (about $90/hour full-time) to afford the median rent of $4,678/mo in ZIP 94063. The local median household income is $116,760/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 94063?

Rent in ZIP 94063 has risen 10.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in June 2018.

When is the cheapest time to rent in ZIP 94063?

Asking rents in ZIP 94063 are usually lowest in December, about 2.2% below their yearly trend, and highest in July, about 2.3% above it. At today's median that is a gap of roughly $211 a month. This pattern comes from 7 years of Zillow rent data.

How does ZIP 94063 compare to other ZIPs in California?

ZIP 94063 is one of the pricier among California ZIP codes for rent, ranking #46 of 898 at $4,678/mo. Over the year to September 2026, rent in ZIP 94063 changed +10.7%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.