ZIP Code · CA

ZIP 94065

Part of Redwood City, CA

Pop. 11,673·San Mateo County·108th most expensive ZIP in California

Median rent (all units)

$3,986/mo

Year-over-Year

+10.1%

Month-over-Month

+0.6%

vs US Median

+$2,054

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 94065 · $3,986

More expensive than 97% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$3,020

1 BR

$3,620

2 BR

$4,380

3 BR

$5,600

4 BR+

$5,800

Research median

$4,380/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

January. Asking rents in ZIP 94065 usually run 3% below trend in January and 2.8% above it in August, about $231 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 94065 is at its highest level since Zillow's records here began in October 2020.

Past year vs. the rest of California

Rent in ZIP 94065 changed +10.1% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

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 ($215,955) is $5,399 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($4,380); a 3-bedroom is $5,600.

Rank in Redwood City

2nd cheapest of 3 ZIP codes in Redwood City.

Cheaper nearby

ZIP 94555, 8 miles away, rents for 11% less ($3,542/mo), about $5,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 94065. 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

$47,832/yr

At $3,986/mo median

Location

CityRedwood City

StateCA

CountySan Mateo County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 10.1% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+10.1% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 94065 (Redwood City, CA) is majority owner-occupied, has a median income above the national average, 82.2% of residents hold a bachelor's degree or higher.

Population

11,673

Median income

$215,955

Median age

Renters

34.1%

Age distribution

23.4%

15.9%

32%

14.1%

14.6%

Under 1823.4%

18–3415.9%

35–5432%

55–6414.1%

65+14.6%

Gender

47.7%

52.3%

Male47.7%

Female52.3%

Race & ethnicity

41.1%

47.3%

White41.1%

Black0.6%

Hispanic5.5%

Asian47.3%

Other5.6%

Education (25+)

82.2%

No HS diploma1.7%

HS diploma5.7%

Some college10.3%

Bachelor's+82.2%

Housing tenure

65.9%

34.1%

Owner65.9%

Renter34.1%

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

2021 vs 2026

How ZIP 94065 in Redwood City, CA has changed in 5 years

Rent

$2,794 → $3,986

up 42.7%

Income

$181,975 → $215,955

up 18.7%

Population

11,772 → 11,673

down 0.8%

Renter share

37.3% → 34.1%

-3.2 pts

Bachelor's+

80.1% → 82.2%

+2.1 pts

Median age

42.5 → 43

+0.5 yrs

Across the past five years, the going rent in ZIP 94065 in Redwood City, CA has shifted from $2,794 to $3,986, up 42.7% since 2021. Local incomes tracked alongside that move, going from a median of $181,975 in 2021 to $215,955 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has eased from 37.3% to 34.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 80.1% to 82.2% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 94065 in Redwood City, CA market of 2021.

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About renting in ZIP 94065

Last updated: October 17, 2026

ZIP code 94065 covers Redwood City, CA. The median rent here is $3,986/mo as of October 2026. A 1-bedroom rents for a median of $3,620/mo. A 2-bedroom rents for a median of $4,380/mo.

At 22% of local median household income ($215,955/yr), ZIP 94065 ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 94065?

To keep rent at or below 30% of gross income, you would need to earn at least $159,000/year (about $76/hour full-time) to afford the median rent of $3,986/mo in ZIP 94065. The local median household income is $215,955/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 94065?

Rent in ZIP 94065 has risen 10.1% over the past year as of September 2026. That is the highest level since Zillow's records here began in October 2020.

When is the cheapest time to rent in ZIP 94065?

Asking rents in ZIP 94065 are usually lowest in January, about 3% below their yearly trend, and highest in August, about 2.8% above it. At today's median that is a gap of roughly $231 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 94065 compare to other ZIPs in California?

ZIP 94065 is one of the pricier among California ZIP codes for rent, ranking #108 of 898 at $3,986/mo. Over the year to September 2026, rent in ZIP 94065 changed +10.1%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.