ZIP 94070
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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 94070 usually run 1.1% below trend in December and 1.5% above it in July, about $113 a month apart at today's median. Based on 7 years of data.
Rent in ZIP 94070 is at its highest level since Zillow's records here began in November 2018.
Rent in ZIP 94070 changed +7.1% 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 94070 rose 10.2% while median household income rose 29.4% ($185,459 to $240,074). Income kept ahead of rent.
Rent in ZIP 94070 is 24.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($240,074) is $6,002 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($5,230).
ZIP 94002, 2 miles away, rents for 13% less ($3,789/mo), about $6,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 94070. 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 94070 (San Carlos, CA) is majority owner-occupied, has a median income above the national average, 70.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 94070 in San Carlos, CA has changed in 5 years
Compared with 2021, rent in ZIP 94070 in San Carlos, CA has increased by $1,137 per month, settling near $4,365 after starting the period at $3,228. On the earnings side, the typical household in ZIP 94070 in San Carlos, CA now reports about $240,074, up from $205,912 in 2021. Rent outpaced income growth by roughly 18.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 31,477 to 30,447 between 2021 and 2024, a 3.3% change. About 31.4% of households rent today, against 29.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 68% to 70.5%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 94070 in San Carlos, CA reflects that arc in its own way.
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Tips for renters in ZIP 94070
Last updated: October 17, 2026
ZIP code 94070 covers San Carlos, CA. The median rent here is $4,365/mo as of October 2026. A 1-bedroom rents for a median of $3,260/mo. A 2-bedroom rents for a median of $3,950/mo.
At 22% of local median household income ($240,074/yr), ZIP 94070 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.1% over the past year.
Frequently asked questions
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How does ZIP 94070 compare to other ZIPs in California?
How does ZIP 94070 compare to the rest of San Carlos?
At $4,365/mo, rent takes ~22% of ZIP 94070's median household income ($240,074/yr). The standard benchmark is 30%.
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