ZIP Code · CA

ZIP 94087

Pop. 57,767·Santa Clara County·142nd most expensive ZIP in California
Median rent (all units)
$3,694/mo
Year-over-Year
+8.3%
Month-over-Month
+1.2%
vs US Median
+$1,762
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 94087 · $3,694
More expensive than 96% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$3,090
1 BR
$3,520
2 BR
$4,110
3 BR
$5,430
4 BR+
$5,910
Research median
$4,110/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 94087 usually run 1.6% below trend in December and 1.3% above it in July, about $107 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 94087 is at its highest level since Zillow's records here began in October 2016.

Past year vs. the rest of California

Rent in ZIP 94087 changed +8.3% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 94087 rose 9.8% while median household income rose 29.1% ($160,907 to $207,742). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 94087 is 23.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 10 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($207,742) is $5,194 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($4,110); a 3-bedroom is $5,430.

Rank in Sunnyvale

1st cheapest of 4 ZIP codes in Sunnyvale.

Cheaper nearby

ZIP 95129, 4 miles away, rents for 16% less ($3,121/mo), about $6,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 94087. 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
$44,328/yr
At $3,694/mo median
Location
StateCA
CountySanta Clara County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.3% YoY, +1.2% MoM), not inventory.
Demographics

Who lives here

ZIP 94087 (Sunnyvale, CA) is majority owner-occupied, has a median income above the national average, 77.7% of residents hold a bachelor's degree or higher.

Population
57,767
Median income
$207,742
Median age
37.9
Renters
44.2%
Age distribution
24.4%
19.7%
29.5%
15.4%
Under 1824.4%
18–3419.7%
35–5429.5%
55–6410.9%
65+15.4%
Gender
50.9%
49.1%
Male50.9%
Female49.1%
Race & ethnicity
33.4%
52%
White33.4%
Black1.5%
Hispanic7.7%
Asian52%
Other5.3%
Education (25+)
13.2%
77.7%
No HS diploma2.4%
HS diploma6.7%
Some college13.2%
Bachelor's+77.7%
Housing tenure
55.8%
44.2%
Owner55.8%
Renter44.2%

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

2021 vs 2026

How ZIP 94087 in Sunnyvale, CA has changed in 5 years

Rent
$2,675 → $3,694
up 38.1%
Income
$178,128 → $207,742
up 16.6%
Population
59,771 → 57,767
down 3.4%
Renter share
43.9% → 44.2%
+0.3 pts
Bachelor's+
73.7% → 77.7%
+4.0 pts

Across the past five years, the going rent in ZIP 94087 in Sunnyvale, CA has shifted from $2,675 to $3,694, up 38.1% since 2021. Median household income climbed from $178,128 to $207,742 between 2021 and 2024, a 16.6% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 94087 in Sunnyvale, CA losing about 2,004 residents over the five-year window, down 3.4% on net. Bachelor's-degree-or-higher attainment moved from 73.7% to 77.7% across the same window. Taken together, the five-year picture in ZIP 94087 in Sunnyvale, 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.

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Local insights

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About renting in ZIP 94087

Last updated: October 17, 2026

ZIP code 94087 covers Sunnyvale, CA. The median rent here is $3,694/mo as of October 2026. A 1-bedroom rents for a median of $3,520/mo. A 2-bedroom rents for a median of $4,110/mo.

At 21% of local median household income ($207,742/yr), ZIP 94087 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 94087?

To keep rent at or below 30% of gross income, you would need to earn at least $148,000/year (about $71/hour full-time) to afford the median rent of $3,694/mo in ZIP 94087. The local median household income is $207,742/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 94087?

Rent in ZIP 94087 has risen 8.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in October 2016.

When is the cheapest time to rent in ZIP 94087?

Asking rents in ZIP 94087 are usually lowest in December, about 1.6% below their yearly trend, and highest in July, about 1.3% above it. At today's median that is a gap of roughly $107 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 94087?

No. From 2019 to 2024, rent in ZIP 94087 rose 9.8% while median household income rose 29.1%, from $160,907 to $207,742. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 94087 compare to other ZIPs in California?

ZIP 94087 is one of the pricier among California ZIP codes for rent, ranking #142 of 898 at $3,694/mo. Over the year to September 2026, rent in ZIP 94087 changed +8.3%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.

How does ZIP 94087 compare to the rest of Sunnyvale?

At $3,694/mo, ZIP 94087 is $278 below the Sunnyvale citywide median of $3,972/mo. It is the 1st cheapest of 4 ZIP codes in Sunnyvale.
Income Affordability
21%
VERY AFFORDABLE

At $3,694/mo, rent takes ~21% of ZIP 94087's median household income ($207,742/yr). The standard benchmark is 30%.

ZIP 94087 21%Benchmark 30%
State income tax1–13.3%
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