ZIP Code · CA

ZIP 94115

Pop. 32,629·San Francisco County·41st most expensive ZIP in California
Median rent (all units)
$4,892/mo
Year-over-Year
+30.3%
Month-over-Month
+3.3%
vs US Median
+$2,960
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 94115 · $4,892
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
$2,840
1 BR
$3,400
2 BR
$4,120
3 BR
$5,260
4 BR+
$5,450
Research median
$4,120/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 94115 usually run 1.6% below trend in December and 1.5% above it in August, about $152 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 94115 is at its highest level since Zillow's records here began in January 2016.

Past year vs. the rest of California

Rent in ZIP 94115 changed +30.3% 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 94115 rose -0.6% while median household income rose 23.2% ($123,037 to $151,524). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 94115 is 45.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 26 months in a row, and rose in 12 of the last 12 months.

What a typical income covers

30% of the median household income ($151,524) is $3,788 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($3,400); a 2-bedroom is $4,120.

Rank in San Francisco

12th cheapest of 22 ZIP codes in San Francisco.

Cheaper nearby

ZIP 94109, 1 mile away, rents for 15% less ($4,154/mo), about $8,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 94115. 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
$58,704/yr
At $4,892/mo median
Location
StateCA
CountySan Francisco County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 30.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+30.3% YoY, +3.3% MoM), not inventory.
Demographics

Who lives here

ZIP 94115 (San Francisco, CA) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 74.2% of residents hold a bachelor's degree or higher.

Population
32,629
Median income
$151,524
Median age
37.1
Renters
74.4%
Age distribution
35%
25.3%
20.5%
Under 1810.1%
18–3435%
35–5425.3%
55–649.1%
65+20.5%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
51.3%
22.6%
White51.3%
Black9.6%
Hispanic10.6%
Asian22.6%
Other5.9%
Education (25+)
13.8%
74.2%
No HS diploma4.3%
HS diploma7.7%
Some college13.8%
Bachelor's+74.2%
Housing tenure
25.6%
74.4%
Owner25.6%
Renter74.4%

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

2021 vs 2026

How ZIP 94115 in San Francisco, CA has changed in 5 years

Rent
$2,851 → $4,892
up 71.6%
Income
$138,023 → $151,524
up 9.8%
Population
34,193 → 32,629
down 4.6%
Renter share
73.8% → 74.4%
+0.6 pts
Bachelor's+
72.4% → 74.2%
+1.8 pts

Five years ago, renters in ZIP 94115 in San Francisco, CA paid around $2,851 a month. That figure now sits near $4,892, up 71.6% from the 2021 baseline. Median household income climbed from $138,023 to $151,524 between 2021 and 2024, a 9.8% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 94115 in San Francisco, CA losing about 1,564 residents over the five-year window, down 4.6% on net. Taken together, the five-year picture in ZIP 94115 in San Francisco, 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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About renting in ZIP 94115

Last updated: October 17, 2026

ZIP code 94115 covers San Francisco, CA. The median rent here is $4,892/mo as of October 2026. A 1-bedroom rents for a median of $3,400/mo. A 2-bedroom rents for a median of $4,120/mo.

At 39% of local median household income ($151,524/yr), ZIP 94115 ranks as moderate compared to the national benchmark of 30%. Rents have increased 30.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 94115?

To keep rent at or below 30% of gross income, you would need to earn at least $196,000/year (about $94/hour full-time) to afford the median rent of $4,892/mo in ZIP 94115. The local median household income is $151,524/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 94115?

Rent in ZIP 94115 has risen 30.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2016.

When is the cheapest time to rent in ZIP 94115?

Asking rents in ZIP 94115 are usually lowest in December, about 1.6% below their yearly trend, and highest in August, about 1.5% above it. At today's median that is a gap of roughly $152 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 94115?

No. From 2019 to 2024, rent in ZIP 94115 rose -0.6% while median household income rose 23.2%, from $123,037 to $151,524. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 94115 compare to other ZIPs in California?

ZIP 94115 is one of the pricier among California ZIP codes for rent, ranking #41 of 898 at $4,892/mo. Over the year to September 2026, rent in ZIP 94115 changed +30.3%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.

How does ZIP 94115 compare to the rest of San Francisco?

At $4,892/mo, ZIP 94115 is $108 above the San Francisco citywide median of $4,784/mo. It is the 12th cheapest of 22 ZIP codes in San Francisco.
Income Affordability
39%
MODERATE

At $4,892/mo, rent takes ~39% of ZIP 94115's median household income ($151,524/yr). The standard benchmark is 30%.

ZIP 94115 39%Benchmark 30%
State income tax1–13.3%
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