ZIP Code · CA

ZIP 94118

Pop. 39,130·San Francisco County·47th most expensive ZIP in California
Median rent (all units)
$4,672/mo
Year-over-Year
+22.8%
Month-over-Month
+2.4%
vs US Median
+$2,740
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 94118 · $4,672
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
$2,280
1 BR
$2,730
2 BR
$3,300
3 BR
$4,220
4 BR+
$4,370
Research median
$3,300/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 94118 usually run 1.6% below trend in December and 1.7% above it in August, about $154 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 94118 is at its highest level since Zillow's records here began in June 2016.

Past year vs. the rest of California

Rent in ZIP 94118 changed +22.8% 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 94118 rose 3.7% while median household income rose 34.8% ($121,644 to $163,995). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 94118 is 40.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 25 months in a row, and rose in 12 of the last 12 months.

What a typical income covers

30% of the median household income ($163,995) is $4,100 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,300); a 3-bedroom is $4,220.

Rank in San Francisco

10th cheapest of 22 ZIP codes in San Francisco.

Cheaper nearby

ZIP 94102, 2 miles away, rents for 19% less ($3,768/mo), about $10,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 94118. 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
$56,064/yr
At $4,672/mo median
Location
StateCA
CountySan Francisco County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 22.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+22.8% YoY, +2.4% MoM), not inventory.
Demographics

Who lives here

ZIP 94118 (San Francisco, CA) is majority renter-occupied, has a median income above the national average, 73.5% of residents hold a bachelor's degree or higher.

Population
39,130
Median income
$163,995
Median age
38.8
Renters
64.9%
Age distribution
14.3%
29.4%
28.4%
17.1%
Under 1814.3%
18–3429.4%
35–5428.4%
55–6410.8%
65+17.1%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
51.6%
32%
White51.6%
Black1.7%
Hispanic10.1%
Asian32%
Other4.6%
Education (25+)
14.4%
73.5%
No HS diploma6.2%
HS diploma5.8%
Some college14.4%
Bachelor's+73.5%
Housing tenure
35.1%
64.9%
Owner35.1%
Renter64.9%

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

2021 vs 2026

How ZIP 94118 in San Francisco, CA has changed in 5 years

Rent
$3,016 → $4,672
up 54.9%
Income
$139,043 → $163,995
up 17.9%
Population
41,456 → 39,130
down 5.6%
Renter share
64.4% → 64.9%
+0.5 pts
Bachelor's+
73.1% → 73.5%
+0.4 pts
Median age
36.9 → 38.8
+1.9 yrs

The median rent in ZIP 94118 in San Francisco, CA stood at $3,016 in 2021 and currently runs about $4,672, reflecting a 54.9% increase over the period. Census figures show median household income at $163,995 today, compared with $139,043 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 5.6% since 2021, moving from about 41,456 residents to roughly 39,130. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 94118

Last updated: October 17, 2026

ZIP code 94118 covers San Francisco, CA. The median rent here is $4,672/mo as of October 2026. A 1-bedroom rents for a median of $2,730/mo. A 2-bedroom rents for a median of $3,300/mo.

At 34% of local median household income ($163,995/yr), ZIP 94118 ranks as moderate compared to the national benchmark of 30%. Rents have increased 22.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 94118?

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 $4,672/mo in ZIP 94118. The local median household income is $163,995/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 94118?

Rent in ZIP 94118 has risen 22.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in June 2016.

When is the cheapest time to rent in ZIP 94118?

Asking rents in ZIP 94118 are usually lowest in December, about 1.6% below their yearly trend, and highest in August, about 1.7% above it. At today's median that is a gap of roughly $154 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 94118?

No. From 2019 to 2024, rent in ZIP 94118 rose 3.7% while median household income rose 34.8%, from $121,644 to $163,995. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 94118 compare to other ZIPs in California?

ZIP 94118 is one of the pricier among California ZIP codes for rent, ranking #47 of 898 at $4,672/mo. Over the year to September 2026, rent in ZIP 94118 changed +22.8%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.

How does ZIP 94118 compare to the rest of San Francisco?

At $4,672/mo, ZIP 94118 is $112 below the San Francisco citywide median of $4,784/mo. It is the 10th cheapest of 22 ZIP codes in San Francisco.
Income Affordability
34%
MODERATE

At $4,672/mo, rent takes ~34% of ZIP 94118's median household income ($163,995/yr). The standard benchmark is 30%.

ZIP 94118 34%Benchmark 30%
State income tax1–13.3%
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