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ZIP Code · CA

ZIP 94123

Pop. 24,054·San Francisco County·36th most expensive ZIP in California
Median rent (all units)
$4,858/mo
Year-over-Year
+37.1%
Month-over-Month
+5.8%
vs US Median
+$2,893
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 94123 · $4,858
More expensive than 99% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$3,160
1 BR
$3,780
2 BR
$4,580
3 BR
$5,850
4 BR+
$6,060
Research median
$4,580/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: July 20, 2026

Annual cost
$58,296/yr
At $4,858/mo median
Location
StateCA
CountySan Francisco County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 37.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+37.1% YoY, +5.8% MoM), not inventory.
Demographics

Who lives here

ZIP 94123 (San Francisco, CA) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 83.9% of residents hold a bachelor's degree or higher.

Population
24,054
Median income
$218,603
Median age
32.9
Renters
69.6%
Age distribution
13.7%
42.2%
23.8%
Under 1813.7%
18–3442.2%
35–5423.8%
55–648.7%
65+11.6%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
76%
White76%
Hispanic8.1%
Asian10.8%
Other4.7%
Education (25+)
83.9%
No HS diploma3%
HS diploma3.8%
Some college9.3%
Bachelor's+83.9%
Housing tenure
30.4%
69.6%
Owner30.4%
Renter69.6%

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

2021 vs 2026

How ZIP 94123 in San Francisco, CA has changed in 5 years

Rent
$2,810 → $4,858
up 72.9%
Income
$194,098 → $218,603
up 12.6%
Population
26,002 → 24,054
down 7.5%
Renter share
71.4% → 69.6%
-1.8 pts
Bachelor's+
86.5% → 83.9%
-2.6 pts
Median age
33.6 → 32.9
-0.7 yrs

Across the past five years, the going rent in ZIP 94123 in San Francisco, CA has shifted from $2,810 to $4,858, up 72.9% since 2021. Local incomes tracked alongside that move, going from a median of $194,098 in 2021 to $218,603 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 94123 in San Francisco, CA losing about 1,948 residents over the five-year window, down 7.5% on net. The renter share has eased from 71.4% to 69.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 86.5% to 83.9% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 94123 in San Francisco, CA market of 2021.

Community

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Local insights

Tips for renters in ZIP 94123

About renting in ZIP 94123

Last updated: July 20, 2026

ZIP code 94123 covers San Francisco, CA. The median rent here is $4,858/mo as of July 2026. A 1-bedroom rents for a median of $3,780/mo. A 2-bedroom rents for a median of $4,580/mo.

At 27% of local median household income ($218,603/yr), ZIP 94123 ranks as affordable compared to the national benchmark of 30%. Rents have increased 37.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 94123?

As of July 20, 2026, the median monthly rent in ZIP 94123 (San Francisco, CA) is $4,858. This is based on aggregated data from public sources and community submissions.

How does ZIP 94123 rent compare to the US average?

ZIP 94123's median rent of $4,858/mo is $2,893 (147%) above the US national median of $1,965/mo.

How does ZIP 94123 compare to other ZIPs in California?

ZIP 94123 is one of the pricier ZIP codes in California, ranking #36 out of 907 ZIPs tracked at $4,858/mo.

How much income do you need to rent in ZIP 94123?

To keep rent at or below 30% of gross income, you would need to earn at least $194,000/year (~$93/hour full-time) to afford the median rent of $4,858/mo in ZIP 94123. The local median household income is $218,603/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 94123?

Rent in ZIP 94123 has increased 37.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 94123 an affordable place to rent?

ZIP 94123 is considered affordable for renters. At $4,858/mo, rent takes approximately 27% of the local median household income ($218,603/yr). The standard benchmark is 30%. ZIP 94123 falls comfortably within that range.

What percentage of ZIP 94123 residents rent vs. own?

According to Census data, approximately 69.6% of ZIP 94123 households are renters, while 30.4% are owner-occupied. With a majority renter population, ZIP 94123 has a strong rental market.

How does ZIP 94123 compare to the rest of San Francisco?

ZIP 94123 is pricier than San Francisco as a whole. At $4,858/mo, it's $457 above the San Francisco citywide median of $4,401/mo.

When was rent data for ZIP 94123 last updated?

Rent data for ZIP 94123 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $4,858/mo, rent takes ~27% of ZIP 94123's median household income ($218,603/yr). The standard benchmark is 30%.

ZIP 94123 27%Benchmark 30%
State income tax1–13.3%
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Schools nearby

Public schools near ZIP 94123 (San Francisco, CA)

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