ZIP Code · CA

ZIP 94131

Pop. 28,504·San Francisco County·36th most expensive ZIP in California
Median rent (all units)
$5,022/mo
Year-over-Year
+32.5%
Month-over-Month
+2.9%
vs US Median
+$3,090
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 94131 · $5,022
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
$2,720
1 BR
$3,260
2 BR
$3,950
3 BR
$5,050
4 BR+
$5,230
Research median
$3,950/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

January. Asking rents in ZIP 94131 usually run 1.4% below trend in January and 1.6% above it in July, about $151 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 94131 is at its highest level since Zillow's records here began in January 2019.

Past year vs. the rest of California

Rent in ZIP 94131 changed +32.5% 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 94131 rose 6.2% while median household income rose 31.4% ($151,607 to $199,211). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 94131 is 57% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 14 months in a row, and rose in 12 of the last 12 months.

What a typical income covers

30% of the median household income ($199,211) is $4,980 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,950); a 3-bedroom is $5,050.

Rank in San Francisco

15th cheapest of 22 ZIP codes in San Francisco.

Cheaper nearby

ZIP 94112, 2 miles away, rents for 19% less ($4,080/mo), about $11,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 94131. 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
$60,264/yr
At $5,022/mo median
Location
StateCA
CountySan Francisco County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 32.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+32.5% YoY, +2.9% MoM), not inventory.
Demographics

Who lives here

ZIP 94131 (San Francisco, CA) is roughly split between renters and owners, has a median income above the national average, 76.6% of residents hold a bachelor's degree or higher.

Population
28,504
Median income
$199,211
Median age
39.9
Renters
46%
Age distribution
16.2%
21.6%
32.1%
13.1%
16.9%
Under 1816.2%
18–3421.6%
35–5432.1%
55–6413.1%
65+16.9%
Gender
51.2%
48.8%
Male51.2%
Female48.8%
Race & ethnicity
54.5%
13.8%
23%
White54.5%
Black3.6%
Hispanic13.8%
Asian23%
Other5.1%
Education (25+)
14.5%
76.6%
No HS diploma2.8%
HS diploma6.1%
Some college14.5%
Bachelor's+76.6%
Housing tenure
54%
46%
Owner54%
Renter46%

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

2021 vs 2026

How ZIP 94131 in San Francisco, CA has changed in 5 years

Rent
$3,042 → $5,022
up 65.1%
Income
$181,329 → $199,211
up 9.9%
Population
29,437 → 28,504
down 3.2%
Renter share
45.9% → 46%
+0.1 pts
Bachelor's+
78.6% → 76.6%
-2.0 pts
Median age
41 → 39.9
-1.1 yrs

Five years ago, renters in ZIP 94131 in San Francisco, CA paid around $3,042 a month. That figure now sits near $5,022, up 65.1% from the 2021 baseline. Household income in the area moved from $181,329 to $199,211 across the same window, up 9.9% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 94131 in San Francisco, CA losing about 933 residents over the five-year window, down 3.2% on net. Bachelor's-degree-or-higher attainment moved from 78.6% to 76.6% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 94131 in San Francisco, CA look reasonable against where the market sat half a decade ago.

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Local insights

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About renting in ZIP 94131

Last updated: October 17, 2026

ZIP code 94131 covers San Francisco, CA. The median rent here is $5,022/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 30% of local median household income ($199,211/yr), ZIP 94131 ranks as moderate compared to the national benchmark of 30%. Rents have increased 32.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 94131?

To keep rent at or below 30% of gross income, you would need to earn at least $201,000/year (about $97/hour full-time) to afford the median rent of $5,022/mo in ZIP 94131. The local median household income is $199,211/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 94131?

Rent in ZIP 94131 has risen 32.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2019.

When is the cheapest time to rent in ZIP 94131?

Asking rents in ZIP 94131 are usually lowest in January, about 1.4% below their yearly trend, and highest in July, about 1.6% above it. At today's median that is a gap of roughly $151 a month. This pattern comes from 7 years of Zillow rent data.

Has rent outpaced income in ZIP 94131?

No. From 2019 to 2024, rent in ZIP 94131 rose 6.2% while median household income rose 31.4%, from $151,607 to $199,211. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 94131 compare to other ZIPs in California?

ZIP 94131 is one of the pricier among California ZIP codes for rent, ranking #36 of 898 at $5,022/mo. Over the year to September 2026, rent in ZIP 94131 changed +32.5%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.

How does ZIP 94131 compare to the rest of San Francisco?

At $5,022/mo, ZIP 94131 is $238 above the San Francisco citywide median of $4,784/mo. It is the 15th cheapest of 22 ZIP codes in San Francisco.
Income Affordability
30%
MODERATE

At $5,022/mo, rent takes ~30% of ZIP 94131's median household income ($199,211/yr). The standard benchmark is 30%.

ZIP 94131 30%Benchmark 30%
State income tax1–13.3%
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Public schools near ZIP 94131 (San Francisco, CA)

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