ZIP Code · CA

ZIP 94536

Part of Fremont, CA
Pop. 70,619·Alameda County·224th most expensive ZIP in California
Median rent (all units)
$3,353/mo
Year-over-Year
+6.3%
Month-over-Month
+1.0%
vs US Median
+$1,421
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 94536 · $3,353
More expensive than 94% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,640
1 BR
$2,940
2 BR
$3,590
3 BR
$4,590
4 BR+
$5,440
Research median
$3,590/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 94536 usually run 1.2% below trend in December and 1.1% above it in July, about $77 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 94536 is at its highest level since Zillow's records here began in May 2016.

Past year vs. the rest of California

Rent in ZIP 94536 changed +6.3% 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 94536 rose 12.9% while median household income rose 37.8% ($121,696 to $167,662). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 94536 is 20.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 9 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($167,662) is $4,192 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,590); a 3-bedroom is $4,590.

Rank in Fremont

2nd cheapest of 4 ZIP codes in Fremont.

Cheaper nearby

ZIP 94587, 3 miles away, rents for 13% less ($2,913/mo), about $5,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 94536. 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
$40,236/yr
At $3,353/mo median
Location
StateCA
CountyAlameda County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.3% YoY, +1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 94536 (Fremont, CA) is majority owner-occupied, has a median income above the national average, 58.7% of residents hold a bachelor's degree or higher.

Population
70,619
Median income
$167,662
Median age
38.9
Renters
41.4%
Age distribution
21.8%
20.5%
31.7%
14.7%
Under 1821.8%
18–3420.5%
35–5431.7%
55–6411.3%
65+14.7%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
24.4%
17.1%
51.9%
White24.4%
Black3.4%
Hispanic17.1%
Asian51.9%
Other3.3%
Education (25+)
17.2%
18%
58.7%
No HS diploma6.2%
HS diploma17.2%
Some college18%
Bachelor's+58.7%
Housing tenure
58.6%
41.4%
Owner58.6%
Renter41.4%

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

2021 vs 2026

How ZIP 94536 in Fremont, CA has changed in 5 years

Rent
$2,725 → $3,353
up 23.0%
Income
$139,636 → $167,662
up 20.1%
Population
72,744 → 70,619
down 2.9%
Renter share
40.5% → 41.4%
+0.9 pts
Bachelor's+
54.1% → 58.7%
+4.6 pts
Median age
38.3 → 38.9
+0.6 yrs

Five years ago, renters in ZIP 94536 in Fremont, CA paid around $2,725 a month. That figure now sits near $3,353, up 23.0% from the 2021 baseline. Local incomes tracked alongside that move, going from a median of $139,636 in 2021 to $167,662 more recently. Census counts show ZIP 94536 in Fremont, CA losing about 2,125 residents over the five-year window, down 2.9% on net. Bachelor's-degree-or-higher attainment moved from 54.1% to 58.7% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 94536 in Fremont, CA market of 2021.

Community

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Local insights

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About renting in ZIP 94536

Last updated: October 17, 2026

ZIP code 94536 covers Fremont, CA. The median rent here is $3,353/mo as of October 2026. A 1-bedroom rents for a median of $2,940/mo. A 2-bedroom rents for a median of $3,590/mo.

At 24% of local median household income ($167,662/yr), ZIP 94536 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 94536?

To keep rent at or below 30% of gross income, you would need to earn at least $134,000/year (about $64/hour full-time) to afford the median rent of $3,353/mo in ZIP 94536. The local median household income is $167,662/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 94536?

Rent in ZIP 94536 has risen 6.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2016.

When is the cheapest time to rent in ZIP 94536?

Asking rents in ZIP 94536 are usually lowest in December, about 1.2% below their yearly trend, and highest in July, about 1.1% above it. At today's median that is a gap of roughly $77 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 94536?

No. From 2019 to 2024, rent in ZIP 94536 rose 12.9% while median household income rose 37.8%, from $121,696 to $167,662. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 94536 compare to other ZIPs in California?

ZIP 94536 is one of the pricier among California ZIP codes for rent, ranking #224 of 898 at $3,353/mo. Over the year to September 2026, rent in ZIP 94536 changed +6.3%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.

How does ZIP 94536 compare to the rest of Fremont?

At $3,353/mo, ZIP 94536 is $35 below the Fremont citywide median of $3,388/mo. It is the 2nd cheapest of 4 ZIP codes in Fremont.
Income Affordability
24%
VERY AFFORDABLE

At $3,353/mo, rent takes ~24% of ZIP 94536's median household income ($167,662/yr). The standard benchmark is 30%.

ZIP 94536 24%Benchmark 30%
State income tax1–13.3%
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Schools nearby

Public schools near ZIP 94536 (Fremont, CA)

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