ZIP 94539
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
November. Asking rents in ZIP 94539 usually run 1.1% below trend in November and 1.2% above it in May, about $94 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 94539 is at its highest level since Zillow's records here began in May 2017.
Rent in ZIP 94539 changed +6.2% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.
From 2019 to 2024, rent in ZIP 94539 rose 17.1% while median household income rose 37% ($177,836 to $243,552). Income kept ahead of rent.
Rent in ZIP 94539 is 24.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($243,552) is $6,089 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($5,180); a 4-bedroom is $6,140.
4th cheapest of 4 ZIP codes in Fremont.
ZIP 94538, 3 miles away, rents for 19% less ($3,296/mo), about $9,500 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 94539. 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.
Who lives here
ZIP 94539 (Fremont, CA) is majority owner-occupied, has a median income above the national average, 79.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 94539 in Fremont, CA has changed in 5 years
Rent in ZIP 94539 in Fremont, CA has increased 27.1% since 2021, going from about $3,216 per month to roughly $4,088 today. Household income in the area moved from $200,046 to $243,552 across the same window, up 21.7% versus 2021. Rent outpaced income growth by roughly 5.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 53,762 to 52,396 between 2021 and 2024, a 2.5% change. About 21% of households rent today, against 19.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 74.3% to 79.6%. Reading these numbers side by side helps frame whether current listings in ZIP 94539 in Fremont, CA look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 94539
Last updated: October 17, 2026
ZIP code 94539 covers Fremont, CA. The median rent here is $4,088/mo as of October 2026. A 1-bedroom rents for a median of $3,320/mo. A 2-bedroom rents for a median of $4,050/mo.
At 20% of local median household income ($243,552/yr), ZIP 94539 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.2% over the past year.
Frequently asked questions
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How does ZIP 94539 compare to the rest of Fremont?
At $4,088/mo, rent takes ~20% of ZIP 94539's median household income ($243,552/yr). The standard benchmark is 30%.
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