ZIP Code · CA

ZIP 94702

Part of Berkeley, CA

Pop. 17,635·Alameda County·431st most expensive ZIP in California

Median rent (all units)

$2,828/mo

Year-over-Year

+2.4%

Month-over-Month

+1.4%

vs US Median

+$896

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 94702 · $2,828

More expensive than 87% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,820

1 BR

$2,020

2 BR

$2,470

3 BR

$3,160

4 BR+

$3,740

Research median

$2,470/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 94702 usually run 1.1% below trend in December and 0.6% above it in August, about $48 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 94702 is at its highest level since Zillow's records here began in January 2020.

Past year vs. the rest of California

Rent in ZIP 94702 changed +2.4% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Since before the pandemic

Rent in ZIP 94702 is 14.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 5 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($99,775) is $2,494 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,470); a 3-bedroom is $3,160.

Rank in Berkeley

4th cheapest of 7 ZIP codes in Berkeley.

Cheaper nearby

ZIP 94703, 1 mile away, rents for 10% less ($2,544/mo), about $3,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 94702. 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

$33,936/yr

At $2,828/mo median

Location

CityBerkeley

StateCA

CountyAlameda County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.4% YoY, +1.4% MoM), not inventory.

Demographics

Who lives here

ZIP 94702 (Berkeley, CA) is roughly split between renters and owners, has a median income above the national average, 64% of residents hold a bachelor's degree or higher.

Population

17,635

Median income

$99,775

Median age

41.5

Renters

48.7%

Age distribution

20.2%

19.9%

29.4%

12.3%

18.1%

Under 1820.2%

18–3419.9%

35–5429.4%

55–6412.3%

65+18.1%

Gender

46.2%

53.8%

Male46.2%

Female53.8%

Race & ethnicity

51.1%

15.3%

13.5%

White51.1%

Black15.3%

Hispanic11%

Asian13.5%

Other9.1%

Education (25+)

12.1%

18.5%

64%

No HS diploma5.4%

HS diploma12.1%

Some college18.5%

Bachelor's+64%

Housing tenure

51.3%

48.7%

Owner51.3%

Renter48.7%

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

2021 vs 2026

How ZIP 94702 in Berkeley, CA has changed in 5 years

Rent

$2,399 → $2,828

up 17.9%

Income

$86,058 → $99,775

up 15.9%

Population

16,557 → 17,635

up 6.5%

Renter share

51.9% → 48.7%

-3.2 pts

Bachelor's+

63.2% → 64%

+0.8 pts

Median age

40 → 41.5

+1.5 yrs

The median rent in ZIP 94702 in Berkeley, CA stood at $2,399 in 2021 and currently runs about $2,828, reflecting a 17.9% increase over the period. On the earnings side, the typical household in ZIP 94702 in Berkeley, CA now reports about $99,775, up from $86,058 in 2021. The population has grown by 6.5% since 2021, moving from about 16,557 residents to roughly 17,635. Renters now make up 48.7% of households, compared with 51.9% five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 94702 in Berkeley, CA reflects that arc in its own way.

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About renting in ZIP 94702

Last updated: October 17, 2026

ZIP code 94702 covers Berkeley, CA. The median rent here is $2,828/mo as of October 2026. A 1-bedroom rents for a median of $2,020/mo. A 2-bedroom rents for a median of $2,470/mo.

At 34% of local median household income ($99,775/yr), ZIP 94702 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 94702?

To keep rent at or below 30% of gross income, you would need to earn at least $113,000/year (about $54/hour full-time) to afford the median rent of $2,828/mo in ZIP 94702. The local median household income is $99,775/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 94702?

Rent in ZIP 94702 has risen 2.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2020.

When is the cheapest time to rent in ZIP 94702?

Asking rents in ZIP 94702 are usually lowest in December, about 1.1% below their yearly trend, and highest in August, about 0.6% above it. At today's median that is a gap of roughly $48 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 94702 compare to other ZIPs in California?

ZIP 94702 is in the middle among California ZIP codes for rent, ranking #431 of 898 at $2,828/mo. Over the year to September 2026, rent in ZIP 94702 changed +2.4%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.