ZIP 94703
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 94703 usually run 1.4% below trend in January and 1.4% above it in July, about $71 a month apart at today's median. Based on 7 years of data.
Rent in ZIP 94703 is at its highest level since Zillow's records here began in November 2018.
Rent in ZIP 94703 changed +5.0% 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 94703 rose 6.2% while median household income rose 32.3% ($83,074 to $109,881). Income kept ahead of rent.
Rent in ZIP 94703 is 14.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($109,881) is $2,747 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,280); a 2-bedroom is $2,780.
1st cheapest of 7 ZIP codes in Berkeley.
ZIP 94601, 7 miles away, rents for 13% less ($2,216/mo), about $3,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 94703. 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 94703 (Berkeley, CA) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 72.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 94703 in Berkeley, CA has changed in 5 years
Since 2021, the typical rent in ZIP 94703 in Berkeley, CA has climbed from $2,156 to $2,544, a 18.0% change over five years. Median household income rose from $95,125 to $109,881 between 2021 and 2024, a 15.5% shift. The population has grown by 5.4% since 2021, moving from about 19,857 residents to roughly 20,934. Renters now make up 59.2% of households, compared with 60.9% five years ago. College-educated residents now make up 72.1% of adults here, versus 69.9% in 2021. Taken together, the five-year picture in ZIP 94703 in Berkeley, CA reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 94703
Last updated: October 17, 2026
ZIP code 94703 covers Berkeley, CA. The median rent here is $2,544/mo as of October 2026. A 1-bedroom rents for a median of $2,280/mo. A 2-bedroom rents for a median of $2,780/mo.
At 28% of local median household income ($109,881/yr), ZIP 94703 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.0% over the past year.
Frequently asked questions
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How does ZIP 94703 compare to the rest of Berkeley?
At $2,544/mo, rent takes ~28% of ZIP 94703's median household income ($109,881/yr). The standard benchmark is 30%.
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