ZIP Code · CA

ZIP 94706

Part of Albany, CA

Pop. 19,969·Alameda County·519th most expensive ZIP in California

Median rent (all units)

$2,685/mo

Year-over-Year

+4.5%

Month-over-Month

+0.1%

vs US Median

+$753

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 94706 · $2,685

More expensive than 84% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,240

1 BR

$2,500

2 BR

$3,050

3 BR

$3,900

4 BR+

$4,620

Research median

$3,050/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

Compared with the peak

Rent in ZIP 94706 is at its highest level since Zillow's records here began in May 2022.

Past year vs. the rest of California

Rent in ZIP 94706 changed +4.5% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Recent direction

Rent has risen 5 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($143,398) is $3,585 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,050); a 3-bedroom is $3,900.

Cheaper nearby

ZIP 94610, 6 miles away, rents for 13% less ($2,344/mo), about $4,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 94706. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$32,220/yr

At $2,685/mo median

Location

CityAlbany

StateCA

CountyAlameda County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.5% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 94706 (Albany, CA) is roughly split between renters and owners, has a median income above the national average, 78.1% of residents hold a bachelor's degree or higher.

Population

19,969

Median income

$143,398

Median age

39.1

Renters

46.7%

Age distribution

20.8%

22.8%

28.7%

15.9%

Under 1820.8%

18–3422.8%

35–5428.7%

55–6411.8%

65+15.9%

Gender

46.4%

53.6%

Male46.4%

Female53.6%

Race & ethnicity

45.7%

12.1%

31.4%

White45.7%

Black3.8%

Hispanic12.1%

Asian31.4%

Other7%

Education (25+)

12.2%

78.1%

No HS diploma2%

HS diploma7.8%

Some college12.2%

Bachelor's+78.1%

Housing tenure

53.3%

46.7%

Owner53.3%

Renter46.7%

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

2023 vs 2026

How ZIP 94706 in Albany, CA has changed in 5 years

Rent

$2,447 → $2,685

up 9.7%

Income

$115,712 → $143,398

up 23.9%

Population

20,962 → 19,969

down 4.7%

Renter share

50.3% → 46.7%

-3.6 pts

Bachelor's+

73.7% → 78.1%

+4.4 pts

Median age

36.7 → 39.1

+2.4 yrs

Across the past five years, the going rent in ZIP 94706 in Albany, CA has shifted from $2,447 to $2,685, up 9.7% since 2023. Local incomes tracked alongside that move, going from a median of $115,712 in 2021 to $143,398 more recently. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 94706 in Albany, CA losing about 993 residents over the five-year window, down 4.7% on net. The renter share has eased from 50.3% to 46.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 73.7% to 78.1% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 94706 in Albany, CA market of 2023.

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About renting in ZIP 94706

Last updated: October 17, 2026

ZIP code 94706 covers Albany, CA. The median rent here is $2,685/mo as of October 2026. A 1-bedroom rents for a median of $2,500/mo. A 2-bedroom rents for a median of $3,050/mo.

At 22% of local median household income ($143,398/yr), ZIP 94706 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 94706?

To keep rent at or below 30% of gross income, you would need to earn at least $107,000/year (about $51/hour full-time) to afford the median rent of $2,685/mo in ZIP 94706. The local median household income is $143,398/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 94706?

Rent in ZIP 94706 has risen 4.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2022.

How does ZIP 94706 compare to other ZIPs in California?

ZIP 94706 is in the middle among California ZIP codes for rent, ranking #519 of 898 at $2,685/mo. Over the year to September 2026, rent in ZIP 94706 changed +4.5%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.