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ZIP Code · CA

ZIP 94708

Part of Berkeley, CA
Pop. 11,947·Alameda County·114th most expensive ZIP in California
Median rent (all units)
$3,945/mo
Year-over-Year
Stable
Month-over-Month
-14.8%
vs US Median
+$1,980
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 94708 · $3,945
More expensive than 97% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,740
1 BR
$3,050
2 BR
$3,720
3 BR
$4,760
4 BR+
$5,640
Research median
$3,720/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: July 20, 2026

Annual cost
$47,340/yr
At $3,945/mo median
Location
StateCA
CountyAlameda County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -14.8% MoM), not inventory.
Demographics

Who lives here

ZIP 94708 (Berkeley, CA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 87.5% of residents hold a bachelor's degree or higher.

Population
11,947
Median income
$234,923
Median age
48.6
Renters
15%
Age distribution
17.3%
14.4%
26.9%
13.6%
27.8%
Under 1817.3%
18–3414.4%
35–5426.9%
55–6413.6%
65+27.8%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
72.8%
White72.8%
Black2.5%
Hispanic7.4%
Asian9.1%
Other8.1%
Education (25+)
87.5%
No HS diploma1.4%
HS diploma3.5%
Some college7.6%
Bachelor's+87.5%
Housing tenure
85%
15%
Owner85%
Renter15%

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

2021 vs 2026

How ZIP 94708 in Berkeley, CA has changed in 5 years

Income
$201,099 → $234,923
up 16.8%
Population
11,937 → 11,947
up 0.1%
Renter share
14.8% → 15%
+0.2 pts
Bachelor's+
86.6% → 87.5%
+0.9 pts
Median age
49.3 → 48.6
-0.7 yrs

On the earnings side, the typical household in ZIP 94708 in Berkeley, CA now reports about $234,923, up from $201,099 in 2021.

Community

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Local insights

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About renting in ZIP 94708

Last updated: July 20, 2026

ZIP code 94708 covers Berkeley, CA. The median rent here is $3,945/mo as of July 2026. A 1-bedroom rents for a median of $3,050/mo. A 2-bedroom rents for a median of $3,720/mo.

At 20% of local median household income ($234,923/yr), ZIP 94708 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 94708?

As of July 20, 2026, the median monthly rent in ZIP 94708 (Berkeley, CA) is $3,945. This is based on aggregated data from public sources and community submissions.

How does ZIP 94708 rent compare to the US average?

ZIP 94708's median rent of $3,945/mo is $1,980 (101%) above the US national median of $1,965/mo.

How does ZIP 94708 compare to other ZIPs in California?

ZIP 94708 is one of the pricier ZIP codes in California, ranking #114 out of 907 ZIPs tracked at $3,945/mo.

How much income do you need to rent in ZIP 94708?

To keep rent at or below 30% of gross income, you would need to earn at least $158,000/year (~$76/hour full-time) to afford the median rent of $3,945/mo in ZIP 94708. The local median household income is $234,923/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 94708?

Rent in ZIP 94708 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 94708 an affordable place to rent?

ZIP 94708 is considered very affordable for renters. At $3,945/mo, rent takes approximately 20% of the local median household income ($234,923/yr). The standard benchmark is 30%. ZIP 94708 falls comfortably within that range.

What percentage of ZIP 94708 residents rent vs. own?

According to Census data, approximately 15% of ZIP 94708 households are renters, while 85% are owner-occupied. ZIP 94708 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 94708 compare to the rest of Berkeley?

ZIP 94708 is pricier than Berkeley as a whole. At $3,945/mo, it's $1,004 above the Berkeley citywide median of $2,941/mo.

When was rent data for ZIP 94708 last updated?

Rent data for ZIP 94708 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $3,945/mo, rent takes ~20% of ZIP 94708's median household income ($234,923/yr). The standard benchmark is 30%.

ZIP 94708 20%Benchmark 30%
State income tax1–13.3%
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Schools nearby

Public schools near ZIP 94708 (Berkeley, CA)

Recent submissions

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