ZIP Code · CA

ZIP 94806

Part of Richmond, CA

Pop. 62,546·Contra Costa County·658th most expensive ZIP in California

Median rent (all units)

$2,401/mo

Year-over-Year

+0.3%

Month-over-Month

+0.8%

vs US Median

+$469

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 94806 · $2,401

More expensive than 77% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,850

1 BR

$2,060

2 BR

$2,510

3 BR

$3,210

4 BR+

$3,800

Research median

$2,510/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 94806 usually run 1.4% below trend in December and 1.3% above it in May, about $65 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 94806 is 0.9% below its high of $2,424 in August 2025, at $2,401 as of September 2026.

Past year vs. the rest of California

Rent in ZIP 94806 changed +0.3% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($86,034) is $2,151 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,060); a 2-bedroom is $2,510.

Rank in Richmond

2nd cheapest of 4 ZIP codes in Richmond.

Cheaper nearby

ZIP 94590, 10 miles away, rents for 14% less ($2,055/mo), about $4,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 94806. 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

$28,812/yr

At $2,401/mo median

Location

CityRichmond

StateCA

CountyContra Costa County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.3% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 94806 (Richmond, CA) is roughly split between renters and owners, 24.5% of residents hold a bachelor's degree or higher.

Population

62,546

Median income

$86,034

Median age

36.7

Renters

50.1%

Age distribution

22.5%

25.1%

28.3%

13.2%

Under 1822.5%

18–3425.1%

35–5428.3%

55–6411%

65+13.2%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

16%

13.9%

50.3%

16.2%

White16%

Black13.9%

Hispanic50.3%

Asian16.2%

Other3.5%

Education (25+)

20.4%

26.8%

28.3%

24.5%

No HS diploma20.4%

HS diploma26.8%

Some college28.3%

Bachelor's+24.5%

Housing tenure

49.9%

50.1%

Owner49.9%

Renter50.1%

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

2022 vs 2026

How ZIP 94806 in Richmond, CA has changed in 5 years

Rent

$2,280 → $2,401

up 5.3%

Income

$74,867 → $86,034

up 14.9%

Population

65,072 → 62,546

down 3.9%

Renter share

52.1% → 50.1%

-2.0 pts

Bachelor's+

22.8% → 24.5%

+1.7 pts

Median age

35.3 → 36.7

+1.4 yrs

The median rent in ZIP 94806 in Richmond, CA stood at $2,280 in 2022 and currently runs about $2,401, reflecting a 5.3% increase over the period. Local incomes tracked alongside that move, going from a median of $74,867 in 2021 to $86,034 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has contracted by 3.9% since 2021, moving from about 65,072 residents to roughly 62,546. Renters now make up 50.1% of households, compared with 52.1% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 94806 in Richmond, CA market of 2022.

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About renting in ZIP 94806

Last updated: October 17, 2026

ZIP code 94806 covers Richmond, CA. The median rent here is $2,401/mo as of October 2026. A 1-bedroom rents for a median of $2,060/mo. A 2-bedroom rents for a median of $2,510/mo.

At 33% of local median household income ($86,034/yr), ZIP 94806 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 94806?

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (about $46/hour full-time) to afford the median rent of $2,401/mo in ZIP 94806. The local median household income is $86,034/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 94806?

Rent in ZIP 94806 has been roughly flat over the past year as of September 2026, a +0.3% change. It sits 0.9% below its high of $2,424 in August 2025.

When is the cheapest time to rent in ZIP 94806?

Asking rents in ZIP 94806 are usually lowest in December, about 1.4% below their yearly trend, and highest in May, about 1.3% above it. At today's median that is a gap of roughly $65 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 94806 compare to other ZIPs in California?

ZIP 94806 is one of the more affordable among California ZIP codes for rent, ranking #658 of 898 at $2,401/mo. Over the year to September 2026, rent in ZIP 94806 changed +0.3%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.