ZIP 94941
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 94941 usually run 1.8% below trend in December and 1.3% above it in June, about $146 a month apart at today's median. Based on 6 years of data.
Rent in ZIP 94941 is at its highest level since Zillow's records here began in January 2019.
Rent in ZIP 94941 changed +9.9% 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 94941 rose 23.5% while median household income rose 38% ($152,125 to $209,870). Income kept ahead of rent.
Rent in ZIP 94941 is 43% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 14 months in a row, and rose in 12 of the last 12 months.
30% of the median household income ($209,870) is $5,247 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($5,240).
ZIP 94939, 3 miles away, rents for 10% less ($4,232/mo), about $5,800 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 94941. 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 94941 (Mill Valley, CA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 75.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 94941 in Mill Valley, CA has changed in 5 years
Five years ago, renters in ZIP 94941 in Mill Valley, CA paid around $3,543 a month. That figure now sits near $4,715, up 33.1% from the 2021 baseline. Census figures show median household income at $209,870 today, compared with $183,882 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has eased from 33.5% to 31.8%, with owner-occupied housing accounting for the remainder. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 94941
Last updated: October 17, 2026
ZIP code 94941 covers Mill Valley, CA. The median rent here is $4,715/mo as of October 2026. A 1-bedroom rents for a median of $3,270/mo. A 2-bedroom rents for a median of $3,960/mo.
At 27% of local median household income ($209,870/yr), ZIP 94941 ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.9% over the past year.
Frequently asked questions
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How does ZIP 94941 compare to other ZIPs in California?
How does ZIP 94941 compare to the rest of Mill Valley?
At $4,715/mo, rent takes ~27% of ZIP 94941's median household income ($209,870/yr). The standard benchmark is 30%.
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