ZIP Code · CA

ZIP 94947

Part of Novato, CA

Pop. 24,100·Marin County·73rd most expensive ZIP in California

Median rent (all units)

$4,238/mo

Year-over-Year

+4.1%

Month-over-Month

-0.2%

vs US Median

+$2,306

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 94947 · $4,238

More expensive than 98% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$2,250

1 BR

$2,690

2 BR

$3,260

3 BR

$4,160

4 BR+

$4,320

Research median

$3,260/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

Past year vs. the rest of California

Rent in ZIP 94947 changed +4.1% 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 9 of the last 12 months.

What a typical income covers

30% of the median household income ($128,766) is $3,219 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,690); a 2-bedroom is $3,260.

Rank in Novato

2nd cheapest of 3 ZIP codes in Novato.

Cheaper nearby

ZIP 94903, 8 miles away, rents for 19% less ($3,415/mo), about $9,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 94947. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$50,856/yr

At $4,238/mo median

Location

CityNovato

StateCA

CountyMarin County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.1% YoY, -0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 94947 (Novato, CA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 47.1% of residents hold a bachelor's degree or higher.

Population

24,100

Median income

$128,766

Median age

47.6

Renters

29.5%

Age distribution

18.8%

17.3%

25.1%

14.2%

24.5%

Under 1818.8%

18–3417.3%

35–5425.1%

55–6414.2%

65+24.5%

Gender

51%

49%

Male51%

Female49%

Race & ethnicity

60.9%

25.9%

White60.9%

Black2.4%

Hispanic25.9%

Asian6.3%

Other4.5%

Education (25+)

12.5%

12.6%

27.8%

47.1%

No HS diploma12.5%

HS diploma12.6%

Some college27.8%

Bachelor's+47.1%

Housing tenure

70.5%

29.5%

Owner70.5%

Renter29.5%

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

2021 vs 2026

How ZIP 94947 in Novato, CA has changed in 5 years

Income

$121,833 → $128,766

up 5.7%

Population

25,468 → 24,100

down 5.4%

Renter share

25.6% → 29.5%

+3.9 pts

Bachelor's+

44.4% → 47.1%

+2.7 pts

Median age

46.3 → 47.6

+1.3 yrs

Local incomes tracked alongside that move, going from a median of $121,833 in 2021 to $128,766 more recently. The population has contracted by 5.4% since 2021, moving from about 25,468 residents to roughly 24,100. Renters now make up 29.5% of households, compared with 25.6% five years ago. College-educated residents now make up 47.1% of adults here, versus 44.4% in 2021.

Community

Discussions about ZIP 94947

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Local insights

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About renting in ZIP 94947

Last updated: October 17, 2026

ZIP code 94947 covers Novato, CA. The median rent here is $4,238/mo as of October 2026. A 1-bedroom rents for a median of $2,690/mo. A 2-bedroom rents for a median of $3,260/mo.

At 39% of local median household income ($128,766/yr), ZIP 94947 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 94947?

To keep rent at or below 30% of gross income, you would need to earn at least $170,000/year (about $82/hour full-time) to afford the median rent of $4,238/mo in ZIP 94947. The local median household income is $128,766/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 94947?

Rent in ZIP 94947 has risen 4.1% over the past year.

How does ZIP 94947 compare to other ZIPs in California?

ZIP 94947 is one of the pricier among California ZIP codes for rent, ranking #73 of 898 at $4,238/mo. Over the year to September 2026, rent in ZIP 94947 changed +4.1%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.