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ZIP Code · CA

ZIP 95037

Pop. 51,943·Santa Clara County·130th most expensive ZIP in California
Median rent (all units)
$3,772/mo
Year-over-Year
+9.5%
Month-over-Month
+3.0%
vs US Median
+$1,807
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 95037 · $3,772
More expensive than 96% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,120
1 BR
$2,410
2 BR
$2,820
3 BR
$3,730
4 BR+
$4,060
Research median
$2,820/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
$45,264/yr
At $3,772/mo median
Location
StateCA
CountySanta Clara County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.5% YoY, +3.0% MoM), not inventory.
Demographics

Who lives here

ZIP 95037 (Morgan Hill, CA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 45.8% of residents hold a bachelor's degree or higher.

Population
51,943
Median income
$163,182
Median age
39.2
Renters
29.4%
Age distribution
26.2%
18.1%
26.7%
13.2%
15.9%
Under 1826.2%
18–3418.1%
35–5426.7%
55–6413.2%
65+15.9%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
44.7%
35.3%
16.6%
White44.7%
Black2.6%
Hispanic35.3%
Asian16.6%
Other0.8%
Education (25+)
16.2%
28.9%
45.8%
No HS diploma9.2%
HS diploma16.2%
Some college28.9%
Bachelor's+45.8%
Housing tenure
70.6%
29.4%
Owner70.6%
Renter29.4%

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

2021 vs 2026

How ZIP 95037 in Morgan Hill, CA has changed in 5 years

Rent
$2,875 → $3,772
up 31.2%
Income
$139,716 → $163,182
up 16.8%
Population
52,321 → 51,943
down 0.7%
Renter share
26.9% → 29.4%
+2.5 pts
Bachelor's+
44.3% → 45.8%
+1.5 pts

Across the past five years, the going rent in ZIP 95037 in Morgan Hill, CA has shifted from $2,875 to $3,772, up 31.2% since 2021. Local incomes tracked alongside that move, going from a median of $139,716 in 2021 to $163,182 more recently. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has risen from 26.9% to 29.4%, with owner-occupied housing accounting for the remainder. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 95037 in Morgan Hill, CA market of 2021.

Community

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Local insights

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About renting in ZIP 95037

Last updated: July 20, 2026

ZIP code 95037 covers Morgan Hill, CA. The median rent here is $3,772/mo as of July 2026. A 1-bedroom rents for a median of $2,410/mo. A 2-bedroom rents for a median of $2,820/mo.

At 28% of local median household income ($163,182/yr), ZIP 95037 ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 95037?

As of July 20, 2026, the median monthly rent in ZIP 95037 (Morgan Hill, CA) is $3,772. This is based on aggregated data from public sources and community submissions.

How does ZIP 95037 rent compare to the US average?

ZIP 95037's median rent of $3,772/mo is $1,807 (92%) above the US national median of $1,965/mo.

How does ZIP 95037 compare to other ZIPs in California?

ZIP 95037 is one of the pricier ZIP codes in California, ranking #130 out of 907 ZIPs tracked at $3,772/mo.

How much income do you need to rent in ZIP 95037?

To keep rent at or below 30% of gross income, you would need to earn at least $151,000/year (~$73/hour full-time) to afford the median rent of $3,772/mo in ZIP 95037. The local median household income is $163,182/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 95037?

Rent in ZIP 95037 has increased 9.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 95037 an affordable place to rent?

ZIP 95037 is considered affordable for renters. At $3,772/mo, rent takes approximately 28% of the local median household income ($163,182/yr). The standard benchmark is 30%. ZIP 95037 falls comfortably within that range.

What percentage of ZIP 95037 residents rent vs. own?

According to Census data, approximately 29.4% of ZIP 95037 households are renters, while 70.6% are owner-occupied. ZIP 95037 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 95037 compare to the rest of Morgan Hill?

ZIP 95037 sits right at the Morgan Hill citywide median of $3,772/mo.

When was rent data for ZIP 95037 last updated?

Rent data for ZIP 95037 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $3,772/mo, rent takes ~28% of ZIP 95037's median household income ($163,182/yr). The standard benchmark is 30%.

ZIP 95037 28%Benchmark 30%
State income tax1–13.3%
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Schools nearby

Public schools near ZIP 95037 (Morgan Hill, CA)

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