ZIP Code · CA

ZIP 95037

Part of Morgan Hill, CA

Pop. 51,943·Santa Clara County·132nd most expensive ZIP in California

Median rent (all units)

$3,797/mo

Year-over-Year

+5.8%

Month-over-Month

Stable

vs US Median

+$1,865

Reported rents

Stable (Monthly)

Be the first to discuss 95037 rents ↓

Most AffordableMost Expensive

ZIP 95037 · $3,797

More expensive than 97% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 95037 usually run 1% below trend in January and 0.9% above it in July, about $72 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 95037 is 0.1% below its high of $3,799 in August 2026, at $3,797 as of September 2026.

Past year vs. the rest of California

Rent in ZIP 95037 changed +5.9% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 95037 rose 22.7% while median household income rose 30.5% ($125,057 to $163,182). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 95037 is 30.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($163,182) is $4,080 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($4,060).

From Zillow's monthly rent index (ZORI) for ZIP 95037. 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

$45,564/yr

At $3,797/mo median

Location

CityMorgan Hill

StateCA

CountySanta Clara County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (5.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+5.8% YoY, -0.1% 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

$2,942 → $3,797

up 29.1%

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 $2,942 to $3,797, up 29.1% 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

Discussions about ZIP 95037

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 95037

About renting in ZIP 95037

Last updated: October 17, 2026

ZIP code 95037 covers Morgan Hill, CA. The median rent here is $3,797/mo as of October 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 5.8% over the past year.

FAQ

Frequently asked questions

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 $152,000/year (about $73/hour full-time) to afford the median rent of $3,797/mo in ZIP 95037. The local median household income is $163,182/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 95037?

Rent in ZIP 95037 has risen 5.8% over the past year as of September 2026. It sits 0.1% below its high of $3,799 in August 2026.

When is the cheapest time to rent in ZIP 95037?

Asking rents in ZIP 95037 are usually lowest in January, about 1% below their yearly trend, and highest in July, about 0.9% above it. At today's median that is a gap of roughly $72 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 95037?

No. From 2019 to 2024, rent in ZIP 95037 rose 22.7% while median household income rose 30.5%, from $125,057 to $163,182. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 95037 compare to other ZIPs in California?

ZIP 95037 is one of the pricier among California ZIP codes for rent, ranking #132 of 898 at $3,797/mo. Over the year to September 2026, rent in ZIP 95037 changed +5.9%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.