Renters Local

Rental Insights for ZIP Code 94401 (San Mateo, CA)

Housing Rentals in ZIP Code 94401 (San Mateo, CA)

94401 ZIP Code in California

An In-depth Dive Into Housing Rentals in ZIP Code 94401

The 94401 ZIP Code is primarily located in San Mateo, CA in San Mateo County. This California region has an estimated median housing rent of $2,266 per month. About 52.5% of housing units in the region are renter-occupied, and this San Mateo County ZIP Code has an approximate rental vacancy rate of 6.5%.

The median rent in ZIP Code 94401 of $2,266 per month is 51% higher than the aggregate California median monthly rent of $1,503, and is 113% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 26.1% of residents in ZIP Code 94401 pay $3,000 or more per month for rent. That is 290% higher than in California overall, in which 6.7% of total state residents pay $3,000 or more per month for housing.

ZIP Code 94401 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 94401

See the chart below for a comparison of monthly rental costs in ZIP Code 94401, California, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 94401 along with those in the state of California and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 94401

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 94401 California U.S.
Less than $500 1.2% 4.9% 9.4%
$500 to $999 3.0% 16.5% 36.2%
$1,000 to $1,499 11.1% 28.6% 30.0%
$1,500 to $1,999 23.9% 23.2% 14.0%
$2,000 to $2,499 20.2% 13.4% 5.6%
$2,500 to $2,999 14.5% 6.9% 2.4%
$3,000 or more 26.1% 6.7% 2.4%

Rent Cost vs. Income in ZIP Code 94401

Renters in ZIP Code 94401 use an estimated 31.01% of their income to cover their monthly rent payments. That is about 1% lower than in California overall. The estimate for California overall is 31.23% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 94401 renters use about 4% more of their income to cover rent expense. Household income figures for ZIP Code 94401 come in higher than in California as a whole. The median annual household income in ZIP Code 94401 of $93,850 sits approximately 25% higher than the overall California median income of $75,235 and approximately 49% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 94401

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 94401, California, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 94401 along with the same calculations in the state of California and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 94401

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 94401 California U.S.
Less than 15.0 percent 12.8% 10.3% 13.1%
15.0 to 19.9 percent 10.7% 11.2% 12.9%
20.0 to 24.9 percent 12.9% 12.2% 12.9%
25.0 to 29.9 percent 8.0% 11.5% 11.6%
30.0 to 34.9 percent 9.2% 9.6% 9.1%
35.0 percent or more 46.5% 45.2% 40.5%

Household Income in ZIP Code 94401

See the table below for the regional comparison of annual household income in ZIP Code 94401.

Income ZIP 94401 California U.S.
Less than $10,000 3.6% 4.8% 6.0%
$10,000 to $14,999 2.8% 4.1% 4.3%
$15,000 to $24,999 5.0% 7.5% 8.9%
$25,000 to $34,999 6.0% 7.5% 8.9%
$35,000 to $49,999 8.3% 10.5% 12.3%
$50,000 to $74,999 12.3% 15.5% 17.2%
$75,000 to $99,999 14.0% 12.4% 12.7%
$100,000 to $149,999 17.9% 16.6% 15.1%
$150,000 to $199,999 10.8% 8.9% 6.8%
$200,000 or more 19.3% 12.2% 7.7%

Household Income in ZIP Code 94401

See the chart below for a comparison of annual household income figures in ZIP Code 94401, California, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 94401 alongside the same figures for the state of California and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 94401

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 94401.

ZIP 94401 California U.S.
Median Housing Rent $2,266 $1,503 $1,062
Renter-Occupied Housing Units 52.5% 45.2% 36.0%
Rental Vacancy Rate 6.5% 3.6% 6.0%
Average Size of Renter-Occupied Unit 2.96 2.88 2.49
Average # of Bedrooms Per Unit 2.04 2.63 2.75
Percent of Income Spent on Rent 31.01% 31.23% 29.83%
Per Capita Income $45,453 $36,955 $34,103
Median Household Income $127,116 $106,916 $88,607
Living Below the Poverty Line 6.7% 9.6% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 94401

In ZIP Code 94401 (San Mateo, CA), and estimated 52.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.5%.

The per capita income in 94401 is estimated at $45,453, which goes along with an estimated median household income of $127,116. About 6.7% of residents in this San Mateo County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.96 occupants, while the units have an aggregate average size of 2.04 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 31.01% of their income on housing rental costs.

Rental FAQs for ZIP Code 94401

1

What is the median monthly rent in ZIP Code 94401?

Median rent for housing in ZIP Code 94401 in San Mateo County in California is approximately $2,266 per month.
2

Is it expensive to rent in ZIP Code 94401?

Rent in ZIP Code 94401 is higher than average in the state of California overall. The median monthly rent of $2,266 in ZIP Code 94401 is approximately 51% higher than the California median of $1,503. Additionally, median rent in this San Mateo, CA region ($2,266) is about 113% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 94401?

High-priced rentals are more common in ZIP Code 94401 than in California overall. The percentage of rentals in ZIP Code 94401 that cost $3,000 or more per month (26.1%) is about 290% higher than the California rate of 6.7% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 988% lower than the aforementioned 94401 rate of 26.1%.
4

Are affordable rentals common in ZIP Code 94401?

Affordable rentals are less common in ZIP Code 94401 than in California overall. The percentage of housing rentals in ZIP Code 94401 costing $999 or less per month (4.2%) is approximately 80% lower than the California rate of 21.4% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 91% higher than the previously mentioned 94401 rate of 4.2%.
5

What is the most common cost range that rentals fall into in ZIP Code 94401?

The most common range for rental cost in ZIP Code 94401 is $3,000 or more per month. About 26.1% of renters in 94401 pay in this range for monthly rent. In comparison, approximately 6.7% of renters in the state of California fall in the $3,000 or more range, and 2.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 94401 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 94401 is higher than the rental vacancy rate in the state of California overall. Rental vacancy of 6.5% in ZIP Code 94401 is about 81% higher than the California rate of 3.6%. Looking more broadly, rental vacancy in this San Mateo, CA region (6.5%) is an estimated 8% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 94401? How does it compare to other California regions?

Median household income in ZIP Code 94401 is higher than in the state of California overall. Annual household income of $93,850 in ZIP Code 94401 is about 25% higher than the California median of $75,235. Additionally, median household income in this San Mateo, CA region ($93,850) is approximately 49% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 94401 spend on housing costs?

Renters in ZIP Code 94401 spend a lower amount of their income on rent costs than do renters in California overall. Renters in ZIP Code 94401 spend an estimated 31.01% of their income on rent payments, which is about 1% lower than the overall California estimated rate of 31.23%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 4% lower than the ZIP Code 94401 estimated rate of 31.01%.
9

Do renters in ZIP Code 94401 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 94401 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 94401 spending 30 percent or more of their income on rent costs (55.7%) is approximately 2% higher than the California rate of 54.8% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 12% lower than the aforementioned 94401 rate of 55.7%.
10

What is the average household size of renter-occupied units in ZIP Code 94401?

The average household size of renter-occupied units in ZIP Code 94401 is higher than in the state of California overall. Annual household size of 2.96 in ZIP Code 94401 is about 3% higher than the California median of 2.88. Additionally, median household size in this San Mateo, CA region (2.96) is approximately 19% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other California ZIP Codes