How much is a home worth in ZIP code 94002?

The typical home in 94002 is worth $2,364,911, based on the Zillow Home Value Index.

Are home values rising in 94002?

Home values in 94002 are up 2.3% over the past year, and up 4.3% a year over five years.

What is the typical rent in 94002?

A typical home in 94002 rents for about $3,079 a month, a gross rental yield of 1.6%.

What is the property tax rate in 94002?

The effective property tax rate in 94002 is 0.6% — roughly $14,534 a year on a typical home.

ZIP code 94002 has a population of 27,534 and a median household income of $203,965.

HousingHandbookReference data

…

U.S. ZIP Code · CA94002

San Mateo County · San Francisco-Oakland-Fremont, CA

Typical home value

$2,364,911^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.3%
5-year / yr: +4.3%
10-year / yr: +4.5%

Relative price

vs U.S.: +732.5%
vs metro: +89.1%
vs state: +237.6%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 94002 is worth $2,364,911 — 89.1% above the San Francisco-Oakland-Fremont, CA median. Over the past year, values have risen 2.3%. Homes here rent for a typical $3,079 a month — a 1.6% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $3,079^[2]
Gross yield: 1.6%^[2]
Cap rate: 0.9%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $14,534^[3]

#Climate risk

FEMA National Risk Index ratings for San Mateo County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Relatively High
Wildfire: Relatively Moderate
Drought: Relatively High
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Relatively Low
Earthquake: Relatively High
Winter weather: Very Low

#Who lives here

Population: 27,534^[3]
Median household income: $203,965^[3]

#Migration

Household moves in and out of San Mateo County over a year, from IRS tax-return data.

Net migration: -2,970^[5]
Moved in: 21,545
Moved out: 24,515

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 4
Middle: 1
High: 1

Carlmont High
High · Grades 9–12 · Sequoia Union High
2,360 students
Ralston Intermediate
Middle · Grades 6–8 · Belmont-Redwood Shores Elementary
1,136 students
Nesbit Elementary
Elementary · Grades K–8 · Belmont-Redwood Shores Elementary
596 students
Cipriani Elementary
Elementary · Grades K–5 · Belmont-Redwood Shores Elementary
479 students
Central Elementary
Elementary · Grades K–5 · Belmont-Redwood Shores Elementary
436 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield1.6%

Net yield (after ~40% expenses)0.9%

Annual rent$36,948

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$11,958

Loan principal$1,891,929

Down payment$472,982

Total interest paid$2,413,051

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio4.91

Monthly cost to own$15,131

Monthly rent$3,079

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 95th percentile^[1]
Rental yield: 2nd percentile^[2]
Property tax: 9th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 94002?: The typical home in 94002 is worth $2,364,911, based on the Zillow Home Value Index.
Are home values rising in 94002?: Home values in 94002 are up 2.3% over the past year, and up 4.3% a year over five years.
What is the typical rent in 94002?: A typical home in 94002 rents for about $3,079 a month, a gross rental yield of 1.6%.
What is the property tax rate in 94002?: The effective property tax rate in 94002 is 0.6% — roughly $14,534 a year on a typical home.
Who lives in 94002?: ZIP code 94002 has a population of 27,534 and a median household income of $203,965.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

94123 vs 94002 →
San Francisco, CA
Typical home
$2,351,632
Gross yield
2.2%
94904 vs 94002 →
Kentfield CDP, CA
Typical home
$2,276,411
Gross yield
—
94539
Fremont, CA
Typical home
$2,257,200
Gross yield
2.0%
94070
San Carlos, CA
Typical home
$2,474,298
Gross yield
2.1%
94402
San Mateo, CA
Typical home
$2,478,819
Gross yield
1.8%
94939
Larkspur, CA
Typical home
$2,201,589
Gross yield
2.0%

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#Jump to section

U.S. ZIP Code · CA94002

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