U.S. ZIP Code · CA94038
San Mateo County · San Francisco-Oakland-Fremont, CA
Appreciation
- 1-year
- 0.0%
- 5-year / yr
- +3.5%
- 10-year / yr
- +4.6%
Relative price
- vs U.S.
- +418.7%
- vs metro
- +17.8%
- vs state
- +110.3%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 94038 is worth $1,473,352 — 17.8% above the San Francisco-Oakland-Fremont, CA median. Over the past year, values have risen 0.0%. The effective property tax rate is 0.4%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#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
#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
Run the numbers
Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.
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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 94038?
- The typical home in 94038 is worth $1,473,352, based on the Zillow Home Value Index.
- Are home values rising in 94038?
- Home values in 94038 are up 0.0% over the past year, and up 3.5% a year over five years.
- What is the property tax rate in 94038?
- The effective property tax rate in 94038 is 0.4% — roughly $6,464 a year on a typical home.
- Who lives in 94038?
- ZIP code 94038 has a population of 2,683 and a median household income of $99,680.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Sunol CDP, CA
- Typical home
- $1,468,760
- Gross yield
- —
Fremont, CA
- Typical home
- $1,463,283
- Gross yield
- 2.6%
San Francisco, CA
- Typical home
- $1,460,369
- Gross yield
- 3.3%
Pleasanton, CA
- Typical home
- $1,442,459
- Gross yield
- 2.5%
El Granada CDP, CA
- Typical home
- $1,512,580
- Gross yield
- —
San Rafael, CA
- Typical home
- $1,427,460
- Gross yield
- 2.4%
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
Compare ZIPs
Pit ZIP 94038 against any other ZIP — full side-by-side table.
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