How much is a home worth in ZIP code 94061?

The typical home in 94061 is worth $1,991,110, based on the Zillow Home Value Index.

Are home values rising in 94061?

Home values in 94061 are up 1.9% over the past year, and up 3.2% a year over five years.

What is the typical rent in 94061?

A typical home in 94061 rents for about $3,643 a month, a gross rental yield of 2.2%.

What is the property tax rate in 94061?

The effective property tax rate in 94061 is 0.5% — roughly $10,876 a year on a typical home.

ZIP code 94061 has a population of 37,048 and a median household income of $146,265.

HousingHandbookReference data

…

U.S. ZIP Code · CA94061

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

Typical home value

$1,991,110^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.9%
5-year / yr: +3.2%
10-year / yr: +4.0%

Relative price

vs U.S.: +600.9%
vs metro: +59.2%
vs state: +184.2%

Price history

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

The typical home in 94061 is worth $1,991,110 — 59.2% above the San Francisco-Oakland-Fremont, CA median. Over the past year, values have risen 1.9%. Homes here rent for a typical $3,643 a month — a 2.2% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

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

Monthly rent: $3,643^[2]
Gross yield: 2.2%^[2]
Cap rate: 1.3%^[2]

#Property tax

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

Effective tax rate: 0.5%^[3]
Typical annual tax: $10,876^[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: 37,048^[3]
Median household income: $146,265^[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: 4
Elementary: 4
Middle: 0
High: 0

Roy Cloud Elementary
Elementary · Grades K–8 · Redwood City Elementary
615 students
Henry Ford Elementary
Elementary · Grades K–5 · Redwood City Elementary
458 students
Roosevelt Elementary
Elementary · Grades K–8 · Redwood City Elementary
453 students
Rocketship Redwood City
Elementary · Grades K–5 · Rocketship Redwood City District
314 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 yield2.2%

Net yield (after ~40% expenses)1.3%

Annual rent$43,711

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$10,068

Loan principal$1,592,888

Down payment$398,222

Total interest paid$2,031,641

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 ratio3.47

Monthly cost to own$12,640

Monthly rent$3,643

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: 83rd percentile^[1]
Rental yield: 11th percentile^[2]
Property tax: 4th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 94061?: The typical home in 94061 is worth $1,991,110, based on the Zillow Home Value Index.
Are home values rising in 94061?: Home values in 94061 are up 1.9% over the past year, and up 3.2% a year over five years.
What is the typical rent in 94061?: A typical home in 94061 rents for about $3,643 a month, a gross rental yield of 2.2%.
What is the property tax rate in 94061?: The effective property tax rate in 94061 is 0.5% — roughly $10,876 a year on a typical home.
Who lives in 94061?: ZIP code 94061 has a population of 37,048 and a median household income of $146,265.

#Comparable ZIPs

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

94563 vs 94061 →
Orinda, CA
Typical home
$2,006,337
Gross yield
—
94705 vs 94061 →
Oakland, CA
Typical home
$2,007,478
Gross yield
2.0%
94549
Lafayette, CA
Typical home
$1,962,152
Gross yield
2.2%
94127
San Francisco, CA
Typical home
$1,943,926
Gross yield
—
94030
Millbrae, CA
Typical home
$2,067,127
Gross yield
2.2%
94924
Bolinas CDP, CA
Typical home
$1,914,667
Gross yield
—

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#Jump to section

U.S. ZIP Code · CA94061

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