How much is a home worth in ZIP code 94062?

The typical home in 94062 is worth $2,713,313, based on the Zillow Home Value Index.

Are home values rising in 94062?

Home values in 94062 are up 1.8% over the past year, and up 2.6% a year over five years.

What is the typical rent in 94062?

A typical home in 94062 rents for about $3,382 a month, a gross rental yield of 1.5%.

What is the property tax rate in 94062?

The effective property tax rate in 94062 is 0.7% — roughly $17,765 a year on a typical home.

ZIP code 94062 has a population of 25,759 and a median household income of $233,262.

HousingHandbookReference data

…

U.S. ZIP Code · CA94062

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

Typical home value

$2,713,313^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.8%
5-year / yr: +2.6%
10-year / yr: +3.1%

Relative price

vs U.S.: +855.2%
vs metro: +116.9%
vs state: +287.3%

Price history

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

The typical home in 94062 is worth $2,713,313 — 116.9% above the San Francisco-Oakland-Fremont, CA median. Over the past year, values have risen 1.8%. Homes here rent for a typical $3,382 a month — a 1.5% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

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

Monthly rent: $3,382^[2]
Gross yield: 1.5%^[2]
Cap rate: 0.9%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $17,765^[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: 25,759^[3]
Median household income: $233,262^[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: 8
Elementary: 3
Middle: 2
High: 3

Sequoia High
High · Grades 9–12 · Sequoia Union High
1,903 students
Woodside High
High · Grades 9–12 · Sequoia Union High
1,646 students
Clifford Elementary
Elementary · Grades K–8 · Redwood City Elementary
673 students
North Star Academy
Middle · Grades 3–8 · Redwood City Elementary
527 students
McKinley Institute of Technology
Middle · Grades 6–8 · Redwood City Elementary
445 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 yield1.5%

Net yield (after ~40% expenses)0.9%

Annual rent$40,579

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$13,720

Loan principal$2,170,650

Down payment$542,663

Total interest paid$2,768,545

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 ratio5.16

Monthly cost to own$17,451

Monthly rent$3,382

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: 73rd percentile^[1]
Rental yield: 1st percentile^[2]
Property tax: 24th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 94062?: The typical home in 94062 is worth $2,713,313, based on the Zillow Home Value Index.
Are home values rising in 94062?: Home values in 94062 are up 1.8% over the past year, and up 2.6% a year over five years.
What is the typical rent in 94062?: A typical home in 94062 rents for about $3,382 a month, a gross rental yield of 1.5%.
What is the property tax rate in 94062?: The effective property tax rate in 94062 is 0.7% — roughly $17,765 a year on a typical home.
Who lives in 94062?: ZIP code 94062 has a population of 25,759 and a median household income of $233,262.

#Comparable ZIPs

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

94507 vs 94062 →
Alamo CDP, CA
Typical home
$2,587,085
Gross yield
—
94025 vs 94062 →
Menlo Park, CA
Typical home
$2,902,647
Gross yield
1.7%
94402
San Mateo, CA
Typical home
$2,478,819
Gross yield
1.8%
94070
San Carlos, CA
Typical home
$2,474,298
Gross yield
2.1%
94002
Belmont, CA
Typical home
$2,364,911
Gross yield
1.6%
94123
San Francisco, CA
Typical home
$2,351,632
Gross yield
2.2%

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#Jump to section

U.S. ZIP Code · CA94062

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