How much is a home worth in ZIP code 94551?

The typical home in 94551 is worth $1,015,799, based on the Zillow Home Value Index.

Are home values rising in 94551?

Home values in 94551 are down 6.2% over the past year, and up 3.0% a year over five years.

What is the typical rent in 94551?

A typical home in 94551 rents for about $3,042 a month, a gross rental yield of 3.6%.

What is the property tax rate in 94551?

The effective property tax rate in 94551 is 0.8% — roughly $7,826 a year on a typical home.

ZIP code 94551 has a population of 37,885 and a median household income of $145,392.

HousingHandbookReference data

…

U.S. ZIP Code · CA94551

Alameda County · San Francisco-Oakland-Fremont, CA

Typical home value

$1,015,799^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -6.2%
5-year / yr: +3.0%
10-year / yr: +4.4%

Relative price

vs U.S.: +257.6%
vs metro: -18.8%
vs state: +45.0%

Price history

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

The typical home in 94551 is worth $1,015,799 — 18.8% below the San Francisco-Oakland-Fremont, CA median. Over the past year, values have fallen 6.2%. Homes here rent for a typical $3,042 a month — a 3.6% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $3,042^[2]
Gross yield: 3.6%^[2]
Cap rate: 2.2%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $7,826^[3]

#Climate risk

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

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

#Who lives here

Population: 37,885^[3]
Median household income: $145,392^[3]

#Migration

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

Net migration: -8,347^[5]
Moved in: 40,744
Moved out: 49,091

Schools

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

Public schools: 8
Elementary: 6
Middle: 1
High: 1

Junction K-8
Elementary · Grades K–8 · Livermore Valley Joint Unified
803 students
Altamont Creek Elementary
Elementary · Grades K–5 · Livermore Valley Joint Unified
639 students
Andrew N. Christensen Middle
Middle · Grades 6–8 · Livermore Valley Joint Unified
620 students
Rancho Las Positas Elementary
Elementary · Grades K–5 · Livermore Valley Joint Unified
574 students
Leo R. Croce Elementary
Elementary · Grades K–5 · Livermore Valley Joint Unified
496 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 yield3.6%

Net yield (after ~40% expenses)2.2%

Annual rent$36,499

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$5,136

Loan principal$812,640

Down payment$203,160

Total interest paid$1,036,477

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 ratio2.18

Monthly cost to own$6,635

Monthly rent$3,042

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: 80th percentile^[1]
Rental yield: 61st percentile^[2]
Property tax: 61st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 94551?: The typical home in 94551 is worth $1,015,799, based on the Zillow Home Value Index.
Are home values rising in 94551?: Home values in 94551 are down 6.2% over the past year, and up 3.0% a year over five years.
What is the typical rent in 94551?: A typical home in 94551 rents for about $3,042 a month, a gross rental yield of 3.6%.
What is the property tax rate in 94551?: The effective property tax rate in 94551 is 0.8% — roughly $7,826 a year on a typical home.
Who lives in 94551?: ZIP code 94551 has a population of 37,885 and a median household income of $145,392.

#Comparable ZIPs

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

94947 vs 94551 →
Novato, CA
Typical home
$1,017,902
Gross yield
4.1%
94014 vs 94551 →
Daly City, CA
Typical home
$1,011,110
Gross yield
4.0%
94109
San Francisco, CA
Typical home
$1,022,826
Gross yield
3.9%
94108
San Francisco, CA
Typical home
$1,007,904
Gross yield
3.6%
94710
Berkeley, CA
Typical home
$1,003,007
Gross yield
3.5%
94107
San Francisco, CA
Typical home
$1,002,907
Gross yield
5.2%

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Pit ZIP 94551 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · CA94551

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