San Rafael, CA—94903
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in San Rafael, CA
Home Price Trends — San Rafael, CA
As of Oct '25, the median home price in San Rafael, CA is $1,214,000, with a year-over-year change of -2.9%. This indicates that home prices in San Rafael, CA are decreasing. According to Zillow, the 1-year price projection is -2.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,214,000 | -2.9% |
| Single Family | $1,337,000 | -2.8% |
| Condos | $575,000 | -5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $406,000 | -7.7% |
2 Bed | $585,000 | -6.2% |
3 Bed | $1,152,000 | -2.8% |
4 Bed | $1,477,000 | -3.2% |
| 5 Bed | $1,771,000 | -1.9% |
% of Housing Stock
Rental Trends — San Rafael, CA
As of July '25, Rentcast reports the average rent in San Rafael, CA is $3,250, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in San Rafael, CA is studios: $1,930, 1-bedrooms: $2,490, 2-bedrooms: $3,270, 3-bedrooms: $5,370, 4-bedrooms: $6,040. The most common rental property sizes in San Rafael, CA are 1-bedroom and 2-bedroom, accounting for 34.1% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,680 | $3,250 |
| Studio Rent | $1,900 | $1,930 |
| 1 Bed Rent | $2,500 | $2,490 |
| 2 Bed Rent | $3,250 | $3,270 |
| 3 Bed Rent | $5,100 | $5,370 |
| 4 Bed Rent | $6,000 | $6,040 |
% of Rental Stock
Property Listings — San Rafael, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in San Rafael, CA is 52. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,120,000 | 54.0% |
Listing Count | 131 | 19.0% |
| Listings as % of Homes | 0.5% | 19.0% |
Days on Market | 52 | 8.0% |
Demographics — San Rafael, CA
As of the latest ACS Survey released in 2023, San Rafael, CA has a population of 31,100, which has increased by 3.6% over the past 5 years. San Rafael, CA is a moderately popular place for families, as children make up 16.2% of the population. The area has a highly educated workforce, with 55.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,100 | 3.6% |
% Under 18 | 16.2% | -17.3% |
% Seniors | 25.7% | 8.9% |
% WFH | 23.5% | 75.4% |
% w/ College Degree | 55.1% | -6.1% |
As of the latest ACS Survey released in 2023, San Rafael, CA is a predominantly white area, with 65.4% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in San Rafael, CA is hispanic, making up 19.3% of the population. Foreign-born residents account for 20.8% of the population in San Rafael, CA, and this percentage has increased by 11.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.4% | -8.1% |
% Black | 4.0% | 110.5% |
% Hispanic | 19.3% | 53.2% |
% Asian | 6.5% | -17.7% |
% Foreign Born | 20.8% | 11.2% |
Mortgage and Risk — San Rafael, CA
According to HUD data as of 2023, there were 332 mortgage originations in San Rafael, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in San Rafael, CA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 332 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — San Rafael, CA
As of 2024, the percent of homes in San Rafael, CA under the Section 8 program is 11.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in San Rafael, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 608 |
Total Units Section 8 | 466 |
% Rentals under Section 8 | 11.2% |
% Occupied Section 8 | 93.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $670 | $2,500 | $3,170 |
| 2 Bedroom | $530 | $3,250 | $3,780 |
| 3 Bedroom | -$390 | $5,100 | $4,710 |
| 4 Bedroom | -$990 | $6,000 | $5,010 |
Affordability — San Rafael, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.4 |
| Median Home Price | $1,214,000 |
| Median Household Income | $127,000 |