ZIP Code 90402 — Santa Monica, California

The median home in 90402 is valued at more than $2,000,000 (the Census reporting ceiling) against a median household income of $171,844, a price-to-income ratio of at least 11.6. That is far above the 6.7 median across the 1,558 California ZIP codes with published housing data, and well past the 3.0 ratio that marks an attainable market nationally, which means a household earning the local median income cannot finance the local median home on conventional terms. Within Los Angeles County, 90402 ranks 214 of 275 ZIPs on affordability (1 = lowest ratio); the county median ratio is 9.2. Renting takes 15.1% of median household income (median rent $2,162 a month), under the 30% cost-burden threshold.

90402 ranks 98 of 1,558 statewide on median household income and 1 of 1,558 on median home value; its income is far above the $87,339 Los Angeles County median. 74% of households own their home, above the 64% statewide ZIP median, making this a majority-owner ZIP. 79% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 6.9%, below the 10.8% statewide ZIP median. Unemployment stands at 3.0%.

With 5,908 residents per square mile across 2 square miles of land, 90402 is far denser than the statewide ZIP median of 1,120 (rank 368 of 1,558). This is predominantly single-family residential with suburban street patterns.