ZIP Code 90405 — Santa Monica, California

The median home in 90405 is valued at $1,683,300 against a median household income of $101,713, a price-to-income ratio of 16.5. 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, 90405 ranks 257 of 275 ZIPs on affordability (1 = lowest ratio); the county median ratio is 9.2. Renting takes 25.3% of median household income (median rent $2,148 a month), under the 30% cost-burden threshold.

90405 ranks 560 of 1,558 statewide on median household income and 81 of 1,558 on median home value; its income is above the $87,339 Los Angeles County median. 31% of households own their home, far below the 64% statewide ZIP median, so most residents rent. 68% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 10.5%, in line with the 10.8% statewide ZIP median. Unemployment stands at 7.1%.

With 9,636 residents per square mile across 2.8 square miles of land, 90405 is far denser than the statewide ZIP median of 1,120 (rank 168 of 1,558). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.