ZIP Code 93405 — San Luis Obispo, California

The median home in 93405 is valued at $863,500 against a median household income of $48,388, a price-to-income ratio of 17.8. 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 San Luis Obispo County, 93405 ranks 19 of 19 ZIPs on affordability (1 = lowest ratio); the county median ratio is 8.0. Renting takes 47.2% of median household income (median rent $1,904 a month), above the 30% cost-burden threshold.

93405 ranks 1,437 of 1,558 statewide on median household income and 427 of 1,558 on median home value; its income is below the $89,889 San Luis Obispo County median. 33% of households own their home, below the 64% statewide ZIP median, so most residents rent. 50% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 45.9%, far above the 10.8% statewide ZIP median and among the highest in the state. Unemployment stands at 10.6%.

With 279 residents per square mile across 89.7 square miles of land, 93405 is far less dense than the statewide ZIP median of 1,120 (rank 999 of 1,558). This is rural or open territory where most of the land is agricultural, forest, desert or public land.