ZIP Code 93451 — San Miguel, California

The median home in 93451 is valued at $487,100 against a median household income of $77,500, a price-to-income ratio of 6.3. That is below 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, so buying here on a local median income requires substantial savings or a second income. Within Monterey County, 93451 ranks 11 of 27 ZIPs on affordability (1 = lowest ratio); the county median ratio is 6.8. Renting takes 28.1% of median household income (median rent $1,813 a month), under the 30% cost-burden threshold.

93451 ranks 936 of 1,558 statewide on median household income and 946 of 1,558 on median home value; its income is below the $84,669 Monterey County median. 62% of households own their home, in line with the 64% statewide ZIP median, making this a majority-owner ZIP. 24% of adults hold a bachelor's degree or higher, below the 31% median, and the poverty rate is 19.9%, far above the 10.8% statewide ZIP median. Unemployment stands at 5.7%.

With 11 residents per square mile across 447.2 square miles of land, 93451 is far less dense than the statewide ZIP median of 1,120 (rank 1,414 of 1,558). This is rural or open territory where most of the land is agricultural, forest, desert or public land.