ZIP Code 93908 — Salinas, California

The median home in 93908 is valued at $962,100 against a median household income of $159,688, a price-to-income ratio of 6.0. 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, 93908 ranks 9 of 27 ZIPs on affordability (1 = lowest ratio); the county median ratio is 6.8. Renting takes 13.0% of median household income (median rent $1,731 a month), under the 30% cost-burden threshold.

93908 ranks 124 of 1,558 statewide on median household income and 341 of 1,558 on median home value; its income is far above the $84,669 Monterey County median. 81% of households own their home, above the 64% statewide ZIP median, making this a majority-owner ZIP. 54% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 5.0%, far below the 10.8% statewide ZIP median and among the lowest in the state. Unemployment stands at 3.9%.

With 54 residents per square mile across 240.9 square miles of land, 93908 is far less dense than the statewide ZIP median of 1,120 (rank 1,227 of 1,558). This is rural or open territory where most of the land is agricultural, forest, desert or public land.