ZIP Code 93921 — Carmel, California

The median home in 93921 is valued at $1,966,500 against a median household income of $118,472, a price-to-income ratio of 16.6. 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 Monterey County, 93921 ranks 27 of 27 ZIPs on affordability (1 = lowest ratio); the county median ratio is 6.8. Renting takes 27.4% of median household income (median rent $2,705 a month), under the 30% cost-burden threshold.

93921 ranks 356 of 1,558 statewide on median household income and 54 of 1,558 on median home value; its income is above the $84,669 Monterey County median. 50% of households own their home, below the 64% statewide ZIP median, making this a majority-owner ZIP. 75% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 0.9%, far below the 10.8% statewide ZIP median and among the lowest in the state. Unemployment stands at 0.2%.

With 2,469 residents per square mile across 1 square miles of land, 93921 is far denser than the statewide ZIP median of 1,120 (rank 656 of 1,558). This is a low-density pattern of large lots, small towns or scattered subdivisions.