ZIP Code 93950 — Pacific Grove, California

The median home in 93950 is valued at $1,059,900 against a median household income of $102,553, a price-to-income ratio of 10.3. 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, 93950 ranks 22 of 27 ZIPs on affordability (1 = lowest ratio); the county median ratio is 6.8. Renting takes 26.9% of median household income (median rent $2,302 a month), under the 30% cost-burden threshold.

93950 ranks 548 of 1,558 statewide on median household income and 280 of 1,558 on median home value; its income is above the $84,669 Monterey County median. 49% of households own their home, below the 64% statewide ZIP median, so most residents rent. 57% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 7.1%, below the 10.8% statewide ZIP median. Unemployment stands at 5.6%.

With 5,392 residents per square mile across 2.8 square miles of land, 93950 is far denser than the statewide ZIP median of 1,120 (rank 417 of 1,558). This is predominantly single-family residential with suburban street patterns.