ZIP Code 94040 — Mountain View, California

The median home in 94040 is valued at more than $2,000,000 (the Census reporting ceiling) against a median household income of $175,147, a price-to-income ratio of at least 11.4. 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 Santa Clara County, 94040 ranks 50 of 56 ZIPs on affordability (1 = lowest ratio); the county median ratio is 8.6. Renting takes 19.7% of median household income (median rent $2,878 a month), under the 30% cost-burden threshold.

94040 ranks 87 of 1,558 statewide on median household income and 1 of 1,558 on median home value; its income is above the $159,101 Santa Clara County median. 38% of households own their home, below the 64% statewide ZIP median, so most residents rent. 78% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 6.0%, below the 10.8% statewide ZIP median and among the lowest in the state. Unemployment stands at 3.6%.

With 9,640 residents per square mile across 3.7 square miles of land, 94040 is far denser than the statewide ZIP median of 1,120 (rank 167 of 1,558). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.