ZIP Code 94061 — Redwood City, California

The median home in 94061 is valued at $1,845,000 against a median household income of $139,810, a price-to-income ratio of 13.2. 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 San Mateo County, 94061 ranks 28 of 28 ZIPs on affordability (1 = lowest ratio); the county median ratio is 9.0. Renting takes 23.7% of median household income (median rent $2,763 a month), under the 30% cost-burden threshold.

94061 ranks 196 of 1,558 statewide on median household income and 61 of 1,558 on median home value; its income is below the $161,447 San Mateo County median. 53% of households own their home, below the 64% statewide ZIP median, making this a majority-owner ZIP. 50% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 4.7%, far below the 10.8% statewide ZIP median and among the lowest in the state. Unemployment stands at 5.8%.

With 9,625 residents per square mile across 3.9 square miles of land, 94061 is far denser than the statewide ZIP median of 1,120 (rank 170 of 1,558). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.