ZIP Code 94063 — Redwood City, California

The median home in 94063 is valued at $1,094,000 against a median household income of $107,734, a price-to-income ratio of 10.2. 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, 94063 ranks 22 of 28 ZIPs on affordability (1 = lowest ratio); the county median ratio is 9.0. Renting takes 29.8% of median household income (median rent $2,671 a month), under the 30% cost-burden threshold.

94063 ranks 481 of 1,558 statewide on median household income and 256 of 1,558 on median home value; its income is below the $161,447 San Mateo County median. 32% of households own their home, far below the 64% statewide ZIP median, so most residents rent. 35% of adults hold a bachelor's degree or higher, above the 31% median, and the poverty rate is 11.3%, in line with the 10.8% statewide ZIP median. Unemployment stands at 4.1%.

With 5,355 residents per square mile across 6.5 square miles of land, 94063 is far denser than the statewide ZIP median of 1,120 (rank 420 of 1,558). This is predominantly single-family residential with suburban street patterns.