ZIP Code 94401 — San Mateo, California

The median home in 94401 is valued at $1,093,400 against a median household income of $117,678, a price-to-income ratio of 9.3. That is 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, so buying here on a local median income requires substantial savings or a second income. Within San Mateo County, 94401 ranks 17 of 28 ZIPs on affordability (1 = lowest ratio); the county median ratio is 9.0. Renting takes 27.0% of median household income (median rent $2,649 a month), under the 30% cost-burden threshold.

94401 ranks 359 of 1,558 statewide on median household income and 257 of 1,558 on median home value; its income is below the $161,447 San Mateo County median. 45% of households own their home, below the 64% statewide ZIP median, so most residents rent. 46% of adults hold a bachelor's degree or higher, above the 31% median, and the poverty rate is 9.7%, below the 10.8% statewide ZIP median. Unemployment stands at 5.0%.

With 11,417 residents per square mile across 3.1 square miles of land, 94401 is far denser than the statewide ZIP median of 1,120 (rank 125 of 1,558). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.