ZIP Code 94402 — San Mateo, California

The median home in 94402 is valued at more than $2,000,000 (the Census reporting ceiling) against a median household income of $184,453, a price-to-income ratio of at least 10.8. 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, 94402 ranks 25 of 28 ZIPs on affordability (1 = lowest ratio); the county median ratio is 9.0. Renting takes 21.6% of median household income (median rent $3,315 a month), under the 30% cost-burden threshold.

94402 ranks 76 of 1,558 statewide on median household income and 1 of 1,558 on median home value; its income is above the $161,447 San Mateo County median. 63% of households own their home, in line with the 64% statewide ZIP median, making this a majority-owner ZIP. 69% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 5.6%, below the 10.8% statewide ZIP median and among the lowest in the state. Unemployment stands at 4.2%.

With 5,127 residents per square mile across 5.1 square miles of land, 94402 is far denser than the statewide ZIP median of 1,120 (rank 438 of 1,558). This is predominantly single-family residential with suburban street patterns.