ZIP Code 94404 — San Mateo, California

The median home in 94404 is valued at $1,592,100 against a median household income of $182,699, a price-to-income ratio of 8.7. 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, 94404 ranks 10 of 28 ZIPs on affordability (1 = lowest ratio); the county median ratio is 9.0. Renting takes 23.0% of median household income (median rent $3,501 a month), under the 30% cost-burden threshold.

94404 ranks 78 of 1,558 statewide on median household income and 98 of 1,558 on median home value; its income is above the $161,447 San Mateo County median. 52% of households own their home, below the 64% statewide ZIP median, making this a majority-owner ZIP. 73% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 3.9%, far below the 10.8% statewide ZIP median and among the lowest in the state. Unemployment stands at 4.1%.

With 8,464 residents per square mile across 4.3 square miles of land, 94404 is far denser than the statewide ZIP median of 1,120 (rank 221 of 1,558). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.