ZIP Code 94560 — Newark, California

The median home in 94560 is valued at $1,034,900 against a median household income of $159,465, a price-to-income ratio of 6.5. That is in line with 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 Alameda County, 94560 ranks 7 of 47 ZIPs on affordability (1 = lowest ratio); the county median ratio is 7.9. Renting takes 19.9% of median household income (median rent $2,644 a month), under the 30% cost-burden threshold.

94560 ranks 126 of 1,558 statewide on median household income and 302 of 1,558 on median home value; its income is above the $125,410 Alameda County median. 70% of households own their home, above the 64% statewide ZIP median, making this a majority-owner ZIP. 44% of adults hold a bachelor's degree or higher, above the 31% median, and the poverty rate is 4.0%, far below the 10.8% statewide ZIP median and among the lowest in the state. Unemployment stands at 4.5%.

With 2,362 residents per square mile across 20.1 square miles of land, 94560 is far denser than the statewide ZIP median of 1,120 (rank 666 of 1,558). This is a low-density pattern of large lots, small towns or scattered subdivisions.