ZIP Code 94703 — Berkeley, California

The median home in 94703 is valued at $1,215,900 against a median household income of $99,901, a price-to-income ratio of 12.2. 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 Alameda County, 94703 ranks 45 of 47 ZIPs on affordability (1 = lowest ratio); the county median ratio is 7.9. Renting takes 25.8% of median household income (median rent $2,149 a month), under the 30% cost-burden threshold.

94703 ranks 582 of 1,558 statewide on median household income and 189 of 1,558 on median home value; its income is below the $125,410 Alameda County median. 39% of households own their home, below the 64% statewide ZIP median, so most residents rent. 69% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 11.9%, above the 10.8% statewide ZIP median. Unemployment stands at 6.3%.

With 15,695 residents per square mile across 1.3 square miles of land, 94703 is far denser than the statewide ZIP median of 1,120 (rank 63 of 1,558). This is a mixed urban fabric of apartments, small-lot houses and commercial corridors.