ZIP Code 94704 — Berkeley, California

The median home in 94704 is valued at $977,100 against a median household income of $51,696, a price-to-income ratio of 18.9. 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, 94704 ranks 47 of 47 ZIPs on affordability (1 = lowest ratio); the county median ratio is 7.9. Renting takes 47.8% of median household income (median rent $2,058 a month), above the 30% cost-burden threshold.

94704 ranks 1,391 of 1,558 statewide on median household income and 330 of 1,558 on median home value; its income is far below the $125,410 Alameda County median. 12% of households own their home, far below the 64% statewide ZIP median, so most residents rent. 72% of adults hold a bachelor's degree or higher, far above the 31% median, and the poverty rate is 47.5%, far above the 10.8% statewide ZIP median and among the highest in the state. Unemployment stands at 7.4%.

With 28,568 residents per square mile across 0.9 square miles of land, 94704 is far denser than the statewide ZIP median of 1,120 (rank 14 of 1,558). This is apartment-district density: expect multi-family housing, transit access and little single-family stock.