ZIP Code 94947 — Novato, California

The median home in 94947 is valued at $928,100 against a median household income of $121,338, a price-to-income ratio of 7.6. 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 Marin County, 94947 ranks 5 of 26 ZIPs on affordability (1 = lowest ratio); the county median ratio is 8.9. Renting takes 23.9% of median household income (median rent $2,419 a month), under the 30% cost-burden threshold.

94947 ranks 332 of 1,558 statewide on median household income and 368 of 1,558 on median home value; its income is in line with the $127,509 Marin County median. 74% of households own their home, above the 64% statewide ZIP median, making this a majority-owner ZIP. 46% of adults hold a bachelor's degree or higher, above the 31% median, and the poverty rate is 9.6%, below the 10.8% statewide ZIP median. Unemployment stands at 6.1%.

With 1,150 residents per square mile across 21.9 square miles of land, 94947 is in line with the statewide ZIP median of 1,120 (rank 774 of 1,558). This is a low-density pattern of large lots, small towns or scattered subdivisions.