ZIP Code 95037 — Morgan Hill, California

The median home in 95037 is valued at $1,100,500 against a median household income of $153,091, a price-to-income ratio of 7.2. 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 Santa Clara County, 95037 ranks 10 of 56 ZIPs on affordability (1 = lowest ratio); the county median ratio is 8.6. Renting takes 17.6% of median household income (median rent $2,243 a month), under the 30% cost-burden threshold.

95037 ranks 141 of 1,558 statewide on median household income and 249 of 1,558 on median home value; its income is in line with the $159,101 Santa Clara County median. 72% of households own their home, above the 64% statewide ZIP median, making this a majority-owner ZIP. 45% of adults hold a bachelor's degree or higher, above the 31% median, and the poverty rate is 3.7%, far below the 10.8% statewide ZIP median and among the lowest in the state. Unemployment stands at 4.4%.

With 432 residents per square mile across 120.1 square miles of land, 95037 is far less dense than the statewide ZIP median of 1,120 (rank 925 of 1,558). This is a low-density pattern of large lots, small towns or scattered subdivisions.