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These days, finding an affordable place to live in the 94940 area can be challenging. Home prices in 94940 are now at a median cost of $1,584,000, higher than the California average of $812,006.
The average cost of rent is $1,439/mo in 94940, primarily driven by the current value of real estate in the 94940 area. In 94940, 40.23% of households rent, and 76.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 94940 is $8,802 per month. Households that rent pay about 16.35% of their income on rent here. 94940’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 94937, CA: equally priced homes
- 94956, CA: equally priced homes
- 94971, CA: equally priced homes
- 94950, CA: less expensive homes
- 94929, CA: equally priced homes
- 94946, CA: higher priced homes
- 94952, CA: less expensive homes
- 94938, CA: less expensive homes
- 94933, CA: less expensive homes
- 94963, CA: less expensive homes
Zip Codes with Similar Populations
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- 04657, ME: less expensive homes
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- 60109, IL: less expensive homes
- 60946, IL: less expensive homes
- 60968, IL: less expensive homes
- 61333, IL: less expensive homes
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