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These days, finding an affordable place to live in the 96016 area can be challenging. Home prices in 96016 are now at a median cost of $404,244, lower than the California average of $812,006.
The average cost of rent is $1,026/mo in 96016, primarily driven by the current value of real estate in the 96016 area. In 96016, 3.66% of households rent, and 33.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 96016 is $5,765 per month. Households that rent pay about 17.80% of their income on rent here. 96016’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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
- 96013, CA: less expensive homes
- 96028, CA: less expensive homes
- 96040, CA: equally priced homes
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- 96011, CA: less expensive homes
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- 96132, CA: less expensive homes
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- 96091, CA: less expensive homes
Zip Codes with Similar Populations
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- 68722, NE: less expensive homes
- 70465, LA: less expensive homes
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