94087 Zip Code's January First-Time Homebuyer Report

The 94087 zip code has a cost of living adjustment score of 239.3, which is very expensive when compared to others in California. Also, the area is considered very affluent with a median income of $94,308 per household. With a median age of 44 years, homes in the 94087 zip code tend to be older than most. Leading the list of best schools in the zip code are Louis E. Stocklmeir Elementary School, Cupertino Middle School, and Community Day.

Culture

According to Foursquare, In-N-Out Burger, Five Guys, and Bon Chon Chicken are the most popular spots to eat in 94087. You might also try Peacock Lounge, a popular place to get a drink. And a good place to get a cup of coffee is Peet's Coffee.

Price Range

Homes in the 94087 zip code are generally more expensive than others in the state with a median home value of $865,000 and an average list price of $1,622,668. With home sales in the 94087 zip code market already below average, in this week's report they dropped 11.5% to 23 homes sold over the last 30 days.

Curious as to which homes have been getting the most attention in the 94087 zip code? These listings have stirred up interest and produced the most views:

$1.7M   $1.7M   $1.6M  

Typical Dwelling

A three-bedroom detached home valued around $1,554,571 is considered a typical dwelling in the 94087 zip code. If a buyer was looking for a similar home, they would need good credit and a $310,914 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $7,022 and the property tax rate is $5.62 per $1,000 of taxable assessed value.

Get started right now by checking out 94087 homes for sale or reviewing 94087 real estate trends.


Data reported through 1/12/2017

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