94040 Zip Code's January First-Time Homebuyer Report

94040 is a larger than average zip code in California with 32,054 residents. Its population is also growing slower than others at a 10-year growth rate of 3.1%. The 94040 zip code is an area where most people lease the homes they live in, with a renting ratio of 54.8%. Heading the list of top schools in the zip code is Springer Elementary School.

Price Range

Homes in the 94040 zip code are generally more expensive than others in the state with a median home value of $850,000 and an average list price of $1,807,136.

Curious as to which homes have been getting the most attention in the 94040 zip code? These listings have stirred up interest and produced the most views:

$1.7M   $2.8M   $1.6M  

Typical Dwelling

A three-bedroom detached home valued around $1,840,914 is considered a typical dwelling in the 94040 zip code. If a buyer was looking for a similar home, they would need good credit and a $368,183 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $6,797 and the property tax rate is $5.62 per $1,000 of taxable assessed value.

Get started right now by checking out 94040 homes for sale or reviewing 94040 real estate trends.


Data reported through 1/12/2017

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Better Homes and Gardens Real Estate J.F. Finnegan
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