What are the financial characteristics of housing for your zip code, metro area and state?
The American Community Survey produces data regarding the housing market at zip code, metro area and state level. As we await the release of the 2014 data from US Census Bureau, let’s take a look at the period from 2009 – 2013. The visualization below presents the following financial characteristics of housing at those three (zip code, metro, state) geographic levels:
- Median Home Value,
- Median Household Income,
- Median Monthly Housing Cost with/without mortgage,
- Median Real Estate Taxes with/without mortgage,
- Median Gross Rent.
The visualization also allows you to compare the financial characteristics of housing for each zip code with those of the metro area and state where they belong to.
From a sample of 32,981 zip codes, here is a summary of the zip codes/metro areas/states with the highest values of the above financial characteristics of housing. Check if your zip code is included in the lists below.
Zip Code Level
The zip codes in the following table had the highest median home value ($1,000,000+) (Table 1), median monthly housing cost with mortgage ($4,000+) (Table 3), median real estate taxes with mortgage ($10,000+) (Table 4) and median gross rent ($2,000+) (Table 5). (Click the hyperlinks for tables for individual variables).
Top Zip Codes for Median Housing and Rent Costs: |
|
Zip Code |
Metro Area |
90265, 90210, 90272, 91108, 92657 |
Los Angeles-Long Beach-Santa Ana, CA |
06820 |
Bridgeport-Stamford-Norwalk, CT |
07620, 10018, 10282, 10577, 11765 |
New York-Northern New Jersey-Long Island, NY-NJ-PA |
92067 |
San Diego-Carlsbad-San Marcos, CA |
94027, 94028, 94920 |
San Francisco-Oakland-Fremont, CA |
94022, 94024, 94304, 95070 |
San Jose-Sunnyvale-Santa Clara, CA |
However, we see that none of the above zip codes is included in the list with the highest median household income ($250,000+) (Table 2). Please see below for the zip codes where the median household income is greater than $250,000.
Top Zip Codes for Median Household Income |
|
Zip Code | Metro Area |
77010 | Houston-Sugar Land-Baytown, TX |
97028 | Portland-Vancouver-Beaverton, OR-WA |
07970 | New York-Northern New Jersey-Long Island, NY-NJ-PA |
21405 | Baltimore-Towson, MD |
95053 | San Jose-Sunnyvale-Santa Clara, CA |
98050 | Seattle-Tacoma-Bellevue, WA |
Metro Area Level
-
Highest median home value:
- San Jose-Sunnyvale-Santa Clara, CA ($636,900)
-
Highest median housing income:
- San Jose-Sunnyvale-Santa Clara, CA ($90,962)
-
Highest median monthly housing cost (with mortgage):
- San Jose-Sunnyvale-Santa Clara, CA ($3,025)
-
Highest median real estate taxes (with mortgage):
- New York-Northern New Jersey-Long Island, NY-NJ-PA ($7,201)
-
Highest median gross rent:
- San Jose-Sunnyvale-Santa Clara, CA ($1,558)
State Level
-
Highest median home value:
- Hawaii ($503,100)
-
Highest median household income:
- Maryland ($73,538)
-
Highest median monthly housing cost (with mortgage):
- New Jersey ($2,453)
-
Highest median real estate taxes (with mortgage):
- New Jersey ($7,301)
-
Highest median gross rent:
- Hawaii ($1,380)