ZIP 94002 - 860Z200US94002 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 94002, located in the heart of California’s San Mateo County, this demographic and housing snapshot offers a clear picture of the area in 2023. With a robust population, high-income households, and a competitive housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to help you make informed decisions about living, investing, or operating in 94002.

Population & Households

ZIP 94002 is home to a population of 27,730 residents as of 2023, making it a moderately sized community with a vibrant local presence. These residents are distributed across 10,608 households, reflecting a strong residential base. With 11,307 total housing units in the area, there’s a slight surplus of units over households, which could indicate some availability for new residents or investors, though competition remains fierce given the area’s desirability.

Income & Housing Costs

One of the standout features of ZIP 94002 is its economic strength. The median household income stands at an impressive $204,573, signaling a high-earning community with significant purchasing power. This income level supports a robust housing market, where the median house value reaches $2,000,000. For renters, the median rent is $2,889 per month, reflecting the premium cost of living in this area. These figures underscore that 94002 is a high-demand, high-cost market, appealing to affluent buyers and investors seeking long-term value.

Race & Ethnicity

The demographic makeup of ZIP 94002 is diverse, offering a multicultural environment that enriches the community. The racial composition includes 45.94% White, 29.38% Asian, 14.3% Hispanic, and 1.52% Black residents, among other groups. This diversity can be a draw for families and businesses looking for an inclusive setting, while also providing insights for marketers and small-business owners aiming to cater to varied cultural preferences and needs.

Key Facts

• Total population in ZIP 94002: 27,730 residents in 2023.
• Total households: 10,608, indicating a strong residential community.
• Total housing units: 11,307, suggesting limited but potential availability.
• Median household income: $204,573, reflecting high earning potential.
• Median house value: $2,000,000, a marker of a premium real estate market.
• Median rent: $2,889 per month, aligning with the area’s high cost of living.
• Diverse population: 45.94% White, 29.38% Asian, 14.3% Hispanic, 1.52% Black.

What This Means for You

For homebuyers, ZIP 94002 offers a prestigious address with access to a high-income, diverse community, but be prepared for steep costs—whether buying a home at a median value of $2,000,000 or renting at $2,889 monthly. This area is best suited for those with substantial budgets seeking long-term stability in a sought-after location.

For real estate investors and agents, the high median house value and limited housing surplus suggest strong appreciation potential, though entry costs are significant. Focus on properties that cater to affluent buyers or renters who can afford the premium pricing in 94002, and consider the slight excess of housing units as a potential opportunity for strategic acquisitions.

For small-business owners, the high median income of $204,573 indicates a customer base with disposable income, ideal for premium products or services. The diverse population also means you can tailor offerings to a wide range of cultural preferences, enhancing market reach. Location costs will be high, so plan for elevated rent or property expenses.

For analysts, the data points to a stable, affluent market with diversity as a key characteristic. Use these metrics to benchmark against other ZIP codes or to identify trends in high-value real estate markets like 94002.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into 94002? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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