94573, Rutherford, CA

The 94573 zip code of Rutherford, CA has a population of around 36,000 people. The median household income in this zip code is $101,000 which is considerably higher than the national median household income of $57,617. The homeownership rate in this zip code is around 73%, which is significantly higher than the national homeownership rate of 62%. This high homeownership rate likely reflects the fact that Rutherford is a affluent suburb located within close proximity to both San Francisco and Oakland.

As you would expect, home prices in Rutherford are quite high compared to other areas of California. The average home price in this zip code was $1.2 million as of March 2017, which is more than double the statewide average home price of $555,000. Furthermore, the median home value in Rutherford was nearly twice as high as the statewide median home value ($817,500 vs. $399,900). This indicates that there are a lot of wealthy households living in this zip code and that they are able to drive up housing prices significantly.

Interestingly enough, despite being located within close proximity to two major metropolitan areas (San Francisco and Oakland), the homeownership rate in Rutherford remains quite high. This suggests that there are plenty of people who can afford to buy homes here even though prices are relatively high. In addition, it seems like many people who live in Rutherford are able to use their equity from their homes to invest elsewhere or use it for other purposes such as paying down debt or saving for retirement. Overall, it seems like residents of this zip code have a lot going for them economically speaking!