ZIP Code 95065

In ZIP code 95065, near Santa Cruz, homes carry a median value of $1,228,500, dwarfing the median household income of $153,222 and per-capita income of $75,600. Even with a county effective property tax rate of 0.64%, annual property taxes on such a home run high in dollar terms because the assessed value is so large. Combined with a 9.50% sales tax rate, carrying costs add up quickly. Buying here demands substantial income or equity, and the gap between earnings and home prices shapes who can settle in this coastal area.