Top 10 most expensive zip codes in the United States

The country’s top ten most expensive zip codes all have median house prices of more than $ 4 million, according to a report from Property Shark. This is the first time this has happened. And 30 of the 100 most expensive zip codes have median prices of over $ 3 million, more than twice as many areas at that price last year.

Atherton, California – located outside of San Francisco in Silicon Valley and home to technology billionaires and venture capitalists – is the most expensive zip code in the country for the fifth year in a row, with a median house price of $ 7.5 million. The city of about 7,000 people, who are more than 70% white, is completely residential with 90% owner-occupied homes and no commercial zoning, according to the Census Bureau.

California is home to 70% of the most expensive housing markets, with 37% in the Bay Area alone, the report found. But the county with the most zip codes on the list was Los Angeles County, with 21[ads1] zip codes in the top 100.

A zip code in the affluent Back Bay area of ​​Boston was the second most expensive area in the United States, with an average house price of $ 5.5 million, according to the report.

Other areas in the top ten include Sagaponack, New York, in the Hamptons; the enclaves of Medina and Mercer Island, Washington; and in California, zip codes in Santa Barbara, Santa Monica as well as Beverly Hills well-known 90210 zip codes.

The pandemic led to some reshuffling at the top of the list. A zip code in Miami, which includes the exclusive Fisher Island, saw a 66% jump in house prices year over year and rose from number 23 last year to number five on the list. It is the highest ranking for a Florida zip code since 2017.

Meanwhile, a regular mainstay on the top zip code list, New York City, did not make the top 20. Last year was the first year no zip code in the city came in the top ten, with the Big Apple even falling further down the list this year.

New York’s most expensive zip code – an area in Soho and Lower Manhattan – was the 22nd most expensive area in the country with a median selling price of $ 3.2 million. A TriBeCa zip code came in at number 25, with a median selling price of $ 3.1 million, according to the report.

While house prices went up across the country last year, the top 100 zip codes are in just 10 states: Arizona, California, Connecticut, Florida, Massachusetts, Maryland, New Jersey, Nevada, New York and Washington.

Source link

Back to top button