Hang on to your hat.
The winner is Atherton, a small town in Silicon Valley with just one zip code, with a median sale price (not asking price) of $4.95 million in 2017. But that’s down 8.8% from the even juicier $5.5 million in 2016.
It beat Sagaponack’s 11962 zip code. The community in the Hamptons had reigned supreme in the prior two years. But in 2017, it dropped to 15th place “mainly due to more sales recorded at lower price points, which slashed its median sale price in half,” to just $2.82 million, according to Yardi’s PropertyShark. That’s quite a step down from $5.5 million last year.
In second place is New York City’s 10013 zip code, which covers TriBeCa with its luxury condo developments. It came in with a median sales price of $4.1 million, up 7.7% from last year.
In third place is 33109 in Fisher Island, “a small, secluded island community” in Miami-Dade County, with a median sales price of $4.05 million, which is up nearly 20% from 2016.
By comparison, according to the National Association of Realtors, the median existing-home price in the US in October was $247,000, which includes all these high-priced areas as well.
Median price means that half of the homes sold for more and half sold for less. The data is based on all residential transactions closed in 2017, including condo, co-ops, single-family, and two-family homes, according to PropertyShark. All package deals are excluded.
The cheapest, so to speak, of the top 10 zip codes has a median sale prices of $3 million. Five of the top 10 are in California, four in New York, and one in Florida.
Of the most expensive 110 zip codes in the table below, 77 are in California and 19 are in New York. These five states have two each on the list:
- New Jersey
And these four states have one zip code each on the list:
San Francisco has nine zip codes in the top 110, the most of any city. But its most expensive zip code – 94118, with a median sale price of $1.9 million – ranks only in 42nd place. These types of averages can be a little confusing. The zip code covers a large area with a mix of small ultra-expensive, movie-star-studded areas around Lake Street and Presidio Heights and much less expensive but larger areas, such as part of the Richmond District.
Other cities of note:
- New York City has seven zip codes in the top 110, two of which are ranked 2nd and 4th.
- The city of Los Angeles has five zip codes in the top 110, with the most expensive ranking in 19th place.
- Newport Beach (Orange County, CA) has four in the top 110, including one that occupies 12th place.
At the county level, Los Angeles County is in the top spot, with 18 zip codes in the top. Santa Clara County, one half of Silicon Valley, is in second place with 15 zip codes in the top. San Mateo County, the other half of Silicon Valley, has 10 zip codes.
Silicon Valley accounts for 25 zip codes in the top 110. And the entire Bay Area hogs 45 of the nation’s 110 most expensive zip codes. Here is the whole list (since several zip codes have the same median price and thus share a rank, this list shows the 100 highest median prices spread over 110 zip codes):
The Most Expensive Housing Zip Codes in the US
|1||94027||Atherton||San Mateo County||CA||$4,950,000|
|2||10013||New York||New York County||NY||$4,100,000|
|3||33109||Miami Beach||Miami-Dade County||FL||$4,052,500|
|4||10007||New York||New York County||NY||$3,988,683|
|5||90210||Beverly Hills||Los Angeles County||CA||$3,850,000|
|6||90402||Santa Monica||Los Angeles County||CA||$3,512,500|
|7||94301||Palo Alto||Santa Clara County||CA||$3,300,000|
|8||94022||Los Altos||Santa Clara County||CA||$3,200,000|
|9||11976||Water Mill||Suffolk County||NY||$3,162,500|
|12||92657||Newport Coast||Orange County||CA||$2,950,000|
|13||94028||Portola Valley||San Mateo County||CA||$2,895,000|
|14||94024||Los Altos||Santa Clara County||CA||$2,875,000|
|16||92661||Newport Beach||Orange County||CA||$2,800,000|
|17||10282||New York||New York County||NY||$2,775,000|
|18||93108||Santa Barbara||Santa Barbara County||CA||$2,757,500|
|19||90272||Los Angeles||Los Angeles County||CA||$2,730,000|
|20||94528||Diablo||Contra Costa County||CA||$2,618,750|
|21||94303||Palo Alto||Santa Clara County||CA||$2,600,000|
|23||92662||Newport Beach||Orange County||CA||$2,575,000|
|24||10006||New York||New York County||NY||$2,571,082|
|26||90265||Malibu||Los Angeles County||CA||$2,525,000|
|27||94306||Palo Alto||Santa Clara County||CA||$2,455,000|
|28||94010||Burlingame||San Mateo County||CA||$2,400,000|
|29||95070||Saratoga||Santa Clara County||CA||$2,320,000|
|30||90266||Manhattan Beach||Los Angeles County||CA||$2,250,000|
|31||95030||Los Gatos||Santa Clara County||CA||$2,211,250|
|32||92067||Rancho Santa Fe||San Diego County||CA||$2,210,000|
|33||94305||Stanford||Santa Clara County||CA||$2,200,000|
|34||10069||New York||New York County||NY||$2,161,000|
|35||91108||San Marino||Los Angeles County||CA||$2,150,000|
|36||92625||Corona Del Mar||Orange County||CA||$2,100,000|
|38||90077||Los Angeles||Los Angeles County||CA||$2,068,437|
|39||94025||Menlo Park||San Mateo County||CA||$2,062,500|
|40||90212||Beverly Hills||Los Angeles County||CA||$2,060,000|
|41||90049||Los Angeles||Los Angeles County||CA||$1,960,000|
|42||94118||San Francisco||San Francisco County||CA||$1,902,000|
|43||94104||San Francisco||San Francisco County||CA||$1,860,500|
|45||11568||Old Westbury||Nassau County||NY||$1,812,500|
|46||10012||New York||New York County||NY||$1,807,500|
|47||94123||San Francisco||San Francisco County||CA||$1,800,000|
|51||92651||Laguna Beach||Orange County||CA||$1,765,000|
|53||94087||Sunnyvale||Santa Clara County||CA||$1,750,500|
|54||95014||Cupertino||Santa Clara County||CA||$1,749,500|
|55||94041||Mountain View||Santa Clara County||CA||$1,735,000|
|56||90291||Venice||Los Angeles County||CA||$1,732,500|
|57||94402||San Mateo||San Mateo County||CA||$1,712,500|
|57||90742||Sunset Beach||Orange County||CA||$1,712,500|
|58||94062||Redwood City||San Mateo County||CA||$1,699,500|
|59||92660||Newport Beach||Orange County||CA||$1,685,000|
|60||94040||Mountain View||Santa Clara County||CA||$1,665,500|
|61||93953||Pebble Beach||Monterey County||CA||$1,652,500|
|62||94114||San Francisco||San Francisco County||CA||$1,652,000|
|63||94970||Stinson Beach||Marin County||CA||$1,650,000|
|64||91011||La Canada Flintridge||Los Angeles County||CA||$1,642,500|
|65||95032||Los Gatos||Santa Clara County||CA||$1,634,000|
|66||94070||San Carlos||San Mateo County||CA||$1,625,000|
|67||33921||Boca Grande||Lee County||FL||$1,605,000|
|68||93921||Carmel By The Sea||Monterey County||CA||$1,600,000|
|68||94127||San Francisco||San Francisco County||CA||$1,600,000|
|69||92663||Newport Beach||Orange County||CA||$1,597,500|
|71||94002||Belmont||San Mateo County||CA||$1,590,000|
|72||11024||Great Neck||Nassau County||NY||$1,570,000|
|73||94133||San Francisco||San Francisco County||CA||$1,565,000|
|74||94507||Alamo||Contra Costa County||CA||$1,563,750|
|75||90274||Palos Verdes Penin.||Los Angeles County||CA||$1,550,000|
|76||90254||Hermosa Beach||Los Angeles County||CA||$1,538,500|
|77||90405||Santa Monica||Los Angeles County||CA||$1,535,000|
|79||91008||Duarte||Los Angeles County||CA||$1,500,000|
|79||91436||Encino||Los Angeles County||CA||$1,500,000|
|79||94117||San Francisco||San Francisco County||CA||$1,500,000|
|80||11765||Mill Neck||Nassau County||NY||$1,486,848|
|81||95129||San Jose||Santa Clara County||CA||$1,475,000|
|82||94030||Millbrae||San Mateo County||CA||$1,466,500|
|83||90036||Los Angeles||Los Angeles County||CA||$1,465,000|
|84||90048||Los Angeles||Los Angeles County||CA||$1,455,000|
|85||10024||New York||New York County||NY||$1,454,000|
|87||21056||Gibson Island||Anne Arundel County||MD||$1,450,000|
|88||94061||Redwood City||San Mateo County||CA||$1,449,500|
|91||94563||Orinda||Contra Costa County||CA||$1,430,000|
|92||92014||Del Mar||San Diego County||CA||$1,425,000|
|92||11963||Sag Harbor||Suffolk County||NY||$1,425,000|
|93||7078||Short Hills||Essex County||NJ||$1,422,500|
|94||94121||San Francisco||San Francisco County||CA||$1,412,000|
|95||92118||Coronado||San Diego County||CA||$1,407,500|
|96||94115||San Francisco||San Francisco County||CA||$1,397,500|
|97||2481||Wellesley Hills||Norfolk County||MA||$1,390,000|
|98||95120||San Jose||Santa Clara County||CA||$1,385,000|
|100||94549||Lafayette||Contra Costa County||CA||$1,374,500|
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