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And not only is Mountain Brook Alabama�s most expensive zip code, it�s also one of the richest school districts in America. However, while Alabama has the second-highest average mortgage rate, the $, a year needed to live there is among the lower figures in that regard, driven in part by the lowest average transportation costs in the U.S. 2/ �Google Maps. The Cost to Live in Alaska�s Most Expensive ZIP Code. Zip: City: Anchorage.� It contains most of Lake Oswego and is bordered to the east by the Willamette River, so anyone interested in boating or fishing might be more inclined to shell out the $1 million-plus that a median home costs. 39/ �Google Maps. The top 10 most expensive ZIP codes are clustered in California, with Atherton, California � the heart of Silicon Valley � claiming the No. 1 spot, with a $7 million median sale price. Atherton was also the most expensive ZIP code last year. Property Shark. While California and New York make up the majority of the most expensive ZIP codes in the US � California claims 87 of the priciest ZIP codes, New York 20 � this is the first time that no New York City ZIP codes have made the top 10 list. NYC's TriBeCa, ZIP code , was the No. 5 most expensive ZIP code last year, with a median sale. Miami Beach, ZIP code , is the most expensive ZIP code in Miami and the fourth most expensive ZIP code in the United States, according to Property Shark.?? Recently, low inventories of properties have been pushing prices to high levels. Fisher Island is an island accessible only by boat. However, at the top luxury end of the market, inventories have been growing, and prices dropped in and With a median home price of $ million � and lots of homes listed above $10 million � you might expect a few wealthy residents in Fisher Island, Miami�s most expensive ZIP code.� You can learn more about the standards we follow in producing accurate, unbiased content in our Most Expensive Boats For Lakes Office editorial policy. Property Shark. "The Most Expensive Zip Codes in Florida.".

The article below is simply a presentation of hard data and in no way attempts to ignore the devastation these areas have experienced. As always, when determining the most exclusive areas for high-priced real estate, we calculated median sale prices based on closed home sales, not asking prices, as we consider this methodology to provide the most accurate picture of actual market dynamics.

Whereas asking prices reflect sellers wishes, calculating medians based on sale prices reflects the transactional reality on the ground. For instance, bidding wars in highly competitive markets often push the sale price well above the initial listing price. Conversely, in less-sought-after markets, price cuts can be necessary to move the home.

This method also eliminates the outsized influence of ultra-luxury listings, which traditionally stay on the market for longer periods of time than the average home and also typically sell after significant price cuts.

All in all, after analyzing residential sales closed between January 1 and October 16, , we identified the highest medians in the country, which were claimed by zip codes due to 17 price ties. While California and New York have historically featured the bulk of the most expensive real estate in the country, the disparity between the U.

In fact, in , of the zip codes with the highest medians were located in California and New York. After California and New York, Massachusetts had the next-heaviest presence with four zip codes in the ranking. Connecticut and Nevada also added two zip codes each, while Arizona, Florida, Maryland, New Hampshire, New Jersey and Washington each contributed one, mostly in the bottom quarter of our list.

Specifically, in , medians registered year-over-year Y-o-Y gains in 78 locations and losses in 27 areas, whereas saw medians increase in 38 zip codes and contract in Similarly, � covering exclusive L. At the other end of the spectrum, 12 of the 27 zip codes that saw prices decline registered double-digit price drops � half of which were in New York, including the three most significant drops.

As such, Atherton remained the 1 most expensive zip code in the U. This ultra-exclusive Bay Area community is favored by billionaires, Silicon Valley executives, venture capitalists and sports A-listers. However, since then, it has been seriously outpaced by its West Coast rival.

Similarly to Atherton, albeit to a somewhat lesser degree, both Ross and Portola Valley have increasingly attracted high-profile athletes, entertainers and Silicon Valley executives. Zooming out to the metropolitan areas of the top zip codes in the country, the Bay Area, the Los Angeles metropolitan area and the vast New York metropolitan area dominate almost completely.

In fact, these three metros comprise a stunning of the total zip codes with the highest median sale prices in the country. This has been the case for years due to their exceptionally tight housing markets and traditionally attractive economies. As the uncontested epicenter of expensive housing, the Bay Area alone is home to 50 of the most expensive zip codes, including six of the 10 priciest. In the L. Yet again, the sheer dominance of California housing prices was also reaffirmed at the county level, as well.

While Santa Clara County was represented by two fewer zip codes than last year, it nevertheless placed three zips among the 10 most expensive nationally. As a result, San Francisco was the city with the highest number of pricey zip codes for the fourth consecutive year. The City of Los Angeles had the third-highest number of expensive zip codes, with seven ranking nationally.

Notably, L. This made L. But, for the first time ever, no NYC zip codes were among the 10 priciest in the U.

Its most expensive zip code, , came in at 11, while fellow exclusive NYC zip placed Taking a closer look at Newport Beach, its priciest areas experienced a slump this year. Not only was this the fourth-sharpest median sale price drop among the most expensive U. Specifically � and a historic first � no NYC zip codes ranked among the 10 most expensive in the U.

While the medians of both zip codes have naturally trended downward to a certain extent, they also both contracted by double digits compared to And just like in , NYC was again the city of contrasts, claiming both the sharpest median sale price drop and the sharpest increase.

That dynamic increase was fueled by luxury condo sales at a new development. In , it was the 26 most expensive zip code in the U. While NYC claimed 10 � with nine in Manhattan New York County and one in Brooklyn Kings County � areas outside the urban core yet still within close proximity to the city continued to be included among the most expensive zip codes.

It was the 65 most expensive zip code in the U. Nine other New York zip codes also ranked among the priciest nationally, all of them from Long Island. Specifically, Nassau County had three zip codes, while Suffolk County was represented by six exclusive Hamptons zip codes, including the 2 priciest in the U.

That was also the third-highest median price growth among the top most expensive zip codes. Sagaponack and Bridgehampton were joined by Wainscott and Water Mill , with all four Hamptons zip codes ranking among the most expensive nationally for the fifth year in a row. Although Seattle and Portland are no strangers to pricey housing markets, the Pacific Northwest overall has typically ranked only one or two zip codes among the most expensive.

Moreover, when looking at areas where expensive homes cluster, in the Pacific Northwest that usually means exclusive suburban enclaves in King County like Medina, Mercer Island and Bellevue. Favored by some of the most high-profile tech executives in the world � including Bill and Melinda Gates� has been on an unrelenting upward climb, with its median appreciating for five consecutive years.

Outside of California and King County, Wash. In the Mountain States, three zip codes from Arizona and Nevada posted medians high enough to rank among the priciest in the U. Known for pricey waterfront homes, Crystal Bay appeared for the second time among the most expensive zip codes in the U.

Of the six states in New England , three logged zip codes among the most expensive: Massachusetts featured four, Connecticut two and New Hampshire returned for the second year with in Rye Beach. Conversely, although Connecticut had one less zip code than last year, its two priciest zip codes saw their medians rise. Nantucket was followed by in Wellesley Hills, which ranked as the 68 most expensive zip code in the U.

Covering the ultra-exclusive Fisher Island, was the 23 most expensive zip code in the U. To determine the most expensive zip codes in the U. All package deals were excluded. For an accurate representation, we considered only zip codes that registered a minimum of three residential transactions.

Due to a number of ties, zip codes made it onto our list of the most expensive zip codes in Regions and Divisions were defined per U. Census Bureau designations. Zip Codes Zooming out to the metropolitan areas of the top zip codes in the country, the Bay Area, the Los Angeles metropolitan area and the vast New York metropolitan area dominate almost completely.

Methodology To determine the most expensive zip codes in the U. With an academic background in journalism, Eliza has been covering real estate since Eliza also writes for CommercialEdge. Reach her at [email protected]. You might also like.

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