The Most Expensive ZIP Codes In The US, Visualized
Last month, home sales in the United States rose to a 14-year high. Thanks to low interest rates, a housing supply shortage, and people's desire to upgrade during the pandemic to accommodate their remote work, housing prices have soared. With median home prices increasing 16% year-over-year, which ZIP codes are now the most expensive in the US?
Using data from residential sales closed between January 1 and October 16, real estate site Property Shark identified the top 121 priciest ZIP codes in the country as measured by median sale price. It should be noted that Property Shark calculated median sale prices using closed home sales rather than asking prices to better reflect the market.
Here are the top 10 most expensive ZIP codes, according to Property Shark:
| Ranking | ZIP Code | Municipality | County | State | 2020 Median Sale Price |
|---|---|---|---|---|---|
| 1 | 94027 | Atherton | San Mateo County | CA | $7,000,000 |
| 2 | 11962 | Sagaponack | Suffolk County | NY | $3,875,000 |
| 3 | 90402 | Santa Monica | Los Angeles County | CA | $3,750,000 |
| 3 | 90210 | Beverly Hills | Los Angeles County | CA | $3,750,000 |
| 4 | 94957 | Ross | Marin County | CA | $3,605,000 |
| 5 | 94028 | Portola Valley | San Mateo County | CA | $3,530,000 |
| 6 | 94022 | Los Altos | Santa Clara County | CA | $3,453,000 |
| 7 | 11932 | Bridgehampton | Suffolk County | NY | $3,325,000 |
| 8 | 94301 | Palo Alto | Santa Clara County | CA | $3,298,000 |
| 9 | 98039 | Medina | King County | WA | $3,225,000 |
| 10 | 94024 | Los Altos | Santa Clara County | CA | $3,200,000 |
Property Shark
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.
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 10007, was the No. 5 most expensive ZIP code last year, with a median sale price of $3.9 million, but this year it has dropped to No. 11, with a median sale price of $3.15 million. The decrease is part of a downward trend seen among several expensive ZIP codes in New York City, many ZIP codes in Chelsea and the Garment District having also seen prices contract this year.
[See the full ranking at Property Shark]
