These are the 10 most expensive ZIP codes for housing in the United States.
Home » News » These are the 10 most expensive ZIP codes for housing in the United States. January 26, 2022 Home prices will rise another 16% by the end of 2022 0:56
(CNN) — The most expensive neighborhoods to live in the United States have become even more expensive this year, as the cost of housing has skyrocketed.
The ten most expensive ZIP codes in the country have median home prices over $4 million, according to a report by Property Shark. This is the first time this has happened. And 30 of the top 100 ZIP codes have median prices over $3 million, more than double the number of areas at that price last year.
Atherton, Calif., which sits just outside San Francisco in Silicon Valley and is home to tech billionaires and venture capitalists, is the country’s most expensive ZIP code for the fifth straight year, with median home prices of $7.5 million. The city of about 7,000 people, which is more than 70% white, is entirely residential with 90% owner-occupied housing and no commercial zoning, according to the Census Bureau.
California is home to 70% of the most expensive real estate markets, including 37% in the Bay Area alone, according to the report. But the county with the most ZIP codes on the list was Los Angeles, with 21 ZIP codes in the top 100.
A ZIP code in Boston’s affluent Back Bay area was the second most expensive area in the United States, with a median home price of $5.5 million, according to the report.
Other top 10 regions include Sagaponack, New York, in the Hamptons; the Medina and Mercer Island enclaves in Washington; and in California, the zip codes of Santa Barbara, Santa Monica and popular 90210 Beverly Hills.
The pandemic has caused an upheaval at the top of the list. A ZIP code in Miami, which includes exclusive Fisher Island, saw a 66% year-over-year increase in home prices and jumped from number 23 last year to number five on the list. This is the highest ranking for a Florida zip code since 2017.
Meanwhile, a regular stalwart on the list of most expensive zip codes, New York, did not make the top 20. Last year marked the first year without a city zip code in the top ten, with the Big Apple falling even further down the list this year.
New York’s most expensive ZIP code, an area of Soho and Lower Manhattan, was the 22nd most expensive area in the country with a median sale price of $3.2 million. A ZIP code in TriBeCa came in at No. 25, with a median sale price of $3.1 million, according to the report.
While home prices rose across the country last year, the top 100 most expensive ZIP codes are in just 10 states: Arizona, California, Connecticut, Florida, Massachusetts, Maryland, New Jersey, Nevada, New York and Washington. .