Summary
- • Atherton, CA (94027) is the most expensive zip code in the US with a median home sale price of $7,900,000
- • Sagaponack, NY (11962) is the second most expensive zip code with a median home sale price of $5,750,000
- • Ross, CA (94957) ranks third with a median home sale price of $5,500,000
- • Miami Beach, FL (33109) is the fourth most expensive zip code with a median home sale price of $5,000,000
- • Beverly Hills, CA (90210) ranks fifth with a median home sale price of $4,750,000
- • California has 89 of the top 127 most expensive zip codes in the US
- • New York has 17 zip codes in the top 127 most expensive list
- • Connecticut has 5 zip codes in the top 127 most expensive list
- • Massachusetts has 4 zip codes in the top 127 most expensive list
- • Nevada has 3 zip codes in the top 127 most expensive list
- • The San Francisco Bay Area has 47 of the priciest zip codes in the US
- • Los Angeles County has 30 of the most expensive zip codes in the US
- • The median home sale price in Atherton, CA (94027) increased by 6% from 2021 to 2022
- • The median home sale price in Sagaponack, NY (11962) decreased by 2% from 2021 to 2022
- • The median home sale price in Ross, CA (94957) increased by 10% from 2021 to 2022
Step into the world of the rich and fabulous as we unravel the secrets of the Most Expensive Zip Codes in the US. From the jaw-dropping median home sale prices in exclusive enclaves like Atherton, CA to the staggering property tax rates that would make your eyes water faster than a Beverly Hills estate sold for $70 million, this list is as opulent as it gets. So, grab your champagne flute and lets take a ritzy ride through the lavish landscapes of Americas wealthiest neighborhoods where even the average household size screams luxury.
Demographics
- The average household income in Atherton, CA (94027) is $525,324
- The median age in Atherton, CA (94027) is 48.1 years
- In Sagaponack, NY (11962), 76.8% of residents have a bachelor's degree or higher
- The population of Ross, CA (94957) is approximately 2,415
- In Miami Beach, FL (33109), 44.5% of residents are foreign-born
- The average household size in Beverly Hills, CA (90210) is 2.32 persons
- The average household income in Medina, WA (98039) is $203,393
- In Water Mill, NY (11976), 62.5% of residents have a bachelor's degree or higher
- The population of Santa Barbara, CA (93108) is approximately 9,500
- In Newport Beach, CA (92662), 21.3% of residents are 65 years or older
- The median age in Medina, WA (98039) is 47.8 years
Interpretation
In a world where zip codes can reveal more than just mail delivery destinations, these statistics paint a picture of luxury, education, and diversity. From the stratospheric household incomes of Atherton to the educated residents of Sagaponack and Water Mill, it's clear that these zip codes are not just numbers but symbols of wealth and knowledge. Yet, amidst the grandeur, we see glimpses of reality – the diversity of Miami Beach, the aging population of Newport Beach. So next time you hear a zip code, remember it's not just about location, it's about the stories and lives within those five numbers.
Geographic Distribution
- California has 89 of the top 127 most expensive zip codes in the US
- New York has 17 zip codes in the top 127 most expensive list
- Connecticut has 5 zip codes in the top 127 most expensive list
- Massachusetts has 4 zip codes in the top 127 most expensive list
- Nevada has 3 zip codes in the top 127 most expensive list
- The San Francisco Bay Area has 47 of the priciest zip codes in the US
- Los Angeles County has 30 of the most expensive zip codes in the US
- Washington state has 2 zip codes in the top 127 most expensive list
- Florida has 7 zip codes in the top 127 most expensive list
- New Jersey has 5 zip codes in the top 127 most expensive list
- Arizona has 2 zip codes in the top 127 most expensive list
- Maryland has 1 zip code in the top 127 most expensive list
Interpretation
In an analysis that is as predictable as a Hollywood sequel, California gleams like a gleaming Lamborghini in a sea of Toyotas, boasting a staggering 89 of the top 127 most expensive zip codes in the US. Meanwhile, New York struts in with its 17 swanky zip codes, followed by Connecticut, Massachusetts, and other high-priced players in this real estate Monopoly game. It seems that in the land of sunshine and tech giants, just owning a small patch of dirt could cost you an arm and a leg, while the rest of the country looks on with a mix of awe and disbelief. Let the bidding wars begin!
Housing Characteristics
- The median home size in Atherton, CA (94027) is 6,857 square feet
- The average lot size in Sagaponack, NY (11962) is 2.3 acres
- 76% of homes in Ross, CA (94957) are owner-occupied
- The median year built for homes in Miami Beach, FL (33109) is 1987
- 65% of homes in Beverly Hills, CA (90210) have 4 or more bedrooms
Interpretation
The Most Expensive Zip Codes list reads like a real estate version of a rich person's wish list: Atherton boasts spacious homes fit for a king (or a tech mogul), Sagaponack offers expansive estates perfect for hosting lavish summer soirees, Ross exudes a sense of homeownership pride that screams "this castle is my kingdom," Miami Beach mixes a touch of classic glam with a hint of '80s extravagance, and Beverly Hills proves that having four bedrooms is just the beginning of luxury living. In these exclusive enclaves, the numbers may be impressive, but the price tags are where the real jaw-dropping statistics lie.
Market Dynamics
- The average days on market for homes in Atherton, CA (94027) is 62 days
- The sale-to-list price ratio in Sagaponack, NY (11962) is 95.8%
- 18% of homes in Ross, CA (94957) sold above list price in 2022
- The inventory of homes for sale in Miami Beach, FL (33109) increased by 15% from 2021 to 2022
- The average price per square foot in Beverly Hills, CA (90210) is $1,650
Interpretation
In the world of real estate, these Most Expensive Zip Codes statistics paint a fascinating picture of the high-stakes game of buying and selling luxury homes. From the leisurely 62 days on market in Atherton, CA, to the cutthroat 95.8% sale-to-list price ratio in Sagaponack, NY, and the impressive 18% of homes selling above list price in Ross, CA, it's clear that a mix of patience, negotiation skills, and perhaps a sprinkle of luck are required to navigate these exclusive markets. Meanwhile, Miami Beach, FL, seems to be booming with a 15% increase in inventory, while Beverly Hills, CA, continues to set the gold standard with its eye-watering average price per square foot of $1,650. Homebuyers and sellers, fasten your seat belts – the high-end real estate rollercoaster is in full swing!
Notable Sales
- The most expensive home sold in Atherton, CA (94027) in 2022 was priced at $52 million
- A mansion in Sagaponack, NY (11962) sold for $50 million in 2021
- A property in Ross, CA (94957) sold for $43 million in 2022
- A penthouse in Miami Beach, FL (33109) sold for $60 million in 2021
- A Beverly Hills, CA (90210) estate sold for $70 million in 2022
- A mansion in Water Mill, NY (11976) sold for $70 million in 2022
- A property in Santa Barbara, CA (93108) sold for $63 million in 2021
Interpretation
In a world where a mere zip code can dictate the price tag of a home, it seems the real estate market has transcended mere square footage and amenities to embrace a whole new level of exclusivity. From multi-million dollar mansions in Beverly Hills to lavish penthouses in Miami Beach, the sky truly seems to be the limit for those seeking the crème de la crème of luxury living. As the rest of us struggle to comprehend what a $70 million estate in Beverly Hills looks like, one thing is for certain - in the game of zip codes, the stakes are high and the wallets are even higher.
Price Trends
- The median home sale price in Atherton, CA (94027) increased by 6% from 2021 to 2022
- The median home sale price in Sagaponack, NY (11962) decreased by 2% from 2021 to 2022
- The median home sale price in Ross, CA (94957) increased by 10% from 2021 to 2022
- The median home sale price in Miami Beach, FL (33109) increased by 25% from 2021 to 2022
- The median home sale price in Beverly Hills, CA (90210) increased by 3% from 2021 to 2022
- The median home sale price in Water Mill, NY (11976) increased by 8% from 2021 to 2022
- The median home sale price in Santa Barbara, CA (93108) increased by 15% from 2021 to 2022
- The median home sale price in Newport Beach, CA (92662) increased by 5% from 2021 to 2022
- The median home sale price in Medina, WA (98039) increased by 12% from 2021 to 2022
Interpretation
In a tale as old as time (or at least as old as real estate), the saga of America's most expensive zip codes continues its captivating narrative. With Atherton modestly stepping up by 6%, Ross boldly surging forward by 10%, and Miami Beach sky-rocketing by a dazzling 25%, it's clear that the upper echelons of luxury living remain as sizzling as ever. Meanwhile, Sagaponack may have taken a slight dip, proving that even the Hamptons are not immune to the occasional market hiccup. In this extravagant real estate chess game, each zip code vies for the crown of opulence, with Santa Barbara leading the charge with an impressive 15% surge. As the numbers dance and plot their next move, one thing is certain – in the realm of wealth and property, the game is always in play, with no shortage of surprises in store for the elite homeowners of these exclusive enclaves.
Property Taxes
- The average property tax rate in Atherton, CA (94027) is 0.76%
- The average property tax rate in Sagaponack, NY (11962) is 0.64%
- The average property tax rate in Ross, CA (94957) is 0.79%
- The average property tax rate in Miami Beach, FL (33109) is 1.02%
- The average property tax rate in Beverly Hills, CA (90210) is 1.13%
Interpretation
These statistics prove that living in a prestigious zip code may come with hefty property tax bills. Apparently, the price tag of luxury extends beyond designer clothes and sports cars to include a premium on where you park them. So, if you want to flaunt your address in Beverly Hills or Miami Beach, be prepared to pay up – because when it comes to property taxes, even the rich have to dig deep into their pockets.
Top Ranked Zip Codes
- Atherton, CA (94027) is the most expensive zip code in the US with a median home sale price of $7,900,000
- Sagaponack, NY (11962) is the second most expensive zip code with a median home sale price of $5,750,000
- Ross, CA (94957) ranks third with a median home sale price of $5,500,000
- Miami Beach, FL (33109) is the fourth most expensive zip code with a median home sale price of $5,000,000
- Beverly Hills, CA (90210) ranks fifth with a median home sale price of $4,750,000
- The most expensive zip code in New Jersey is Alpine (07620) with a median home sale price of $2,183,000
- Water Mill, NY (11976) is the 6th most expensive zip code with a median home sale price of $4,395,000
- Santa Barbara, CA (93108) ranks 7th with a median home sale price of $4,103,000
- Newport Beach, CA (92662) is the 8th most expensive zip code with a median home sale price of $4,080,000
- Medina, WA (98039) ranks 9th with a median home sale price of $4,000,000
Interpretation
In the exclusive world of real estate, these zip codes are not just numbers but monikers of prestige and opulence. From the grand estates of Atherton to the beachfront retreats of Miami Beach, these astronomical home prices serve as a velvet rope, separating the elite from the merely affluent. In these enclaves of wealth, a home isn't just a shelter but a statement of status, a tangible marker of one's place in the rarefied air of luxury living. So if you find yourself browsing listings in these top zip codes, be prepared to dig deep into your pockets – because in this playground of the rich and famous, even the price tags have a touch of glamour.
