Sagaponack’s 11962 (in the Hamptons) and Atherton’s 94027 retain their top positions as the most expensive ZIPs in the country, despite seeing a considerable drop in median sale prices, but California isn’t getting any cheaper! Out of the 100 priciest ZIP codes, an impressive total of 72 are located in CA. NY trails behind, with a total of 21 ZIP codes, half of which are located in New York City.
And the 10 Priciest ZIP Codes in the Country Are…
#10. 94028, Portola Valley
The ZIP code that covers the entire Portola Valley town — which has already made a name for itself as one of the wealthiest towns in California — is so appealing to affluent buyers that it has commanded a median selling price of $2,815,000.
#9. 94022, Los Altos
Making its way to the top 10 (after landing on the 12th spot on our list last year), this Los Altos ZIP code can brag about median selling prices of $2,831,250.
#8. 94301, Palo Alto
This location — on top of being a stone’s throw from major employers, with the Googleplex itself being in the nearby Mountain View — has the added benefit of neighboring Stanford University. Despite that, the Palo Alto ZIP saw a $215,000 drop in selling prices, with the median for the area now sitting at $2,935,000.
#7. 90210, Beverly Hills
Registering an 11% drop in home prices, the iconic Beverly Hills ZIP code traded its Top 3 spot from last year for an honorable 7th spot on our list.
#6. 10007, New York City
Part TriBeCa, part Financial District, and surrounding the World Trade Center, 10007 saw a spectacular growth in 2016 in terms of selling prices: while the year before, homes in the area commanded a median price of $2,800,000, 2016 median selling prices jumped way past the $3 million mark, at $3,349,657.
#5. 90402, Santa Monica
The ritzy neighborhood north of Montana Avenue consolidates its position as a top attraction for affluent (and international) buyers, with a median price of $3,395,000.
#4. 33109, Miami Beach
A popular retirement destination for investors and affluent retirees, 33109 stands out as Florida’s most expensive ZIP code, with a median selling price of $3.4 million.
#3. 10013, New York City
Few areas can compete with the appeal of this ZIP code, which includes parts of TriBeCa, SoHo and Hudson Square. It then comes as no surprise that properties in the area sold for 12% more in 2016 compared to the previous year, with the median price now up to $3,808,765 — bumping it up one position and securing a top 3 spot among the most expensive ZIP codes in the country.
#2. 94027, Atherton
Despite being home to less than 8,000 residents, Atherton can pride itself on having some of the most expensive real estate in the country. Nevertheless, its 2016 median price of $5,425,000 is down 8% from 2015.
#1. 11962, Sagaponack
With its sprawling mansions — that sell for about $5.5 million — this Hampton’s ZIP code is the undisputed leader when it comes to hefty prices and exclusive living. But despite managing to maintain its top spot on the list of most expensive ZIP codes, Sagaponack saw a 35% decrease in median sale prices — which translates into a full $3 million price drop.
This post originally appeared on Zero Hedge