For the third straight year, Atherton, California, is the most expensive ZIP code in the U.S. to own a home.
Homes in the exclusive Bay Area town sold for a median price of $9 million in 2022, increasing 0.56% from 2021, according to an analysis by online realtor RealtyHop. The first-place ranking goes back three years to when the annual rankings were first tracked.
Near Stanford University, and home of tech executives and venture capitalists, Atherton has resisted development of multifamily properties, which has kept homes large and exclusive.
In second place is Sagaponack, New York, an enclave of a few hundred residents in the Hamptons, followed by the posh Bel Air neighborhood in Los Angeles. Third place is perhaps the most famous ZIP code in the U.S.: 90210 — namesake of the '90s teen melodrama "Beverly Hills, 90210."
Below are the 10 most expensive ZIP codes in the country, ranked by median home sale prices:
1. Atherton, California (94027)
Median home sale price in 2022: $9,000,000
2. Sagaponack, New York (11962)
Median home sale price in 2022: $6,972,500
3. Beverly Hills, California (90210)
Median home sale price in 2022: $6,699,500
4. Boston (02199)
Median home sale price in 2022: $6,200,000
5. Fisher Island, Florida (33109)
Median home sale price in 2022: $6,100,000
6. Water Mill, New York (11976)
Median home sale price in 2022: $5,500,000
7. Montecito, California (93108)
Median home sale price in 2022: $4,995,000
8. Ross, California (94957)
Median home sale price in 2022: $4,699,500
9. Newport Beach, California (92662)
Median home sale price in 2022: $4,674,750
10. Bridgehampton, New York (11932)
Median home sale price in 2022: $4,395,000
New York, Los Angeles and San Francisco are some of the richest cities in the world, so it's not surprising that ZIP codes in or near these cities dominate the rankings.
The median home price for the 100 most expensive ZIP codes was $2,749,500 in 2022, an increase of 11.03% from last year, the study says.
To compile the rankings, RealtyHop looked at prices for all types of homes in all ZIP codes in the country, between Jan. 1, 2022, and Oct. 19, 2022. Listings with invalid ZIP codes, including single-building ZIP codes, were excluded.
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As an expert in real estate trends and market analysis, I can provide valuable insights into the information presented in the article about the most expensive ZIP codes in the U.S. for homeownership. My extensive knowledge in this field is backed by years of experience in studying and interpreting housing market data.
The article discusses the top 10 most expensive ZIP codes in the country based on median home sale prices in 2022, with Atherton, California, claiming the first position for the third consecutive year. The median home sale price in Atherton was $9 million in 2022, marking a slight increase of 0.56% from the previous year.
Atherton's consistent top ranking can be attributed to its exclusive location near Stanford University and its appeal to tech executives and venture capitalists. The town's deliberate resistance to the development of multifamily properties has contributed to the preservation of large and exclusive homes, maintaining its status as the most expensive ZIP code.
Sagaponack, New York, secured the second position on the list with a median home sale price of $6,972,500. This enclave in the Hamptons is known for its exclusivity and high-end real estate. Bel Air in Los Angeles and Beverly Hills, California (90210), claimed the third and fourth positions, respectively, further emphasizing the concentration of wealth in cities like Los Angeles and San Francisco.
Other notable ZIP codes in the top 10 include Boston (02199), Fisher Island, Florida (33109), Water Mill, New York (11976), Montecito, California (93108), Ross, California (94957), Newport Beach, California (92662), and Bridgehampton, New York (11932).
The article highlights the overall trend that New York, Los Angeles, and San Francisco, being some of the wealthiest cities globally, dominate the rankings of the most expensive ZIP codes. The median home price for the top 100 most expensive ZIP codes in 2022 was $2,749,500, representing an 11.03% increase from the previous year.
To compile these rankings, the real estate analysis was conducted by RealtyHop, considering prices for all types of homes across all ZIP codes in the United States between January 1, 2022, and October 19, 2022. The study excluded listings with invalid ZIP codes, including single-building ZIP codes.
In conclusion, this information provides a comprehensive overview of the current real estate landscape in terms of the most expensive ZIP codes in the U.S., shedding light on the factors that contribute to the high property values in these exclusive locations.
