Real estate website PropertyShark recently released their annual rankings of the most expensive zip codes in the country for 2017. If you, like me, were alive in the '90s, you probably assumed that the top spot belongs to 90210.
Shockingly enough, Beverly Hills only came in at #5. The top spot is in California, but in Atherton in Silicon Valley—which doesn't have the same ring to it, does it?
California has more zip codes on the list than any other state, 77 to be exact, with San Francisco leading the pack of pricey cities. Coming in after California at a distant second is New York, followed by Florida.
To compile the list, PropertyShark looked at closing prices rather than the often inflated listing prices to get a more accurate sense of the actual value of the homes in these zip codes. By focusing on closing prices they were also able to obtain realistic numbers in competitive housing markets like San Francisco, where homes often close far above their initial asking price.
The ten most expensive zip codes in the U.S in 2017:
- 94027, Atherton, California. Median sale price $4,950,000
- 10013, Tribeca, New York. Median sale price $4,100,000
- 33109, Miami Beach, Florida. Median sale price $4,052,500
- 10007, Tribeca, New York. Median sale price $3,988,683
- 90210, Beverly Hills, California. Median sale price $3,850,000
- 90402, Santa Monica, California. Median sale price $3,512,500
- 94301, Palo Alto, California. Median sale price $3,300,000
- 94022, Los Altos, California. Median sale price $3,200,000
- 11976, Water Mill, New York. Median sale price $3,162,500
- 11975, Wainscott, New York. Median sale price $3,000,000
h/t The Real Deal