America’s 100 Most Costly Zip Codes: Boston Again Bay, Weston, Newton and a Few Extra Make the Checklist

As mortgage charges reached 20-year highs and the financial system started to falter, the general U.S. housing market noticed gross sales drop and value progress sluggish, based on a report by Property Shark. But, among the many 100 most costly zip codes within the U.S., costs have been on the upswing in much more areas this yr than final, with 86% of zips experiencing will increase.

Please see beneath the total report from Property Shark:

That stated, costs did develop at a barely slower tempo this yr in comparison with 2021. Extra exactly, medians elevated by 25% or extra in simply 16 zips in 2022 in comparison with final yr’s 25. General, 2022 median value modifications ranged between +39% and -41%.

Regardless of this slower tempo of progress, a document 128 zip codes posted the 100 highest median sale costs this yr (the results of 22 ties). They usually additionally reached new heights which may have been unimaginable only a few years in the past. Amongst them have been Atherton’s $7.9 million median; the $2.9 million median in Paradise Valley, Ariz.; and the dizzying $4.75 million median in 98039 in Medina, Wash.

As soon as once more, rating zip codes by median sale costs — calculated from precise closed gross sales to mirror actual market situations, as a substitute of itemizing costs that signify sellers’ targets — this yr’s prime 100 proved that the wealthiest zip codes for actual property have overwhelmingly change into much more costly. Particularly, the 5 priciest zips within the nation posted medians of $5 million or extra, with a complete of 14 zips surpassing the $4 million threshold. Actually, of the 128 zips on our listing, solely 27 had medians beneath $2 million — and people, too, stayed above $1.7 million.

For the total rating of 2022’s 100 most costly zip codes, scroll to the underside of the web page. For an much more detailed image, discover last year’s top 100

10 States Originate Nation’s Most Costly Zips, California Retains Its Lead

As has been the case for years now, California remained the unchallenged chief of the costliest zip codes to purchase a house within the U.S., offering 90 zips to our rating or the equal of 70% of the nation’s main zips.

Not solely that, however the nation’s 4 priciest counties; the costliest metro; 4 of the 5 priciest cities; and 7 of the ten most unique zips have been all in California. Moreover, the sharpest median enhance was additionally in California: 92014 in San Diego County grew 39% year-over-year (Y-o-Y).

As anticipated, New York contributed the second-highest variety of zips with 17 entries, representing 13% of the richest zip codes for actual property within the U.S. It was adopted by Massachusetts with six zips, the place the ultra-pricey 02199 zip code slipped out of the highest 10 after present process essentially the most radical value drop on our listing at -41%. Moreover, Washington and New Jersey tied with 4 zips every to extend their presence among the many most unique zips.

On the different finish of the spectrum, Connecticut slid down in rankings, shedding one entry since final yr. Arizona, Nevada, Florida and New Hampshire all contributed one zip this yr.

Sagaponack Returns to #2 As Boston’s 02199 Sees Median Slashed by 41%

2022 reached new historic highs with14 zips surpassing the $4 million threshold, and the 5 priciest going north of $5 million. Of these, Atherton’s 94027 remained firmly entrenched because the #1 most costly zip code within the U.S. at a jaw-dropping $7.9 million median sale value, after a 6% Y-o-Y enhance. Actually, the billionaire hotspot now sports activities a median sale value that’s greater than 20 instances larger than the nationwide median.

In the meantime, with Boston’s Back Bay out of the image and a 15% Y-o-Y value hike, the Hamptons’ Sagaponack returned to its conventional #2 spot with a $5.75 million median. Sagaponack’s 11062 was the second-priciest U.S. zip code for a number of years, though it final grabbed the runner-up place in 2020 when its median was practically $2 million lower than it’s now.

The #3 priciest U.S. zip code for the primary time ever, 94957 in Ross, Calif., posted a $5.5 million median. This was after a rise of 20% or practically $1 million year-over-year. Notably, Ross has been steadily climbing within the rankings since 2016, when it was #11 within the nation. Had Ross’ value beneficial properties been barely extra muted, it will have been surpassed by Fisher Island’s 33109 in Miami Seashore, which positioned 4^th with a $5.2 million median after a 16% Y-o-Y enhance.

Arguably essentially the most well-known U.S. zip code, 90210 additionally reached a brand new value document at $5,122,000 after the Beverly Hills zip shot up 24% over final yr’s figures. In 2020, 90210 positioned third with a $3.75 million median. As we speak, that median would have solely earned #17.

On the similar time, one long-time presence among the many 100 priciest U.S. zip codes — 98039 in Medina, Wash. — secured its highest place but with a record-breaking $4.65 million median sale value. A results of surging costs all through King County, in addition to a heated luxurious market, costs rose 19% Y-o-Y on this enclave of tech {dollars}. Actually, the least costly house at present in the marketplace in Medina has a list value of $2,998,000, based on a latest research by Point2.

Subsequent, Los Angeles County secured its second spot among the many 10 most costly U.S zip codes with Santa Monica’s 90402 at $4.4 million, making it the one county to take action. Due to an 8% Y-o-Y median enhance, it outpaced the 5% hike in Santa Barbara’s 93108 to assert #7 and push Santa Barbara right down to #8.

Newport Seashore additionally reached new heights with 92661 putting #9 at $4,293,000 after its median sale value shot up 30% Y-o-Y. This secured the city’s highest place but and set a brand new pricing document. Lastly, Rancho Santa Fe’s 92067 additionally set a brand new document for the municipality — in addition to San Diego County — after its median grew 26% to achieve $4,275,000 to change into the #10 most costly zip code within the U.S.

Bay Space Stays Most Costly Metro Space in U.S. by Important Margin

The Bay Space maintained a cushty lead as the costliest metropolitan space within the nation, contributing 46 zip codes to the nation’s priciest. Nonetheless, it has misplaced some floor in recent times, pulling again from the record 55 zip codes it contributed again in 2019. This yr, the Bay Space’s prime zips have been situated within the counties of Santa Clara (14), San Mateo (10), Marin (8), Contra Costa (6), San Francisco (5) and Alameda (3).

As anticipated, metro LA had the second-strongest presence, originating 31 of the highest zips from the ultra-pricey Los Angeles and Orange counties. Likewise (and as in earlier years), the huge New York metropolitan space had the third-heaviest presence with 23 of the richest zip codes for actual property. These have been primarily situated within the New York counties of Suffolk (9) and New York (6), with Westchester and Nassau putting one every. Connecticut’s Fairfield County additionally contributed three, whereas the New Jersey counties of Essex, Bergen and Monmouth contributed one every.

Silicon Valley and Southern California Declare Counties with Highest Concentrations of Expensive Zips

Contemplating that the Bay Space and metro Los Angeles mixed claimed 81 of the 128 zips with the nation’s highest medians, the costliest counties in the united stateswere additionally situated right here, as regular. Particularly, Los Angeles County remained firmly within the lead with 21 of the costliest U.S. zip codes, together with the #5 and #7 priciest zips.

Runner-up Santa Clara County maintained its place with 14 unique zips, regardless of shedding its presence within the prime 10 after 94022 in Los Altos slid from to #11. And, though 94022’s median inched up 5% over final yr’s figures, costs in some Orange, Santa Barbara and King County zips appreciated at a a lot sooner price to leapfrog the small city on the coronary heart of Silicon Valley.

Lastly, Bay Space neighbor San Mateo County contained the #3 highest focus of dear zips. Nonetheless, not like in 2021, it now shares its spot with Orange County, which additionally contributed 10 unique zips.

Consequently, these 4 counties fashioned a number of dense clusters of unique California zip codes, together with hotspots like Sunnyvale, Mountain View, Menlo Park, Beverly Hills, Newport Seashore and Los Angeles.

Unique Los Angeles Zip Codes Type 13-Mile Supercluster Alongside Sundown Blvd.

After 5 years within the lead, San Francisco was dethroned as NYC and LA contributed six zip codes every, claiming the best focus of pricey zip codes. Simply behind them, San Francisco tied for #2 with Newport Seashore, Calif., contributing 5 zips every.

San Francisco’s place had been firmly entrenched for years, even rating a document 13 zips at one level — a feat no different metropolis has come near. Nonetheless, that quantity dropped to 5 in 2022, as 94121 and 94122 fell off the highest, regardless of beneficial properties that raised their medians to round $1.75 million.

But even that value level wasn’t sufficient to put them within the prime of our listing in 2022: The 2 zips that tied for #100 this yr had a $1.78 million median — a value level that was 9% larger than final yr’ remaining entry.

That stated, whereas San Francisco’s star was on the wane, Newport Beach was on the rise, rating 5 zips. Consequently, Newport Seashore is now a group of unique zip codes with medians between $2.4 million and $4.29 million and double-digit value beneficial properties as excessive as 30% Y-o-Y. One such instance was 92661, overlaying the decrease half of the Balboa Peninsula, which truly positioned Newport Seashore within the prime 10 for the primary time.

Notably, the six LA zip codes within the prime 100 have been totally on the rise. 90077 specifically underwent one of many sharpest will increase in our rating, coming in 34% larger than year-ago figures. And, identical to final yr, the three priciest zips in LA — 90272, 90077 and 90049 — fashioned an uninterrupted cluster of ultra-expensive actual property.

Not solely that, however Beverly Hills’ 90210 connects these unique hotspots to zips 90036 and 90048 to type a 13-mile supercluster of pricey zip codes inside Los Angeles. Famed neighborhoods (or elements of them), resembling Bel Air, Holmby Hills, Pacific Palisades, Beverly Grove and West Hollywood all fall throughout the vary of this supercluster, which claims medians between $1.95 million and $3.81 million. Furthermore, a brief drive to Little Armenia brings consumers to LA’s sixth entry, zip 90027.

NYC Returns to High 20, however Hamptons Dominate State Rankings

Though NYC has historically ranked extra zip codes than the Hamptons and the North Shore mixed, COVID-19 flipped that dynamic. Consequently, Suffolk County zips outnumbered these from NYC 9 to 6 in 2022, whereas Lengthy Island’s North Shore was represented by 11568 in Old Westbury. Moreover, Westchester County’s 10580 in Rye introduced New York state’s complete to 17 entries of the nation’s 100 most costly zip codes.

Whereas Rye has been a relentless presence since 2017, its place has steadily declined, rating #88 this yr as will increase in different dear enclaves have outpaced it. The unique group posted a median sale value of simply $1,873,00 this yr. Equally, Nassau County was on the decline, as properly, rating just one zip this yr — removed from the document 4 that it contributed in 2017.

Turning south, Suffolk County was represented by a document 9 zip codes this yr, with medians ranging between $1,865,000 and $5.75 million. It’s price noting right here that each one 9 communities have ranked a number of instances in earlier years.

Particularly, the #2 priciest zip code nationwide but once more — Sagaponack’s 11692 and its document $5.75 million median — was adopted by Water Mill’s 11976 at $3,699,000; Amagansett’s 11930 at $3,525,000; and Bridgehampton’s 11932 at $3.3 million, all of which landed within the prime 25.

In NYC, nonetheless, COVID’s impact on actual property can nonetheless be felt: In 2022, the town contributed six zips to the highest 100 and bolstered the shifting dynamics when in comparison with the ten zips it ranked in 2019. On the optimistic facet, the town did handle to return to the highest 20 with 10013 at #16. Together with elements of TriBeCa, SoHo, Little Italy and Hudson Square, the unique zip’s median climbed 18% Y-o-Y to achieve $3,795,000.

Nonetheless, neighboring 10007 — which covers Downtown Manhattan, TriBeCa and SoHo — slid 12 positions after its median sale value contracted to $2,775,000. Actually, even Battery Park City’s 10282 outpaced it with its $3.13 million median. And, regardless of a ten% enhance, the Greenwich Village, SoHo and Nolita zip of 10012 dropped additional within the rankings It landed at #71 with a median of $2,125,000 — a far cry from its highest place at #26 in 2018, which it secured with $2,378,000.

The Higher West Facet’s 10069 additionally recovered a few of its 2021 losses, appreciating 23% to return to a value level north of $2 million. On the similar time, though Chelsea’s 10001 additionally recovered some pandemic losses final yr, the prosperous neighborhood noticed its median lower but once more, dropping 36 positions.

Alpine’s 07620 Dethroned as New Jersey’s Priciest Zip After 6 Consecutive Years

Throughout the river in New Jersey, 4 zip codes ranked among the many nation’s wealthiest, a brand new document for the state. One other change in New Jersey: Its perennially dear 07620 in Alpine — which had been a mainstay of the nation’s main zips, in addition to New Jersey’s most costly one since 2016 — was lastly outpriced by Deal’s 07723. Particularly, Alpine positioned #66 with a $2.18 million median sale value, whereas Deal was #58 with a $2.3 million median. Deal beforehand ranked in 2019.

Subsequent, Avalon’s 08202 returned for the second time after final yr’s debut. This time, it ranked 10 spots larger after a 20% enhance that lifted its median to $2 million. Lastly, New Jersey’s fourth contribution was 07078 in Short Hills at $1,825,000. This one had beforehand appeared for 3 consecutive years between 2016 and 2019 however was later locked out of rankings by zips with sooner paces of value will increase.

Miami Seashore Reaches New Pricing Report with Fisher Island

Manner down south on the East Coast, Florida was once more represented by 33109 within the Miami Beach group of Fisher Island. A mainstay of the nation’s 100 priciest zips, 33109 returned for the seventh consecutive yr with a $5.2 million median.

And, whereas the zip’s place has fluctuated all through the years, it has most frequently landed among the many 10 most costly zip codes within the U.S. Incomes the #4 spot this yr, it’s price noting that 33109 claimed the #3 spot again in 2017 — but it surely did so with a $4 million median. In 2022, that determine would solely make it to #14.

Boston’s Again Bay Drops from #2 Following 41% Value Lower

Far up north on the Japanese seaboard, New England was house to 10 of the nation’s wealthiest zips, with Massachusetts contributing six, Connecticut three and New Hampshire returning with one.

After originating a document 11 of the richest zip codes for actual property costs — together with #2 final yr — the winds shifted in some key areas in 2022. For instance, Boston’s place noticeably weakened: Town positioned just one zip, and its flagship dear zip code in Again Bay, 02199, fell from final yr’s document #2 spot and all-time excessive median of $5.5 million.

This got here after a 41% value reduce slashed Again Bay’s median to $3,245,000, the results of lower-priced transactions. Even so, this remained essentially the most unique zip code in New England. Conversely, the opposite 5 Massachusetts zips on the prime of our listing all skilled double-digit value hikes.

In the meantime, Nantucket’s 02554 was Massachusetts’ subsequent most costly zip code, with its $2,538,000 median marking a brand new pricing peak for the unique island. The subsequent-richest zip code was Chilmark’s 02535. It surged from #93 final yr to land at #58 in 2022, because of a 38% Y-o-Y value bounce. Actually, that was the second-sharpest value appreciation on this yr’s nationwide rankings, and it lifted the median of this Martha’s Winery group to $2.3 million.

Different Massachusetts entries have been all from communities which were listed sporadically all through the years, together with Weston’s 02493; 02481 in Wellesley Hills; and 02468 in Waban, all of which landed above the $2 million mark.

New Hampshire Returns with Report Rye Seashore Median as Connecticut Loses Floor

New Hampshire returned to the highest 100 this yr with its most unique zip code — 03871 in Rye Seashore. The Rockingham County zip debuted in 2019 and returned in 2020, however Rye Beach reached its highest rating but at #41 this yr, with its $2.65 million median sale value its highest to date.

Nonetheless, in Connecticut, issues seemed gloomier: The state contributed solely three zips, all of which trended down.

Extra exactly, the Connecticut zips recorded damaging value progress that pulled all three zips down within the rankings by no less than 20 slots: 06830 in Greenwich, 06878 in Riverside and 06870 in Old Greenwich all slid to the underside 10 positions on our listing, with the latter clinging on on the #100 spot. What’s extra, the contracting value tendencies of Fairfield County’s main zip codes have been much more notable contemplating that the county’s median increased 11% Y-o-Y general.

Washington Ranks with Report 4 Zips, with Medina #6 Priciest within the U.S.

In distinction to Connecticut, Washington state was on the rise, securing its heaviest presence but with a document 4 zip codes. Normally, the state is represented by the ever-pricey Medina zip of 98039 — house to tech executives and innovators — with Bellevue and Mercer Island sometimes making appearances. However, as costs in King County surged to new heights in 2022, Washington’s most unique enclaves adopted swimsuit.

As anticipated, Medina’s 98039 was once more the main Washington zip, reaching its highest place but because the #6 most costly U.S. zip code with a median of $4.75 million. Throughout the lake from Seattle, Mercer Island’s 98040 returned with a $2.28 million median sale value, the results of a 27% enhance over final yr’s figures.

And, having beforehand ranked in 2017, Bellevue’s 98004 landed at #88 with a median sale value of $1.9 million to mark a brand new pricing document for the birthplace of Amazon. Simply throughout the lake from Bellevue, zip code 98075 in Sammamish was the fourth-priciest zip code within the Pacific Northwest with a $1,869,000 median sale value.

Arizona Enclave Attracts Growing Variety of Rich Consumers as Nevada Pulls Again

The West’s final two entries got here from the desert states of Arizona and Nevada. Particularly, Arizona’s flagship zip code of 85253 in Paradise Valley returned for its fourth consecutive yr to assert its highest place yetat #34 after a 33% Y-o-Y value growth.

The rockstar hotspot first positioned among the many priciest U.S. zip codes in 2019 at #93 with a median just under $1.5 million. Paradise Valley reached a document new value level with its $2.9 million median. Thus, the rich enclave remained sturdy in comparison with the remainder of the area, the place transactional exercise slowed and value progress faltered within the latter a part of the yr.

Conversely, Nevada pulled again in 2022: After three consecutive years of claiming two spots among the many nation’s richest zip codes for actual property, Nevada returned with just one this yr — Glenbrook’s 89413. The Glenbrook zip has been a relentless among the many prime 100 for seven consecutive years and landed at #31 in 2022 with a document $3,075,000 median. The Douglas County zip was joined by fellow Lake Tahoe enclave Crystal Bay in 2019, which didn’t handle to put this yr.

For the total listing of 2022’s prime 100 most costly zip codes within the U.S., discover the interactive desk beneath:

 

 

Discover the ten most costly zip codes in Massachusetts, Washington, New Jersey, Connecticut, New Hampshire, Arizona and Nevada within the interactive tables beneath:

 

 

Ensure that to discover 2021’s rankings, as properly.

Methodology

To find out the costliest zip codes within the U.S., we checked out residential transactions closed between January 1, 2022, and October 31, 2022, taking into consideration condos; co-ops; and single- and two-family houses. All bundle offers have been excluded.

For an correct illustration, we thought of solely zip codes that registered a minimal of three residential transactions. As a consequence of plenty of ties, 128 zips made it onto our listing of the 100 most costly zip codes in 2022.

Median sale costs in 2021 and 2022 have been rounded to the closest $1,000.

The Bay Space was outlined as Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Sonoma and Solano counties.

The Los Angeles metropolitan space was outlined as Los Angeles County and Orange County.

The 23-county New York metropolitan space was outlined as New York Metropolis; Lengthy Island; the Mid- and Decrease Hudson Valley; Central and Northern New Jersey; Western Connecticut; and Pike County, Penn.

U.S. areas and divisions have been outlined per U.S. Census Bureau designations.

To learn the unique article from Property Shark, please click here.

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