The state of California has 91 of the 100 most expensive zip codes in America for 2019. Any guesses which area is number one?
This is a major jump for California, as just two years ago, in 2017, “only” 77 of the top 100 were located in the state.
Interestingly, in 2018, of the top 10 most expensive zip codes for renters in America nine of them were in Manhattan with the other being in Beverly Hills.
So buying a home in one place is certainly a whole different ballgame from renting one in that location.
For 2019, and for the third straight year, the most expensive zip code in America to purchase a home is 94027 – Atherton, California – with a price tag of $7 million, according to PropertyShark.com’s annual study. This too is quite a jump as in 2017 the median home sale price in Atherton was “just” $4.95 million.
Also, once again, San Francisco is the home to the most zip codes in the top 100 with 13, up from nine in 2017.
Covering the notoriously expensive Marina District and Cow Hollow, 94123 was San Francisco’s most expensive zip. Its $2,005,000 median places it #38 nationally – tied with Redwood City’s 94062 – up two spots from last year, despite a 3% dip in its median.
Two more San Francisco zips ranked among the 50 priciest U.S. zips: 94118 and 94114. Covering Jordan Park, Laurel Heights, Presidio Heights, Inner Richmond, Richmond District and Lake Street, 94118 placed 40th with a median of $1,985,000, while 94114 claimed #49. Home to The Castro, Corona Heights, Dolores Heights and parts of Noe Valley, 94114 was up from #60 due to a 7% uptick, posting a 2019 median of $1,850,000.
The Bay Area in general is 2019’s most expensive metropolitan area with a whopping 55 of the United States’ priciest zip codes.
All told, the 100 most expensive zip codes are located in just 11 states. After California comes New York with 18, giving those two states 109 of the 125 zip codes on the list (there were several ties).
The rest of the list consisted of zip codes in Connecticut and Massachusetts (3), New Jersey, Nevada and Washington (2), and Arizona, Florida, New Hampshire and Maryland (1).
Individually, the second most expensive U.S. zip code in 2019 goes to Sagaponack, New York (11962) for the second year in a row with a median sale price of $4,300,000.
The complete top 10…
1. Atherton, California (94027) – $7,000,000
2. Sagaponack, New York (11962) – $4,300,000
3. Santa Monica, California (90402) – $4,154,000
4. Beverly Hills, California (90210) – $4,080,000
5. New York City (10007) – $3,900,000
6. Boston, Massachussetts (02199) – $3,669,000
7. Palo Alto, California (94301) – $3,522,000
8. New York City (10013) – $3,515,000
9. Los Altos, California (94022) – $3,450,000
10. Ross, California (94957) – $3,350,000
Most notably missing from the top 10 this year is Miami Beach (33109), which ranked number three in 2017 at $4.052 million and number 10 in 2018 at $3.25 million, dropping all the way down to 30th place in 2019 with a median home sale price of $2.4 million.
Check out the full list of the 100 most expensive zip codes for 2019 at PropertyShark.com.
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