The United States’ most expensive ZIP codes for home buyers are concentrated primarily on the coasts, according to a recent report by PropertyShark, a real estate data site owned by Yardi Systems. The study, based on a ZIP code-level analysis of closed home-sale prices, revealed that 65% of the top 100 most expensive ZIP codes in the U.S. are located in California. On the East Coast, New York City stood out as having the highest concentration of costly postal codes for prospective home buyers.
Notably, this analysis was centered on the actual sale prices of homes rather than their asking prices, emphasizing the true market values. The priciest ZIP code in the U.S. is 94027 in Atherton, California, with a median home sale price of $8.3 million. Atherton, situated in San Mateo County, is renowned for its affluent residents, including NBA star Steph Curry, tech billionaire Marc Andreessen, and others who have drawn attention for opposing more affordable housing developments in the area.
New York City boasts the highest density of expensive ZIP codes across the nation, including eight ZIP codes spread throughout Manhattan, Brooklyn, and Queens. Sagaponack (11962), a Hamptons town on Long Island popular among celebrities, claimed the second spot on the list, with a median home price of $8,075,000. The median home price nationwide, as of September, was $394,400, as reported by the National Association of Realtors.
Here are the most expensive ZIP codes in the United States in 2023, according to PropertyShark:
- Atherton, California (94027)
- Median home-sale price in 2023: $8,300,000
- Sagaponack, New York (11962)
- Median home-sale price in 2023: $8,075,000
- Miami Beach, Florida (33109)
- Median home-sale price in 2023: $5,500,000
- Santa Barbara, California (93108)
- Median home-sale price in 2023: $5,000,000
- Beverly Hills, California (90210)
- Median home-sale price in 2023: $4,800,000
- Stinson Beach, California (94970)
- Median home-sale price in 2023: $4,500,000 (tie)
- Water Mill, New York (11976)
- Median home-sale price in 2023: $4,500,000 (tie)
- Newport Beach, California (92661)
- Median home-sale price in 2023: $4,495,000
- Santa Monica, California (90402)
- Median home-sale price in 2023: $4,489,000
- Medina, Washington (98039)
- Median home-sale price in 2023: $4,388,000
- Rancho Santa Fe, California (92067)
- Median home-sale price in 2023: $4,248,000
These ZIP codes represent some of the most exclusive and high-priced real estate markets in the country, attracting wealthy individuals seeking luxury properties and stunning locations.