Got a spare $7.5 million? Then you might be able to live in the most expensive U.S. zip code, according to a new report by PropertyShark.
For the fifth year in a row, Atherton, CA’s 94027 landed atop the real estate site’s list, boasting (and emphasis on “boasting”) a median home sale price of $7.475 million, a 7% increase in an area PropertyShark calls a “the billionaire favorite.”
If anything, the pandemic seemed to fuel home prices across the country this year, with the top 10 most expensive zip codes all surpassing the $4 million median sale mark for the first time.
Some key takeaways from the report:
- The median home price in 33109 (Miami) jumped 66% year-to-year and is now the fifth priciest zip code in the U.S.
- 70% of the country’s 100 most expensive zip codes are in California.
- No surprise: San Francisco boasted the highest concentration of pricey zip codes.
- Surprise: No zip codes in New York City landed in the top 20. The Upper West Side (10069) saw the biggest contraction at a drop of 39%.
- States with just one pricey zip code include Florida, Maryland and Arizona. Only 10 states were represented in the list.
- The sharpest price gain was 21056 on Maryland’s Gibson Island, which was up 97% Y-o-Y.
PropertyShark calculated median home sale prices across the country over ten months in 2021, taking into account condos, co-ops, and single- and two-family homes. Only zip codes that registered a minimum of three residential transactions were included, and due to the number of ties, the list of 100 most expensive zip codes actually features 127 areas.
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