Top Ten: Most expensive US ZIP codes 2016

Hamptons enclave tops annual rundown for third year on the trot

Sagaponack’s 11962 ZIP code has been named the dearest in the entire USA for the third year running, despite a 35% annual decrease in median sale prices.

Mansions in the exclusive Hamptons enclave currently go for an average of $5.5m, according to PropertyShark, who looked at actual transactions over the last year, rather than asking prices.

Here’s the top ten most expensive codes along with the Shark’s scene-setting commentary:

1. 11962, Sagaponack

“With its sprawling mansions — that sell for about $5.5 million — this Hampton’s ZIP code is the undisputed leader when it comes to hefty prices and exclusive living. But despite managing to maintain its top spot on the list of most expensive ZIP codes, Sagaponack saw a 35% decrease in median sale prices — which translates into a full $3 million price drop.”

2. 94027, Atherton

“Despite being home to less than 8,000 residents, Atherton can pride itself on having some of the most expensive real estate in the country. Nevertheless, its 2016 median price of $5,425,000 is down 8% from 2015.”

3. 10013, New York City

“Few areas can compete with the appeal of this ZIP code, which includes parts of TriBeCa, SoHo and Hudson Square. It then comes as no surprise that properties in the area sold for 12% more in 2016 compared to the previous year, with the median price now up to $3,808,765 — bumping it up one position and securing a top 3 spot among the most expensive ZIP codes in the country.”

4. 33109, Miami Beach

“A popular retirement destination for investors and affluent retirees, 33109 stands out as Florida’s most expensive ZIP code, with a median selling price of $3.4 million.”

5. 90402, Santa Monica

“The ritzy neighborhood north of Montana Avenue consolidates its position as a top attraction for affluent (and international) buyers, with a median price of $3,395,000.”

6. 10007, New York City

“Part TriBeCa, part Financial District, and surrounding the World Trade Center, 10007 saw a spectacular growth in 2016 in terms of selling prices: while the year before, homes in the area commanded a median price of $2,800,000, 2016 median selling prices jumped way past the $3 million mark, at $3,349,657.”

7. 90210, Beverly Hills

“Registering an 11% drop in home prices, the iconic Beverly Hills ZIP code traded its Top 3 spot from last year for an honorable 7th spot on our list.”

8. 94301, Palo Alto

“This location — on top of being a stone’s throw from major employers, with the Googleplex itself being in the nearby Mountain View — has the added benefit of neighboring Stanford University. Despite that, the Palo Alto ZIP saw a $215,000 drop in selling prices, with the median for the area now sitting at $2,935,000.”

9. 94022, Los Altos

“Making its way to the top 10 (after landing on the 12th spot on our list last year), this Los Altos ZIP code can brag about median selling prices of $2,831,250.”

10. 94028, Portola Valley

“The ZIP code that covers the entire Portola Valley town — which has already made a name for itself as one of the wealthiest towns in California — is so appealing to affluent buyers that it has commanded a median selling price of $2,815,000.”

See the full rundown on PropertyShark here

Main image by Americasroof (CC-BY-2.0)