America’s five richest neighborhoods

Mar.March 01, 2014 09:00 AM

 Much like the rest of the country, America’s richest neighborhoods continue to evolve in terms of racial diversity.  In his latest Higley 1000, a list of the highest-income neighborhoods in the U.S., Stephen Higley, a professor emeritus of urban social geography at the University of Montevallo, found that the top neighborhoods are home to more Asian and Latino residents than ever before.

Higley ranked the most expensive neighborhoods in America based on American Community Survey 2006 – 2010 data. He aggregated contiguous block groups (subdivisions of Census tracts) with a mean income over $200,000. You can read his complete methodology here.

No. 5: Carderock-The Palisades in Potomac, Md.

Mean household income: $595,669

Just west of Bethesda, the Carderock neighborhood sits along the Potomac River and is best known for the Carderock Division of the Naval Surface Warfare Center, which specializes in wartime ship design.

The area is full of adventure activities like rock climbing and water sports. It also features a professional golf course.

No. 4: Old Cutler-Hammock Oaks in Coral Gables, Fla. 

Mean household income: $596,851

Old Cutler Road, south of Miami, stretches 14.9 miles from northeast to southwest. It starts at the Coral Gables Waterway and creates scenic spaces along which large properties have been built since the road’s inception in the 1870s.

No. 3: Potomac Manors in Potomac, Md.

Mean household income: $599,331

The small neighborhood of Potomac Manors in Potomac, Md., includes just 42 custom-built luxury homes on lots up to two acres.

The area is zoned for some of the highest ranked schools in the Washington, D.C. suburbs, including Winston Churchill High School, and is a short commute into the nation’s capital.

No. 2: Bradley Manor-Longwood in Bethesda, Md.

Mean household income: $599,440

The Longwood and Bradley Manor neighborhoods of Bethesda sit northwest of Washington, D.C., just inside the Capital Beltway. Longwood in particular is known for its generous lot sizes and custom-built properties.

Both are close to McCrillis Gardens, a family-friendly public area, while Bradley Manor plays home to The Woods Academy, an independent Catholic School, and the Old Georgetown Club pool.

No. 1: The Golden Triangle in Greenwich, Conn.

Mean household income: $614,242

The Golden Triangle refers roughly to homes in the mid-country section of the city of Greenwich, Conn., which encompasses nearly two-thirds of the town’s geography.

One- and two-acre lots are most common. The remarkable amount of open space compared to the rest of Greenwich comes from preservation efforts led by the Greenwich Land Trust and other conservation organizations.

In addition to palatial estates, the area is known for various waterways, winding country roads, forests, meadows and gorges carved by past glaciers.

Related Articles

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Stuart Elliott

Editor’s note: Is there shelter from the storm?

Stanley Chera (Credit: Patrick McMullan/Patrick McMullan via Getty Images)

Stanley Chera in coma with Covid-19

Governor Andrew Cuomo (Credit: Albin Lohr-Jones/Pacific Press/LightRocket via Getty Images)

Prevailing wage expansion included in budget deal

Dean & Deluca CEO Sorapoj Techakraisri and Midtown Equities founder Joseph Cayre (Credit: Craig Barritt/Getty Images, Facebook, iStock)

In Chapter 11 filing, Dean & DeLuca reveals it owes Midtown Equities $22M

Compass CEO Robert Reffkin (Credit: iStock)

Compass to agents: It’s (virtual) show time!