Miami Beach among 10 most expensive ZIP codes

Miami Beach ranked 9th with a median home sale price of $2.65M

July 05, 2015 02:00 PM

The most expensive zip codes in the U.S.Saga

From the New York site: The most expensive ZIP code in America isn’t in Silicon Valley. It’s in Sagaponack, the summer destination of Billy Joel and the Clinton family, among others.

Over the past year, homes in the area, part of the Hamptons, sold for a median price of over $5 million.

The list of most expensive ZIP codes was compiled by the data team at the real-estate-listings site Property Shark, which calculated the median sale price for each ZIP code based on closed sales that took place between January 2014 and June 2015.

The site found that the most expensive places to buy a house are on either coast, with New York, Florida, and California dominating the list.

Here’s what the most exclusive communities in the country look like.

All median sale price data was provided by Property Shark. Median household income comes from the US Census Bureau.

10. Los Altos, California (94022)


Los Altos Hills offers many opportunities for outdoor recreation.

Los Altos is the place where Apple began in a garage back in the ’70s, and it has remained a haven for tech entrepreneurs. ZIP code 94022 includes the prestigious Los Altos Hills neighborhood, home to Google cofounder Sergey Brin.

Median sale price: $2,600,000

Median household income: $165,534


9. Miami Beach, Florida (33109)


From contemporary art to the opportunity to live in Al Capone’s former mansion, Miami Beach has a lot to offer affluent property owners. And, of course, there are the famous beaches.

Median sale price: $2,650,000

Median household income: $166,976


8. Newport Beach, California (92662)


In Newport Beach, lifeguards make over $120,000 annually. But that probably won’t put them in a position to afford real estate in the town’s most expensive ZIP code, which is exclusive to Balboa Island, a neighborhood connected by ferry and a causeway to the rest of Newport Beach.

Median sale price: $2,675,000

Median household income: $78,750


7. New York City (10007)


Just slightly behind is ZIP code 10007, in lower Manhattan near the World Trade Center site. From there, it’s just a short walk to Wall Street, which explains the area’s appeal to high-paid traders.

Median sale price: $2,763,711

Median household income: $112,947


6. New York City (10013)


ZIP code 10013 incorporates three neighborhoods in lower Manhattan: Tribeca, Hudson Square, and part of SoHo. In addition to views of the Hudson River, perks include having Beyoncé and Jay Z as neighbors.

Median sale price: $2,800,000

Median household income: $83,725


5. Palo Alto, California (94301)


Home prices in Palo Alto have doubled over the past decade, thanks to the infusion of tech-industry cash in the area. Mark Zuckerberg owns not just one but five houses in the Silicon Valley town — in 2013, he bought four of his neighbor’s properties to preserve his privacy at home.

Median sale price: $2,827,500

Median household income: $122,473


4. Santa Monica, California (90402)


Though Santa Monica has long been known as a getaway for celebrities including Ellen DeGeneres and Blythe Danner, it is beginning to reinvent itself as a tech hub. Whisper, the anonymous secret-sharing app, got started in a beachside bungalow, and some entrepreneurs are starting to call the area “Silicon Beach.”

Median sale price: $3,062,250

Median household income: $140,139


3. Beverly Hills, California (90210)


Perhaps the most famous ZIP code in the country, 90210 doesn’t disappoint. The Los Angeles enclave is home to celebrities such as Tom Cruise and Manny Pacquiao, who bought his 10,000-square-foot mansion for a package deal of $12.5 million plus four tickets to his fight with Floyd Mayweather.

Median sale price: $3,221,250

Median household income: $132,254


2. Atherton, California (94027)


Atherton is the most expensive ZIP code in Silicon Valley. It is known as the home base of numerous tech executives. Notable residents include Microsoft cofounder Paul Allen, HP CEO Meg Whitman, and Google chairman Eric Schmidt.

Median sale price: $5,050,000

Median household income: $220,583

1. Sagaponack, New York (11962)


Beating out some of the most prestigious communities in the country, Sagaponack tops the list of most expensive ZIP codes in the US. The Hamptons destination is home to jaw-dropping properties including billionaire Ira Rennert’s $248 million mansion, which has 12 chimneys, a two-lane bowling alley, and a 100-car garage.

Median sale price: $5,125,000

Median household income: $106,250

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