In light of 2018 coming to an end, PropertyShark's Eliza Theiss shares the site's annual report on the 100 most expensive zip codes in the U.S.
Crunching the numbers to figure out which are the most exclusive residential areas in the country has become a tradition for us, as this is the only national ranking of zip codes based on actual closed sale prices, and not asking prices. The site considers this methodology to be the most accurate benchmark of the country’s most expensive areas, as it allows them to precisely rank highly competitive markets where bidding wars push the sale price far above the initial asking price. At the same time, it also means that ultra-luxury listings that stay on the market for extended periods of time and sell with substantial price cuts don’t skew rankings either.
Key takeaways:
- Atherton’s 94027 remains the #1 most expensive zip code thanks to a considerable spike in its median sale price
- San Francisco and New York are the cities with the largest number of pricey zip codes, featuring 9 each
- Sagaponack’s 11962 regains median sale price values from 2016 with 95% price growth
- Silicon Valley is home to 30 of the country’s priciest zip codes, representing the highest concentration of expensive zips
- San Francisco and New York are the cities with the largest number of pricey zip codes, featuring 9 each
- 15 zip codes posted median sale prices above the $3M mark
