If you’re contemplating where to buy a house and settle in, you shouldn’t only take into consideration the city and state. Property taxes and school districts are more important factors in relation to home ownership than city-level. We analyzed Zillow’s home price index for August 2023 to determine the 100 most expensive zip codes in America. As part of our analysis, we took into consideration the latest monthly home values Zillow has — August 2023 — as well as the average of 12 months of median home values from September 2022 to August 2023, in order to gain a fuller picture.
Below are the 100 most expensive ZIP codes in the U.S.
The ZIP code 94027 in Atherton has been the most expensive ZIP code in the U.S. for several years running now. In June 2022 its median home value was over $8.21million. By August 2023, the price had dropped to just under $7.5million. Fisher Island, Florida’s richest city, is not surprising. Home values in 90210, like those in Atherton 94027, peaked at $5.89m in June 2022. Its 12-month average home value of approximately $5.36 million is pretty close to the median home value of August 2023, $5.34 million.
Patterns Among the Most Expensive ZIP Codes in the U.S.
One of the most obvious patterns to emerge from the top 100 most expensive ZIP codes is the amount of ZIP codes located in California: 61 out of 100 ZIP codes. New York State is a distant second with 12 of its most expensive ZIP codes. New Jersey is a distant second, with four of the most costly ZIP codes. Three of New York’s most pricey ZIP codes, 10013,10007, and 10012, are located in southern Manhattan. The other nine are on Long Island or the Hamptons. In California, most of the expensive ZIP codes are located in the San Francisco Bay Area and Silicon Valley. The Los Angeles metro area is also a popular area. A few ZIP codes can be found in the San Diego metropolitan area.