The Least Expensive House in America’s Most Expensive Zip Code

The real estate market is on fire. Recently, the carefully followed S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed home prices rose 19.5% nationally in September compared to the same month last year. Among the large cities the survey covers, Phoenix had the largest increase at 33.1%.

This data is not out of step with other studies. People have migrated by the tens of thousands from expensive coastal cities like New York and San Francisco to less expensive cities inland. These smaller cities are not just less expensive. Many have a perceived better quality of life. Ironically, the rush of homebuyers to these places has driven up prices sharply.

PropertyShark recently released its Most Expensive U.S. Zip Codes in 2021. In turn, these data were reviewed by Point2.

Not surprisingly, the most expensive Zip codes in terms of home prices were heavily concentrated on the two coasts. This included 94027 (Atherton, California), 02199 (Boston) and 11962 (Sagaponack, New York). In 94027, The median sales prices for a home there this year were $7.475 million, $5.500 million and $5.000 million, respectively.

As in every other Zip code, neighborhood or city, some homes cost well below the median for the area. Atherton’s 94027, the nation’s most expensive Zip code, has a home on the market for “only” $4,998,000. The address, for those who want it, is 16 Valley Road, Atherton.

These are the cheapest houses in America’s 20 most expensive Zip codes:

Zip CodeLocationAsking PriceMedian Sale Price
94027Atherton$4,998,000$7,475,000
02199Boston$1,325,000$5,500,000
11962Sagaponack$1,400,000$5,000,000
94957Ross$6,500,000$4,583,000
33109Miami Beach$799,000$4,475,000
90210Beverly Hills$1,279,000$4,125,000
93108Santa Barbara$1,850,000$4,103,000
90402Santa Monica$579,000$4,058,000
94022Los Altos$950,000$4,052,000
98039Medina$3,250,000$4,000,000
94024Los Altos$2,498,000$3,856,000
94301Palo Alto$999,950$3,800,000
11976Water Mill$1,795,000$3,745,000
90742Huntington Beach$1,999,000$3,625,000
92662Newport Beach$4,500,000$3,577,000
94970Stinson Beach$4,500,000$3,500,000
94028Portola Valley$5,688,000$3,400,000
92067Rancho Santa Fe$1,995,000$3,399,000
92657Newport Beach$2,050,000$3,365,000
92661Newport Beach$2,200,000$3,293,000

Click here to read about the most expensive Zip code in America.


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