Real estate prices vary drastically across the United States, and there are certain enclaves that are reserved for those with an excessive amount of cash. From coast to coast, some zip codes have surpassed the average home price by miles. Although some states have pricier neighborhoods than others, there are also some major surprises on the list of the top 13 most expensive zip codes in the country. Some of these areas may be familiar, while others might not be places you would expect to see on a list like this.
Even if you’re not able to buy in one of these ritzy neighborhoods, it’s still fascinating to explore why and how they ended up among the most expensive in the country. The first 10 zip codes are based on listing prices, while the last three “bonus” zip codes are the top three most expensive for rentals. Together, they show just how high real estate prices can reach across the United States.
92657: Newport Coast – Newport Beach, CA
Taking the number one spot on the list is the 92657 zip code of Newport Coast in Newport Beach, California. The median listing price is an eye-watering $12,500,000, making it a tough price to beat. Although not every home on the Newport Coast is this expensive, there are enough multi-million-dollar properties to boost the median up to this shocking number. According to the Los Angeles Times, the most expensive home sold in Orange County as of 2020 was located in Newport Coast, selling for a whopping $61 million. That sale alone gives you an idea of just how high prices can go in this part of coastal Orange County, although the median listing price shows that the market is not dependent on just one ultra-expensive property.
There are a few reasons why Newport Coast and Newport Beach as a whole have some of the most expensive real estate in the area, and frankly, the entire U.S. Although Northern California used to have the monopoly on multi-million-dollar mansions, coastal Orange County homes have skyrocketed in recent years. One of the biggest driving factors is that people from LA moved down to Orange County for a calmer life with more space during COVID, and later out of necessity from the Palisades fires. They brought their pocketbooks and quickly drove up prices in the area, making it more coveted than ever before.
33109: Fisher Island – Miami Beach, FL
On the opposite side of the U.S., a neighborhood in Miami Beach takes second place. The median listing price on Fisher Island, zip code 33109, hit $11,980,000 this year. Although it’s a few hundred thousand less than Newport Coast, it’s certainly still impressive. It’s actually a private island, which makes the high price tag more understandable. The entire island is 216 acres and sits on the stunning Biscayne Bay. It has resort-like amenities, attracting a luxury-driven crowd. Between the privacy and the waterfront setting, Fisher Island offers the kind of lifestyle that naturally attracts buyers who are willing to pay a premium to live there…