U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > General U.S.
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Old 08-28-2009, 10:29 AM
 
Location: St Paul, MN - NJ's Gold Coast
5,263 posts, read 7,202,768 times
Reputation: 2890
Default A new "America's Most Expensive Zip Codes" by Forbes was just issued.

Just in Yesterday (8/27/09)

Top 10

1. 07620 Alpine, New Jersey (Avg median home price, $4,139,041)
2. 94027 Atherton, California (Avg median home price, $3,849,133)
3. 10014 New York, New York (Avg median home price, $3,521,514)
4. 91008 Duarte, California (Avg median home price, $3,444,773)
5. 90210 Beverly Hills, California (Avg median home price, $3,367,167)
6. 92067 Rancho Sante Fe , California (Avg median home price, $3,362,493)
7. 93108 Santa Barbara, California (Avg median home price, $3,284,652)
8. 94024 Los Altos, California (Avg median home price, $3,277,500
9. 10065 New York, New York (Avg median home price, $3,176,534)
10. 07926 Brookside, New Jersey (Avg median home price $3,121,115)


Full list
Full List: America's Most Expensive ZIP Codes - Forbes.com
Reply With Quote Quick reply to this message

 
Old 08-28-2009, 10:41 AM
 
Location: Laguna Beach CA./Denver CO.
2,358 posts, read 2,858,690 times
Reputation: 1824
Alpine has been holding steady for a while..( Go Jersey)Aspen has really dropped..my favorite place on the list is Santa Barbara
Reply With Quote Quick reply to this message
 
Old 08-28-2009, 11:42 AM
 
1,638 posts, read 1,832,507 times
Reputation: 1237
I would guess that there are very few homes in some of these areas at those prices, as the median income in a lot of them is below 100,000. How can that be? There were only 3 cities with median incomes over 200,000 - Atherton, CA, Miami Beach, and Kenilworth, IL.
Reply With Quote Quick reply to this message
 
Old 08-28-2009, 11:48 AM
 
Location: Milwaukee
565 posts, read 891,068 times
Reputation: 688
Quote:
Originally Posted by NowInWI View Post
I would guess that there are very few homes in some of these areas at those prices, as the median income in a lot of them is below 100,000. How can that be? There were only 3 cities with median incomes over 200,000 - Atherton, CA, Miami Beach, and Kenilworth, IL.
In Manhattan there are many renters and renters on rent control. They do not own properties, but to buy in their neighborhoods it would lost millions. This drops the median income. If you had the medium income for owners in Manhattan it would be much higher than renters.
Reply With Quote Quick reply to this message
 
Old 08-28-2009, 12:06 PM
 
Location: Milwaukee
565 posts, read 891,068 times
Reputation: 688
Also, keep in mind the median is not the average. If they stated the average income the outcomes would be much different. Since median is the middle it factors out the very wealthy. New York county(Manhattan) has either the highest or 2nd highest average household income in the U.S. It's medium is nowhere near the top. It completely changes the picture.

Last edited by Allan Trafton; 08-28-2009 at 12:28 PM..
Reply With Quote Quick reply to this message
 
Old 08-28-2009, 12:25 PM
 
Location: Hernando County, FL
8,490 posts, read 10,448,278 times
Reputation: 5397
What is an avg median?
They are 2 diifferent things but they state the average median home price.
Reply With Quote Quick reply to this message
 
Old 08-28-2009, 12:27 PM
 
Location: Milwaukee
565 posts, read 891,068 times
Reputation: 688
Quote:
Originally Posted by Mike Peterson View Post
What is an avg median?
They are 2 diifferent things but they state the average median home price.
I think they should drop the word average. There is a median price and there is an average price. I don't know what the average median is.
Reply With Quote Quick reply to this message
 
Old 08-28-2009, 06:41 PM
 
Location: Murphy, NC
2,888 posts, read 4,725,452 times
Reputation: 1142
YeaHH represent for Alpine, we live large!
Reply With Quote Quick reply to this message
 
Old 08-28-2009, 06:42 PM
 
Location: Sierra Vista, AZ
15,909 posts, read 11,432,037 times
Reputation: 7675
Every day another Forbes List UUUUUGH
Reply With Quote Quick reply to this message
 
Old 08-28-2009, 06:45 PM
 
Location: STL
1,127 posts, read 2,199,346 times
Reputation: 520
How can those New York zip codes be that wealthy but still maintain an insanely high population density? Those numbers can't be right...
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $79,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > General U.S.

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top