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Old 08-28-2009, 11:29 AM
 
Location: St Paul, MN - NJ's Gold Coast
5,262 posts, read 7,703,267 times
Reputation: 2906

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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
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Old 08-28-2009, 11:41 AM
 
Location: Laguna Beach CA.
2,411 posts, read 3,097,788 times
Reputation: 1888
Alpine has been holding steady for a while..( Go Jersey)Aspen has really dropped..my favorite place on the list is Santa Barbara
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Old 08-28-2009, 12:42 PM
 
1,685 posts, read 1,993,437 times
Reputation: 1331
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.
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Old 08-28-2009, 12:48 PM
 
Location: Milwaukee
620 posts, read 964,086 times
Reputation: 793
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.
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Old 08-28-2009, 01:06 PM
 
Location: Milwaukee
620 posts, read 964,086 times
Reputation: 793
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 01:28 PM..
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Old 08-28-2009, 01:25 PM
 
Location: Hernando County, FL
8,489 posts, read 11,246,538 times
Reputation: 5397
What is an avg median?
They are 2 diifferent things but they state the average median home price.
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Old 08-28-2009, 01:27 PM
 
Location: Milwaukee
620 posts, read 964,086 times
Reputation: 793
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.
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Old 08-28-2009, 07:41 PM
 
Location: Murphy, NC
2,901 posts, read 5,142,777 times
Reputation: 1153
YeaHH represent for Alpine, we live large!
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Old 08-28-2009, 07:42 PM
 
Location: Sierra Vista, AZ
15,952 posts, read 12,455,291 times
Reputation: 7750
Every day another Forbes List UUUUUGH
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Old 08-28-2009, 07:45 PM
 
Location: STL
1,125 posts, read 2,310,466 times
Reputation: 524
How can those New York zip codes be that wealthy but still maintain an insanely high population density? Those numbers can't be right...
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