100 Most Expensive Zip Codes in the US by Median Home Sale Price, 2021 (homes, construction)

[Hemlock140]

By zip is somewhat misleading or at least not really meaningful. The #10, Medina WA near us is only 3,200 population, and is less than 5 square miles. Also, Bill Gates has a house there that brings up the total value.

[Futuremauian]

I am surprised Honolulu didn't make the cut. Perhaps only the continental US was included?

[Hemlock140]

Originally Posted by Futuremauian

I am surprised Honolulu didn't make the cut. Perhaps only the continental US was included?

Keep in mind that Honolulu has a lot of less expensive, even cheap homes as well as expensive, especially in the older large condo buildings. Those brings down their median to just $992,500, which is lower than here in several cities east of Seattle.

Example:

https://www.redfin.com/HI/Honolulu/1.../home/91474637

[Losfrisco]

Originally Posted by Citykid3785

TL;DR

CA and NY are expensive

....and that Florida and Texas, despite being two of the most populous states in the nation, with "everyone is moving there" type of hype behind them, have only one showing in the top 100 between them.

[Boston Shudra]

Originally Posted by Losfrisco

....and that Florida and Texas, despite being two of the most populous states in the nation, with "everyone is moving there" type of hype behind them, have only one showing in the top 100 between them.

Isn’t affordability part of the hype?

[Ivory Lee Spurlock]

I think Phoenix is the only place on that list that isn't on the East Coast or West Coast. I was surprised Chicagoland didn't have at least 1 suburb or city represented.

[elchevere]

That’s because places, such as a Palm Beach and Miami Beach, have some lower priced condos in their zip codes that weigh down their respective averages….something tells me hedge fund managers from the Northeast who relocated here are more representative of the homes described in the articles below (22 homes have sold for more than $40M in Palm Beach) than a $350,000 condo (which is not plagued and surrounded with a homeless crisis as a result of affordable housing, either)…with a shortage of SFH, buyers have since refocused on condos (some that top $15–20M—though you won’t see that by looking only at average).

Unit sales (accompanied by declining inventory) have most certainly surged in SoFla !

https://www.google.com/amp/s/www.wsj...et-11626972941

https://www.google.com/amp/s/amp.pal...amp/6243388001

https://www.miamirealtors.com/2021/10/21/87689/

I cannot speak for Texas but would put a fortune on betting their unit sales have surged as well in key cities.

Originally Posted by Losfrisco

....and that Florida and Texas, despite being two of the most populous states in the nation, with "everyone is moving there" type of hype behind them, have only one showing in the top 100 between them.

[michgc]

Originally Posted by Ivory Lee Spurlock

I think Phoenix is the only place on that list that isn't on the East Coast or West Coast. I was surprised Chicagoland didn't have at least 1 suburb or city represented.

There were two zips from Nevada - #29 and #39.

[mwj119]

Originally Posted by Ivory Lee Spurlock

I think Phoenix is the only place on that list that isn't on the East Coast or West Coast. I was surprised Chicagoland didn't have at least 1 suburb or city represented.

Lack of representation for IL - and NJ and CT for that matter - has a lot to do with property taxes and relative stagnance in population and economic growth.

Like most places, there has been a material appreciation in housing costs across Chicagoland over the last 18 months, but that follows a decade of no growth/slow growth. Not enough to put it back on the top 100 most expensive zip list. I'd assume Kenilworth and Winnetka would fall somewhere between 150-200, and possibly a zip in River North or Gold Coast.

[IShootNikon]

Originally Posted by rnc2mbfl

Grew up in Los Gatos. My parents had a new 4 bedroom home built in 1965 for $21,000. Adjusted for inflation, that would be $184,000. Now the cheaper of the two LG zips has a median price that's nearly $2M. Insane.

I'm sorry