As the United States is one of the wealthiest nations in the world, it’s no surprise that the cost of living here can get quite expensive. Now America is obviously extremely diverse and there are plenty of locations where living is very affordable. Naturally, at the opposite end of things, there are also certain areas that are considered the most expensive places to live. Forbes has recently worked with the company Altos Research to come up with a list of the most expensive zip codes in America. They looked at the range of prices of homes, calculated average real estate prices, and looked at how fast homes were sold in these zip codes. At the end they found out which zip codes in particular were the most expensive, so let’s take a look at the top ten:
10. Hillsborough, California – 94010
Hillsborough, California came in at number ten on the list of the most expensive zip codes in the country. Hillsborough is an incorporated town located just 17 miles south of downtown San Francisco, and it’s still considered to be apart of the greater San Francisco Bay Area. Anyone that’s familiar with San Francisco will know just how expensive this surrounding area. Forbes and Altos Research found that the average price of a single-family home was $4.95 million dollars, and homes for sale stay on the market for an average of 88 days. This area has seen a boom in business, primarily within the technology field, so many people are now trying to live in this area which causes the price of homes to go up.
9. Aspen, Colorado – 81611
Located within the Rocky Mountains and the Elk Mountains, Aspen, Colorado is another extremely expensive zip code. Aspen is one of the closest things we have in American that’s close to a Swiss Alpine skiing town, making it a popular location for people to have vacation homes. The cost of living in Aspen is very high and many wealthy individuals and celebrities have property here. The average price of a home here is $5.00 million dollars, and homes stay on the market for an average of 220 days.
8. Hidden Hills, California – 91302
Hidden Hills is a small gated community that’s located within Los Angeles County. It’s estimated that less than 2,000 people live here, however it’s population is mostly made up of wealthy celebrities and actors, and we all know how they like to live. The average price of a home here is about $5.07 million dollars, and homes spend on average 148 days on the market before being sold.
7. Woodside, California – 94062
Woodside, California is a small town located within the San Francisco Peninsula in San Mateo County. Like many of the zip codes surrounding this area, Woodside is home to many big players within the technology industry that work at places like Apple or Google. The average price of a home here is $5.53 million dollars, and new homes spend around 162 days on the market before being sold.
6. Miami Beach, Flordia – 33109
Miami Beach is a zip code that needs absolutely no introduction, and I’m sure it comes to no ones surprise that this area made the list. From the exclusive night clubs to the massive condos on the beach, Miami Beach is an expensive place to live. Here homes cost on average of $5.56 million dollars and spend 147 days on the market before being sold.
5. New York, New York – 10013
New York City has long reined king as the most expensive place to live not only in the United States, but the world as well, so naturally a few zip codes from the city make the list. 10013 is an area code located in downtown Manhattan on the west side. It incorporates parts of SoHo and Tribeca, and the average home here will run you about $6.07 million dollars, with the average home that’s for sale staying on the market for 219 days.
4. Woody Creek, Colorado – 81656
Woody Creek is a small area located just northwest of Aspen and is located within the same county as Aspen. Since homes in Aspen are so expensive, naturally that is the case for Woody Creek as well. The average home here costs $7.02 million dollars and they spend 280 days, on average, on the market when they are listed.
3. New York, New York – 10012
10012 is the area located right next to 10013 in New York City, so this zip code is also in downtown Manhattan. It includes parts of SoHo, all of Washington Square Park, and Lolita and borders the East Village and Greenwich Village. All of those factors make it the third moist expensive zip code in America. An average home here will run you $7.3 million dollars, and new homes stay on the market for an average of 130 days.
2. Sagaponack, New York – 11962
Sagaponack is a small town within Suffolk County in Long Island, New York. Long Island has always been known for its great wealth and massive homes, so it’s no surprise that it made the list. An average home here costs $7.41 million dollars, and new homes spend a average of 111 days on the market.
1. Atherton, California – 94027
Atherton is a town located in San Mateo County, California and is close to San Francisco. As with the other zip codes located in this area on our list, 94027 is expensive for the same reasons. It has appeared on Forbes’s list at the number 1 spot for a few years now, and continues to be the most expensive zip code in America. An average home here costs $10.56 million dollars, with new homes staying on the market for some 106 days.
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