Editor’s Note: PropertyShark is saddened by the loss of life and property caused by the California wildfires. The article below is simply a presentation of hard data and in no way attempts to ignore the devastation that these areas are experiencing.

Key takeaways:

  • Atherton’s 94027 remains the #1 most expensive zip code thanks to a considerable spike in its median sale price
  • California continues as the unchallenged leader of pricey zip codes, featuring 82 entries in our top 100
  • Sagaponack’s 11962 regains median sale price values from 2016 with 95% price growth
  • Silicon Valley is home to 30 of the country’s priciest zip codes, representing the highest concentration of expensive zips
  • San Francisco and New York are the cities with the largest number of pricey zip codes, featuring 9 each
  • 15 zip codes posted median sale prices above the $3M mark

Ranking the priciest zip codes in the U.S. based on closed home sales

As 2018 slowly comes to an end, it’s time for us here at PropertyShark to release our annual report on the 100 most expensive zip codes in the U.S. Crunching the numbers to figure out which are the most exclusive residential areas in the country has become a tradition for us, as this is the only national ranking of zip codes based on actual closed sale prices, and not asking prices.

We consider this methodology to be the most accurate benchmark of the country’s most expensive areas, as it allows us to precisely rank highly competitive markets where bidding wars push the sale price far above the initial asking price. At the same time, it also means that ultra-luxury listings that stay on the market for extended periods of time and sell with substantial price cuts don’t skew rankings either.

Sagaponack’s 11962 and Boston’s 02199 bounce back into top 3

Missing from last year’s ranking due to low sales activity – registering only four transactions –, Boston’s 02199 comfortably settled as the 3rd most expensive zip code nationwide in 2018. The Prudential Center area of Back Bay posted a $4,772,500 median sale price for the current year, significantly higher than the last time this exclusive zip appeared in our top. That was in 2016, when 02199 narrowly missed out on a top 10 ranking, landing on #11 with a median sale price of $2.8 million thanks to a handful of high-priced condo sales.

With a $5.5 million median sale price positioning it as the 2nd most expensive zip code in the U.S., Sagaponack’s 11962 also represents a comeback. While the pricey New York enclave ranked as the #1 most expensive zip code in the nation back in 2016 with a $5.5 million median, 2017 saw the Suffolk County zip slide to #15 with its median slashed to $2.82 million. As such, 2018 brought Sagaponack a spectacular 95% year-over-year increase in its median sale price.

Sagaponack could have regained its top spot in 2018 were it not for the significant growth in the median sale price of Atherton’s 94027. The affluent Silicon Valley enclave may have also seen its median drop from 2016 to 2017 but remained on top with a $4.95 million median sale price. Atherton’s 94027 remained the incontestable leader in 2018 as well, ranking as the top most expensive zip code in the U.S. with a $6.7 million median sale price, bolstered by a 35% appreciation in its median.

Expensive zip codes remain ubiquitous in Silicon Valley

Located just 20 minutes from the headquarters of tech giants like Tesla, Google and Facebook, it isn’t surprising that Atherton’s 94027 remained the most expensive zip code in the U.S. It’s news to no one that Silicon Valley is home to some of the most expensive residential real estate in the country – or world, for that matter.

However, it’s not just about how pricey zip codes here are. It’s also about just how much of Silicon Valley ranks among the most exclusive zip codes nationwide – no less than 30 zip codes from the world’s tech epicenter made into our top 100 in 2018. But it’s not just Silicon Valley that is extremely expensive – real estate prices all across California are some of the highest in the country. In fact, the Golden State contributed 82 zip codes to PropertyShark’s 2018 top 100.

Other California superlatives? Los Angeles County has the highest number of pricey zips of any county in the nation with 19 of its zip codes appearing in our list. L.A. County is followed closely by Santa Clara County, with 17 zips. Both counties saw the number of zip codes increase compared to last year. Meanwhile, with six entries, the City of Los Angeles ranked as the city with second highest number of pricey zip codes.

NYC vs. San Francisco: the cities of expensive zip codes

On a city level, San Francisco lead nationally with 9 zip codes in 2017. This year, San Francisco is tied with NYC for the city with the highest number of zips, with each contributing 9 zip codes. However, while San Francisco’s most expensive zip code 94123 is placed 40th, NYC claimed #4 with zip code 10013.

Covering parts of exclusive NYC neighborhoods like SoHo and TriBeCa, 10013 posted a $3.81 million median sale price in 2018. With a 7% year-over-year contraction in the median sale price, 10013 dropped below the $4 million threshold and lost last year’s #2 spot.

Ranking as the 4th priciest zip code the previous year, 10007 also saw its median sale price contract significantly, sliding to #13 in this year. Covering parts of TriBeCa, the Financial District and the Civic Center, 10007’s median dropped from $3.99 million in 2017, to just over $3 million for the current year.

Beyond New York and California, Massachusetts and Connecticut make their mark 

Due to a number of ties, this year’s top 100 priciest zip codes contain 117 entries. But with California grabbing 82 spots and New York State 19, what about the rest of the U.S.? While there are plenty of enclaves of affluence outside these two real estate hubs, few zip codes and even fewer states managed to rank among the nation’s most expensive areas.

Massachusetts ranked six zip codes, most notable of which is of course Boston’s 02199, the 3rd most expensive zip code in the country. Massachusetts’ next entry came at #38 with 02543 in Woods Hole. The affluent Cape Cod community posted a median sale price of $2,105,000 and was joined by fellow Cape Cod zip 02554 in Nantucket, with a $1.48 million median. Additional Massachusetts entries came from Weston, Waban and Wellesley Hills, all communities located in close proximity to Boston.

Connecticut ranked four zip codes among the priciest 100 in the U.S., with Riverside’s 06878 the most expensive. Posting a $1,855,000 median sale price, Riverside’s 06878 grabbed #49, while Old Greenwich’s 06870, Greenwich’s 06830 and Cos Cob’s 06807 placed in the bottom half of our top 100.

Florida, Maryland, Nevada and Washington State each take one spot

Just a stone’s throw from pricey NYC, New Jersey only managed two entries among 2018’s most expensive zip codes. With a median sale price of $2.2 million, Alpine’s 07620 is the 33rd most expensive zip code in the U.S. New Jersey’s second entry, 07078 in Short Hills, just made it, ranking as the #100 most expensive zip code in the country. With a median sale price of $1,426,250, Short Hills dropped eight spots compared to the previous year, while its median saw a slight uptick. In fact, as the 100th most expensive zip code in the U.S. in 2018, Short Hills’ 07078 is $51,000 pricier than 2017’s #100.

Additional entries came from Florida, Maryland, Nevada and Washington State, each ranking one zip code among the 100 priciest in the U.S. Among these, 33109 in Miami Beach was the priciest as the 10th most expensive zip code nationally. Still, at a $3.25 million median sale price, 33109 experienced a significant price drop compared to 2017. The iconic Florida community ranked third nationally last year, with a median above the $4 million mark.

Washington State made its presence known with Medina’s 98039 at #15. The King County zip posted a $3.05 million median, up nearly $500,000 compared to year-ago figures. Nevada’s 89413 in Glenbrook was also on the rise year-over-year, surpassing the $2 million mark with a median sale price of 2,107,500. Maryland’s 21056 in Gibson Island jumped 19 positions this year, landing #68 with a median sale price of $1,643,750.

Scroll down for a full breakdown of the 100 most expensive ZIP codes in the U.S. in 2018:

#Zip codeLocationCountyStateMedian sale price 2018
194027AthertonSan Mateo CountyCA$6,700,000
211962SagaponackSuffolk CountyNY$5,500,000
302199BostonSuffolk CountyMA$4,772,500
410013New YorkNew YorkNY$3,810,000
590402Santa MonicaLos Angeles CountyCA$3,762,000
694301Palo AltoSanta Clara CountyCA$3,755,000
794022Los AltosSanta Clara CountyCA$3,500,000
894028Portola ValleySan Mateo CountyCA$3,300,000
994024Los AltosSanta Clara CountyCA$3,254,500
1033109Miami BeachMiami-Dade CountyFL$3,250,000
1190210Beverly HillsLos Angeles CountyCA$3,212,500
1292661Newport BeachOrange CountyCA$3,150,000
1310007New YorkNew YorkNY$3,075,000
1492662Newport BeachOrange CountyCA$3,057,500
1598039MedinaKing CountyWA$3,050,000
1690272Pacific PalisadesLos Angeles CountyCA$2,900,000
1711976Water MillSuffolk CountyNY$2,862,500
1894010BurlingameSan Mateo CountyCA$2,800,000
1910282New YorkNew YorkNY$2,792,500
2094306Palo AltoSanta Clara CountyCA$2,700,000
2195070SaratogaSanta Clara CountyCA$2,690,000
2295030Los GatosSanta Clara CountyCA$2,580,000
2392657Newport CoastOrange CountyCA$2,550,000
94957RossMarin CountyCA$2,550,000
2492625Corona Del MarOrange CountyCA$2,500,000
2594920Belvedere TiburonMarin CountyCA$2,400,000
2610012New YorkNew YorkNY$2,377,500
2790266Manhattan BeachLos Angeles CountyCA$2,369,000
2894025Menlo ParkSan Mateo CountyCA$2,363,500
2992067Rancho Santa FeSan Diego CountyCA$2,275,000
3090049Los AngelesLos Angeles CountyCA$2,250,000
3193921Carmel By The SeaMonterey CountyCA$2,245,000
3293108Santa BarbaraSanta Barbara CountyCA$2,225,000
3307620AlpineBergen CountyNJ$2,200,000
3490077Los AngelesLos Angeles CountyCA$2,175,000
3594062Redwood CitySan Mateo CountyCA$2,150,000
11930AmagansettSuffolk CountyNY$2,150,000
3691108San MarinoLos Angeles CountyCA$2,109,000
3789413GlenbrookDouglas CountyNV$2,107,500
3802543Woods HoleBarnstable CountyMA$2,105,000
3910018New YorkNew YorkNY$2,100,000
94970Stinson BeachMarin CountyCA$2,100,000
90265MalibuLos Angeles CountyCA$2,100,000
4094123San FranciscoSan Francisco CountyCA$2,075,000
4195014CupertinoSanta Clara CountyCA$2,070,000
4294087SunnyvaleSanta Clara CountyCA$2,050,000
4390742Sunset BeachOrange CountyCA$2,000,000
4494118San FranciscoSan Francisco CountyCA$1,975,000
4510069New YorkNew YorkNY$1,947,500
4611932BridgehamptonSuffolk CountyNY$1,925,000
4794402San MateoSan Mateo CountyCA$1,900,000
94070San CarlosSan Mateo CountyCA$1,900,000
4890291VeniceLos Angeles CountyCA$1,895,000
11975WainscottSuffolk CountyNY$1,895,000
4906878RiversideFairfield CountyCT$1,855,000
5094041Mountain ViewSanta Clara CountyCA$1,850,000
5194040Mountain ViewSanta Clara CountyCA$1,840,500
5290212Beverly HillsLos Angeles CountyCA$1,835,000
5392660Newport BeachOrange CountyCA$1,825,000
5495129San JoseSanta Clara CountyCA$1,800,000
94127San FranciscoSan Francisco CountyCA$1,800,000
5594528DiabloContra Costa CountyCA$1,775,000
5692651Laguna BeachOrange CountyCA$1,772,500
5791011La Canada FlintridgeLos Angeles CountyCA$1,770,000
5894002BelmontSan Mateo CountyCA$1,751,750
5910580RyeWestchester CountyNY$1,750,000
6094114San FranciscoSan Francisco CountyCA$1,725,000
6195032Los GatosSanta Clara CountyCA$1,700,750
6294939LarkspurMarin CountyCA$1,690,000
6390254Hermosa BeachLos Angeles CountyCA$1,687,000
6494904GreenbraeMarin CountyCA$1,683,500
6506870Old GreenwichFairfield CountyCT$1,665,000
6694043Mountain ViewSanta Clara CountyCA$1,650,000
90274Palos Verdes PeninsulaLos Angeles CountyCA$1,650,000
6711568Old WestburyNassau CountyNY$1,645,000
6821056Gibson IslandAnne Arundel CountyMD$1,643,750
6992014Del MarSan Diego CountyCA$1,640,000
7090036Los AngelesLos Angeles CountyCA$1,638,250
7110014New YorkNew YorkNY$1,635,000
7294030MillbraeSan Mateo CountyCA$1,634,000
7394507AlamoContra Costa CountyCA$1,621,000
7406830GreenwichFairfield CountyCT$1,617,000
7594121San FranciscoSan Francisco CountyCA$1,610,000
7690048Los AngelesLos Angeles CountyCA$1,600,000
95120San JoseSanta Clara CountyCA$1,600,000
94131San FranciscoSan Francisco CountyCA$1,600,000
90405Santa MonicaLos Angeles CountyCA$1,600,000
94117San FranciscoSan Francisco CountyCA$1,600,000
11959QuogueSuffolk CountyNY$1,600,000
7792118CoronadoSan Diego CountyCA$1,595,750
7894061Redwood CitySan Mateo CountyCA$1,577,500
7993953Pebble BeachMonterey CountyCA$1,576,250
8090064Los AngelesLos Angeles CountyCA$1,575,000
8190027Los AngelesLos Angeles CountyCA$1,550,000
8292663Newport BeachOrange CountyCA$1,548,750
94941Mill ValleyMarin CountyCA$1,548,750
8394539FremontAlameda CountyCA$1,520,000
8402493WestonMiddlesex CountyMA$1,515,000
94115San FranciscoSan Francisco CountyCA$1,515,000
8595130San JoseSanta Clara CountyCA$1,510,000
8691436EncinoLos Angeles CountyCA$1,507,500
8794403San MateoSan Mateo CountyCA$1,500,000
8802468WabanMiddlesex CountyMA$1,491,000
8902481Wellesley HillsNorfolk CountyMA$1,490,500
9094086SunnyvaleSanta Clara CountyCA$1,482,250
9102554NantucketNantucket CountyMA$1,480,000
9210001New YorkNew YorkNY$1,476,463
9393067SummerlandSanta Barbara CountyCA$1,475,000
11030ManhassetNassau CountyNY$1,475,000
9494110San FranciscoSan Francisco CountyCA$1,470,000
9594563OrindaContra Costa CountyCA$1,450,000
94618OaklandAlameda CountyCA$1,450,000
9611024Great NeckNassau CountyNY$1,442,900
9706807Cos CobFairfield CountyCT$1,442,500
9894705BerkeleyAlameda CountyCA$1,440,000
9910024New YorkNew YorkNY$1,430,000
10007078Short HillsEssex CountyNJ$1,426,250

Check out 2017’s top 100 most expensive zip codes ranking here.

Methodology: To determine which were the most expensive ZIP codes in the U.S., we looked at all residential transactions closed in 2018, taking into account condo, co-ops, single- and two-family homes. All package deals were excluded. Due to a number of ties, 117 zip codes made it into our top 100 most expensive zip codes in 2018.

Eliza Theiss

Eliza Theiss

Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. Eliza writes for both PropertyShark and CommercialEdge. Reach her at [email protected]