{"id":25635,"date":"2017-02-16T07:33:27","date_gmt":"2017-02-16T11:33:27","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=25635"},"modified":"2025-04-10T14:25:00","modified_gmt":"2025-04-10T11:25:00","slug":"20170207the-most-expensive-zip-codes-in-new-jersey-in-2016","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/02\/16\/the-most-expensive-zip-codes-in-new-jersey-in-2016\/","title":{"rendered":"The Most Expensive Zip Codes in New Jersey in 2016"},"content":{"rendered":"<h4><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li><strong>Alpine\u2019s 07620<\/strong> still reigns supreme as the most expensive zip code in New Jersey;<\/li>\n<li><strong>Short Hills<\/strong>, Time magazine\u2019s \u2018Richest Town in America\u2019 of 2014, boasts the second most expensive zip code in the state;<\/li>\n<li><strong>Hoboken\u2019s 07030 <\/strong>(#33 on our list)\u00a0was the setting for the largest number of residential transactions in 2016\u2014830;<\/li>\n<li>The <strong>biggest deals of the year<\/strong> in New Jersey were the $10M sales of 85 Ocean Ave. and 9 Wallace Road in Deal, N.J.<\/li>\n<\/ul>\n<p>As New York City housing costs continue to skyrocket, pushing homeownership out of reach for many people, residents are shifting their focus across the Hudson River. According to a Q4 2016 report from <a href=\"http:\/\/www.marcusmillichap.com\/research\/researchreports\" target=\"_blank\" rel=\"noopener\">Marcus &amp; Millichap<\/a>, households and businesses alike are flocking to New Jersey, adding thousands of new jobs and fueling both single- and multi-family development in the region. As a result, the market has blossomed into one of the most sought-after destinations in the Northeast.<\/p>\n<p>At the end of last year, PropertyShark compiled a list of <a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/2016\/12\/19\/most-expensive-zip-codes-in-the-u-s-in-2016\/\" target=\"_blank\" rel=\"noopener\">the most expensive zip codes in the U.S.<\/a>, and 2 New Jersey zip codes made the cut: Alpine\u2019s 07620 landed the 44<sup>th<\/sup> spot on our list, and Short Hills&#8217; 07078 landed the 88<sup>th<\/sup>. This year, we thought we\u2019d take a closer look at the market and round up the most expensive zip codes in The Garden State.<\/p>\n<p>The top three zip codes on our list will come as no surprise\u2014these cities have made\u00a0quite a few &#8216;most expensive&#8217; lists in the past. <strong>The most expensive zip code<\/strong>\u00a0on our list is occupied by Alpine&#8217;s 07620.\u00a0This exclusive NYC suburb, home to celebrities such as Stevie Wonder, Sean \u201cP. Diddy\u201d Combs and Alicia Keys,\u00a0is a long-time favorite for the super-rich. Though it no longer leads the nation, Alpine continues to boast the most expensive zip code in the state. The median home price here is $2,050,000.<\/p>\n<p>The <strong>second most expensive zip code<\/strong> in the state\u00a0is Short Hills&#8217; 07078, with a median home price of $1,430,000. The community is a very popular destination among wealthy NYC commuters\u2014Short Hills landed the top spot on <a href=\"http:\/\/time.com\/100987\/richest-towns\/\" target=\"_blank\" rel=\"noopener\">Time magazine\u2019s list<\/a> of The 10 Richest Towns in America in 2014.<\/p>\n<p>The<strong> third priciest zip code<\/strong>\u00a0on our list is Stone Harbor&#8217;s 08247, with a median home price of $1,110,000.\u00a0Described by <a href=\"http:\/\/query.nytimes.com\/gst\/fullpage.html?res=9506E4D71F3EF935A15755C0A9639C8B63\" target=\"_blank\" rel=\"noopener\">The New York Times<\/a> as featuring \u201cblock after block of gleaming McMansions and elegant shops,\u201d Stone Harbor, N.J., is a popular resort community among vacationers from the Mid-Atlantic region and Quebec.<\/p>\n<p>Though it only landed the 33rd spot on our list of most expensive New Jersey zip codes, <strong>Hoboken&#8217;s 07030<\/strong> is healthy in other respects. The city was the setting for\u00a0the largest number of residential transactions in the past year\u2014830\u00a0sales closed here in 2016, at\u00a0a median price of $685,000. According to the <a href=\"https:\/\/www.wsj.com\/articles\/hoboken-n-j-is-a-happening-place-1471599002?mg=id-wsj\" target=\"_blank\" rel=\"noopener\">Wall Street Journal<\/a>, Hoboken has recently become a magnet for young professionals and home buyers who have been priced out of New York City, offering an\u00a0easy commute and a large variety of dining and leisure options.<\/p>\n<p>To get a better idea on how the market is faring, we also dug up the <strong>largest residential transactions to close in New Jersey in 2016<\/strong>. According to public records, two properties in Deal, N.J. (07723) stole the spotlight, the first being <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/3306420\/85-Ocean-Ave-Deal-NJ-07723\/\" target=\"_blank\" rel=\"noopener\">85 Ocean Ave.<\/a>\u00a0Located in Deal Boro, this 5-bedroom, 6-bathroom home changed hands for $10,000,000\u00a0in January 2016. The property was originally built in 1938 and totals 5,679 square feet of space. The second transaction worth mentioning is the $10,000,000 sale of <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/3306603\/9-Wallace-Rd-Deal-NJ-07723\/\" target=\"_blank\" rel=\"noopener\">9 Wallace Road<\/a>.\u00a0Another Deal, N.J., property, this 2,788-square-foot home was built in 1966 and changed owners\u00a0in April 2016.<\/p>\n<p>Check out the full list of New Jersey zip codes below:<\/p>\n\n<table id=\"tablepress-144\" class=\"tablepress tablepress-id-144\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">#<\/th><th class=\"column-2\">Zip code<\/th><th class=\"column-3\">Location<\/th><th class=\"column-4\">Median<\/th><th class=\"column-5\">Transactions<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">1<\/td><td class=\"column-2\">07620<\/td><td class=\"column-3\">Alpine<\/td><td class=\"column-4\">$2,050,000<\/td><td class=\"column-5\">16<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">2<\/td><td class=\"column-2\">07078<\/td><td class=\"column-3\">Short Hills<\/td><td class=\"column-4\">$1,430,000<\/td><td class=\"column-5\">220<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">3<\/td><td class=\"column-2\">08247<\/td><td class=\"column-3\">Stone Harbor<\/td><td class=\"column-4\">$1,110,000<\/td><td class=\"column-5\">109<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">4<\/td><td class=\"column-2\">07632<\/td><td class=\"column-3\">Englewood Cliffs<\/td><td class=\"column-4\">$1,050,000<\/td><td class=\"column-5\">61<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">5<\/td><td class=\"column-2\">07976<\/td><td class=\"column-3\">New Vernon<\/td><td class=\"column-4\">$1,037,500<\/td><td class=\"column-5\">10<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">6<\/td><td class=\"column-2\">08738<\/td><td class=\"column-3\">Mantoloking<\/td><td class=\"column-4\">$980,000<\/td><td class=\"column-5\">49<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">7<\/td><td class=\"column-2\">08202<\/td><td class=\"column-3\">Avalon<\/td><td class=\"column-4\">$975,000<\/td><td class=\"column-5\">210<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">8<\/td><td class=\"column-2\">07458<\/td><td class=\"column-3\">Saddle River<\/td><td class=\"column-4\">$945,000<\/td><td class=\"column-5\">144<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">9<\/td><td class=\"column-2\">07931<\/td><td class=\"column-3\">Far Hills<\/td><td class=\"column-4\">$884,375<\/td><td class=\"column-5\">41<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">10<\/td><td class=\"column-2\">07723<\/td><td class=\"column-3\">Deal<\/td><td class=\"column-4\">$883,500<\/td><td class=\"column-5\">34<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">11<\/td><td class=\"column-2\">07417<\/td><td class=\"column-3\">Franklin Lakes<\/td><td class=\"column-4\">$880,000<\/td><td class=\"column-5\">109<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">12<\/td><td class=\"column-2\">07021<\/td><td class=\"column-3\">Essex Fellss<\/td><td class=\"column-4\">$849,000<\/td><td class=\"column-5\">45<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">13<\/td><td class=\"column-2\">07717<\/td><td class=\"column-3\">Avon By The Sea<\/td><td class=\"column-4\">$840,000<\/td><td class=\"column-5\">36<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">14<\/td><td class=\"column-2\">07046<\/td><td class=\"column-3\">Mountain Lakes<\/td><td class=\"column-4\">$825,000<\/td><td class=\"column-5\">62<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">15<\/td><td class=\"column-2\">07928<\/td><td class=\"column-3\">Chatham<\/td><td class=\"column-4\">$815,000<\/td><td class=\"column-5\">273<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">16<\/td><td class=\"column-2\">07627<\/td><td class=\"column-3\">Demarest<\/td><td class=\"column-4\">$810,000<\/td><td class=\"column-5\">76<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">17<\/td><td class=\"column-2\">07760<\/td><td class=\"column-3\">Rumson<\/td><td class=\"column-4\">$800,000<\/td><td class=\"column-5\">198<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">18<\/td><td class=\"column-2\">08750<\/td><td class=\"column-3\">Sea Girt<\/td><td class=\"column-4\">$790,000<\/td><td class=\"column-5\">89<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">19<\/td><td class=\"column-2\">07041<\/td><td class=\"column-3\">Millburn<\/td><td class=\"column-4\">$785,000<\/td><td class=\"column-5\">84<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">20<\/td><td class=\"column-2\">07670<\/td><td class=\"column-3\">Tenafly<\/td><td class=\"column-4\">$780,000<\/td><td class=\"column-5\">174<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">21<\/td><td class=\"column-2\">07901<\/td><td class=\"column-3\">Summit<\/td><td class=\"column-4\">$765,000<\/td><td class=\"column-5\">353<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">22<\/td><td class=\"column-2\">08248<\/td><td class=\"column-3\">Strathmere<\/td><td class=\"column-4\">$755,000<\/td><td class=\"column-5\">16<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">23<\/td><td class=\"column-2\">07423<\/td><td class=\"column-3\">Ho Ho Kus<\/td><td class=\"column-4\">$730,000<\/td><td class=\"column-5\">71<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">24<\/td><td class=\"column-2\">08558<\/td><td class=\"column-3\">Skillman<\/td><td class=\"column-4\">$723,750<\/td><td class=\"column-5\">98<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\">25<\/td><td class=\"column-2\">07704<\/td><td class=\"column-3\">Fair Haven<\/td><td class=\"column-4\">$721,250<\/td><td class=\"column-5\">112<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\">26<\/td><td class=\"column-2\">07450<\/td><td class=\"column-3\">Ridgewood<\/td><td class=\"column-4\">$712,500<\/td><td class=\"column-5\">350<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\">27<\/td><td class=\"column-2\">07043<\/td><td class=\"column-3\">Montclair<\/td><td class=\"column-4\">$710,000<\/td><td class=\"column-5\">193<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\">28<\/td><td class=\"column-2\">07481<\/td><td class=\"column-3\">Wyckoff<\/td><td class=\"column-4\">$700,000<\/td><td class=\"column-5\">190<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\">29<\/td><td class=\"column-2\">08008<\/td><td class=\"column-3\">Beach Haven<\/td><td class=\"column-4\">$700,000<\/td><td class=\"column-5\">548<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\">30<\/td><td class=\"column-2\">07940<\/td><td class=\"column-3\">Beach Haven<\/td><td class=\"column-4\">$699,500<\/td><td class=\"column-5\">191<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\">31<\/td><td class=\"column-2\">08403<\/td><td class=\"column-3\">Longport<\/td><td class=\"column-4\">$690,000<\/td><td class=\"column-5\">50<\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\">32<\/td><td class=\"column-2\">07059<\/td><td class=\"column-3\">Warren<\/td><td class=\"column-4\">$685,000<\/td><td class=\"column-5\">171<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\">33<\/td><td class=\"column-2\">07030<\/td><td class=\"column-3\">Hoboken<\/td><td class=\"column-4\">$685,000<\/td><td class=\"column-5\">830<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\">34<\/td><td class=\"column-2\">07677<\/td><td class=\"column-3\">Woodcliff Lake<\/td><td class=\"column-4\">$685,000<\/td><td class=\"column-5\">77<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\">35<\/td><td class=\"column-2\">07945<\/td><td class=\"column-3\">Mendham<\/td><td class=\"column-4\">$675,000<\/td><td class=\"column-5\">127<\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\">36<\/td><td class=\"column-2\">07935<\/td><td class=\"column-3\">Green Village<\/td><td class=\"column-4\">$673,000<\/td><td class=\"column-5\">10<\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\">37<\/td><td class=\"column-2\">07090<\/td><td class=\"column-3\">Westfield<\/td><td class=\"column-4\">$670,000<\/td><td class=\"column-5\">418<\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\">38<\/td><td class=\"column-2\">08212<\/td><td class=\"column-3\">Cape May Point<\/td><td class=\"column-4\">$660,000<\/td><td class=\"column-5\">23<\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\">39<\/td><td class=\"column-2\">07722<\/td><td class=\"column-3\">Colts Neck<\/td><td class=\"column-4\">$650,000<\/td><td class=\"column-5\">113<\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\">40<\/td><td class=\"column-2\">07711<\/td><td class=\"column-3\">Allenhurst<\/td><td class=\"column-4\">$650,000<\/td><td class=\"column-5\">29<\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\">41<\/td><td class=\"column-2\">07079<\/td><td class=\"column-3\">South Orange<\/td><td class=\"column-4\">$639,625<\/td><td class=\"column-5\">243<\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\">42<\/td><td class=\"column-2\">08243<\/td><td class=\"column-3\">Sea Isle City<\/td><td class=\"column-4\">$633,250<\/td><td class=\"column-5\">230<\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\">43<\/td><td class=\"column-2\">08502<\/td><td class=\"column-3\">Belle Mead<\/td><td class=\"column-4\">$629,500<\/td><td class=\"column-5\">126<\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\">44<\/td><td class=\"column-2\">08006<\/td><td class=\"column-3\">Barnegat Light<\/td><td class=\"column-4\">$628,000<\/td><td class=\"column-5\">46<\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\">45<\/td><td class=\"column-2\">07739<\/td><td class=\"column-3\">Little Silver<\/td><td class=\"column-4\">$620,000<\/td><td class=\"column-5\">95<\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\">46<\/td><td class=\"column-2\">07069<\/td><td class=\"column-3\">Watchung<\/td><td class=\"column-4\">$618,000<\/td><td class=\"column-5\">70<\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\">47<\/td><td class=\"column-2\">07624<\/td><td class=\"column-3\">Closter<\/td><td class=\"column-4\">$615,000<\/td><td class=\"column-5\">110<\/td>\n<\/tr>\n<tr class=\"row-49\">\n\t<td class=\"column-1\">48<\/td><td class=\"column-2\">07028<\/td><td class=\"column-3\">Glen Ridge<\/td><td class=\"column-4\">$615,000<\/td><td class=\"column-5\">149<\/td>\n<\/tr>\n<tr class=\"row-50\">\n\t<td class=\"column-1\">49<\/td><td class=\"column-2\">07930<\/td><td class=\"column-3\">Chester<\/td><td class=\"column-4\">$605,000<\/td><td class=\"column-5\">113<\/td>\n<\/tr>\n<tr class=\"row-51\">\n\t<td class=\"column-1\">50<\/td><td class=\"column-2\">07086<\/td><td class=\"column-3\">Weehawken<\/td><td class=\"column-4\">$604,500<\/td><td class=\"column-5\">136<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<h4><span class=\"ez-toc-section\" id=\"Share_this_on_your_site\"><\/span>Share this on your site<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><textarea onclick=\"this.focus();this.select()\" style=\"width: 100%; height: 100px;\"><iframe loading=\"lazy\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/05\/Most-expensive-Zip-codes-in-NJ.html\" height=\"auto\" width=\"100%\" allowfullscreen=\"true\" frameborder=\"0\"><\/iframe><\/textarea><\/p>\n<p><em>Looking to buy a home in The Garden State? Check out\u00a0our\u00a0homes for sale in New Jersey.<\/em><\/p>\n<p><em>Methodology<\/em>: \u00a0In order to determine which were the most expensive ZIP codes in New Jersey, we looked at all residential transactions closed in 2016, taking into account condo, co-op, single- and two-family homes. All package deals were excluded.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick facts: Alpine\u2019s 07620 still reigns supreme as the most expensive zip code in New Jersey; Short Hills, Time magazine\u2019s \u2018Richest Town in America\u2019 of 2014, boasts the second most expensive zip code in the state; Hoboken\u2019s 07030 (#33 on our list)\u00a0was the setting for the largest number of residential transactions in 2016\u2014830; The biggest&hellip;<\/p>\n","protected":false},"author":67,"featured_media":25865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[801,507],"tags":[11171],"class_list":["post-25635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-most-expensive-zip-codes","category-new-jersey-real-estate-2","tag-old-study"],"yoast_head":"<!-- This site is optimized with the Yoast SEO 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