Chicago Home Options

Ginger Bonneau

  • Home
  • About
  • Resources
    • First Time Home Seller Tips
    • First Time Home Buyer Tips
  • Reviews
  • Contact Ginger

America’s Most Expensive ZIP Codes (2010 Edition)

October 1, 2010 by Ginger Bonneau Leave a Comment

Expensive ZIP codesThe value of a home is based on the basic economic principle of Supply and Demand. When the number of buyers exceeds the number of sellers, home prices rise. Conversely, when sellers outnumber buyers, home prices fall.

There’s always a opening price point for negotiation and that figure often factors in specifics like square footage, number of rooms, and finishes and amenities. Location matters, too.

On a ZIP code-by-ZIP code basis, prices can vary wildly and it’s tiny, tony 91008 — located in Duarte, California — that tops the 2010 Forbes list of America’s Most Expensive ZIP Codes. Home to fewer than 1,400 residents of Los Angeles County, the ZIP code’s median home cost is $4,276,462.

By contrast, the median home cost across all of Duarte’s ZIP codes is just $358,454.

As listed by Forbes, America’s 10 most expensive ZIP codes are:

  1. Duarte, CA (91008) : $4,276,462
  2. Atherton, CA (94027) : $4,010,200
  3. Rolling Hills, CA (92074) : $3,892,456
  4. Alpine, NJ (07620) : $3,814,885
  5. New York, NY (10014) : $3,785,445
  6. Beverly Hills, CA (90210) : $3,684,150
  7. New York, NY (10065) : $3,626,001
  8. Belvedere (94920) : $3,283,269
  9. New York, NY (10012) : $3,221,371
  10. Santa Barbara (93108) : $3,151,220

The real estate market is a local one, as evidenced by the Forbes list. Even within large cities like New York, there are areas that stand out from the pack in terms of cost and affordability and the same is true for all cities.

Therefore, when you need local market data for Edgewater , look past the “national statistics”.  Talk to a real estate agent with local market knowledge instead. It’s the most reliable way to get data that matters.

Filed Under: Rankings Tagged With: Forbes,ZIP code

Leave a Reply Cancel reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ginger

Contact Ginger


Consultant
Office: 312.254.0200
Mobile: 312.608.1125

Connect with Me

Let’s Keep In Touch!

  • This field is for validation purposes and should be left unchanged.

Recent Articles

  • An Overview Of Private Mortgage Insurance
  • The Top Tips For Impressing A Potential Buyer At Showings
  • Case-Shiller Reports Home Prices Rise at Fastest Pace in 7 Years
  • What Homeowners Must Do When Behind On Mortgage Payments

Looking For Something?

Categories

Our Location

1586 N. Clybourn
Chicago, IL 60642

Copyright © 2021 · Powered by MySMARTblog