Los Angeles is among the most expensive places to live in the United States.
Tell you something you don’t know? PropertyShark just announced that L.A. County has 21 of the 100 most expensive zip codes in the country. Beverly Hills, a veteran spot on the list, takes the lead as the sixth most expensive zip code. The median sale price this year in the infamous neighborhood comes to $4,125,000. Also within the $4 million-threshold is Santa Monica (93108).
L.A. County’s other rankings span affluent areas of town, such as Bel Air, Holmby Hills and Beverly Glen in the 90077 zip code; Pacific Palisades (90272) and Brentwood (90049). The median sale price of homes in these areas all fall within the $2.1 million and $3.25 million median sale price range.
PropertyShark’s ranked list is compiled by calculating median home sale prices, which allows for an accurate picture of market conditions, as opposed to listing prices that reflect sellers’ wishes. Despite the challenging nature of 2021, the U.S. residential market continues to experience vertical price trends. This is made clear by the fact that for the first time ever, 127 zip codes are included on the list to account for multiple ties.
Los Angeles County’s domination of the list speaks to California’s larger claim of having the bulk of the country’s most expensive zip codes, which originated 70 percent of all zip codes on the list, including six of the top 10. Looking at just California, Beverly Hills is beat out by two Northern California locations. Ross in Marin County (94957) holds the No. 4 spot with a median sale price of $4,583,000, while No.1 goes to Atheron (94027) in San Mateo County, which has a median sale price of $7,475,000.
Three non-California zip codes hold the remaining top five positions. Surprisingly, no New York City zip codes were even among the top 20 this year, though it does hold one of the highest concentrations of expensive zip codes (six, just like L.A.). The No. 2 spot goes to Boston (02199) with a median home sale price of $5.5 million. Meanwhile, Sagaponack, N.Y. (11962) has the third most expensive zip code given its $5 million median sale price.
Find the full report here.
See also: Film Producer Joel Silver's Intriguing Brentwood Home Listed for $75 Million
Photography by: Unsplash/Cameron Venti
