America’s Top 10 Most Expensive Zip Codes: Average Home Prices in Bay Area and Hamptons Neighborhoods Reach More Than $8 Million

The top 10 most expensive zip codes have been revealed, with median home prices in the Bay Area and Hamptons exceeding $8 million.

Although overall average home sales prices have fallen in 2023, some of the nation’s top zip codes have climbed to the top, according to an annual ranking of Shark ownership.

The city of Atherton in the Bay Area and the village of Sagaponack in Southampton took the first two places in the rankings.

Atherton had an average home sale price of $8.3 million, while two of the ten towns finished sixth at $4.5 million.

Another six California cities were added to the list, along with one from Washington, Florida and a second from New York.

The most expensive zip code in 2023 was Atherton, a city in San Mateo County, about 25 miles from San Francisco.

Atherton has a population of 6,499 and 73 percent are white, while just over 18 percent are Asian.

According to the Census Bureau, Atherton is well above the top median household income of $250,000 and has reported a poverty rate of just three percent.

Atherton is full of single-family homes that had to meet the one-acre minimum lot requirement that was introduced in the 1920s.

Sagaponack, New York, came in as the second most expensive zip code in the country with a median sales price of $8,075,000.

Located in a village in Long Island’s Hamptons, the town has experienced a 40 percent increase in sales value since last year, when it was worth $5.75 million.

Property Shark reported that this is “the first time since 2016” that both Atherton and Sagaponack have nearly tied each other.

Miami Beach, Florida, took third place as the city raised $5.5 million, mostly on Fisher Island.

The popular city in the Sunshine State has consistently maintained its expensive status, ranking at number four in the 2022 report.

Santa Barbara, another Golden State city, came in at number four with an average sales price of $5 million.

The city is home to the exclusive Montecito enclave where famous celebrities such as Oprah Winfrey and Prince Harry and Meghan Markle live.

Santa Barbara earned a spot in the top 10 for the first time in 2021 when it ranked seventh with an average sales price of $4.1 million.

The city of Beverly Hills in Los Angeles came in at number five at $4.8 million with the famous zip code 90210.

Known as the home of the rich and famous, Beverly Hills’ median home price actually dropped by six percent compared to the previous year.

Both Stinson Beach, California and Water Mill, New York came in at number six and had a median home price of $4.5 million.

Stinson Beach, a community in Marin County, was home to the late Senator Dianne Feinstein.

According to the newspaper, a preview of her home recently sold for almost $8.5 million San Francisco Chronicle.

This was the first time Stinson Beach was in the top ten, as it was ranked number 21 the previous year.

Water Mill, just four miles from Sagaponack, saw its average home price rise 22 percent in the past year.

On the other side of the country, Newport Beach, California, ranked number seven with a median home price of $4,495,000.

The Orange County city alone contributed five zip codes to the entire list of the 100 most elite zip codes in the US.

Average sales in the city ranged from $2.49 million to $4.5 million.

In eighth place was Santa Monica, California, with $4,489,000, which represented a two percent price increase from 2022.

Santa Monica is a popular beach resort in Los Angeles.

Medina, Washington took ninth spot on the list with a median home price of $4,388,000.

The city experienced an eight percent decline from 2022 when it was three places higher at number six.

The last and tenth most expensive zip code in the US was Rancho Santa Fe, California, located in San Diego County.

The median home sales price for the city was $4,248,000, which was down just one percent from the previous year.

The San Diego community entered the top ten for the first time last year, when the average price was $4,275.00.