News

California, New York top most expensive ZIP codes

California, New York top most expensive ZIP codes

COSTLY CRIBS: Sailboats are seen docked at the San Francisco Yacht Club in Belvedere, California in this file photo taken April 15, 2012. The area is among the most expensive in the nation in terms of cost of living. Photo: Reuters/REUTERS/Stephen Lam/Files

NEW YORK (Reuters) – Northern California’s Silicon Valley boasts the two priciest ZIP codes in the United States with median home prices of more than $5.4 million, Forbes magazine said on Wednesday.

Atherton’s 94027 ZIP code topped the list with house prices hovering at $6.7 million, followed by 94022 in Los Altos Hills, where homes are slightly less at around $5.4 million.

New York claimed five of the top 10 spots on the list, including Manhattan’s Upper East Side at No. 3, which dropped from first place last year, and the Long Island beach town of Sagaponack at No. 5.

California had four of the top 10 spots.

The only other state with a ZIP code on the list was New Jersey, with the city of Alpine, which slipped from second place in 2012 to No. 8 this year.

Forbes attributed the technology boom and an influx of wealthy foreign buyers from China and India, as well as American billionaires, for the increasing popularity of Atherton, which jumped from third place last year.

Its most expensive home for sale is listed at $33 million. Its cheapest, a two-bedroom bungalow, has an asking price of $1.2 million.

Colorado ski resort Aspen just missed the top 10, coming in 11th, followed by Coral Gables in Florida. Miami was far behind at No. 30 and Greenwich, Connecticut, came in at 34.

Forbes compiled the list with Altos Research, a California real estate data firm, after calculating median home prices in 22,000 U.S. ZIP codes, which are postal districts. Co-ops, which are popular in some of New York’s most expensive neighbors, were not included.

Recent Headlines

14 minutes ago in Music, Entertainment

Brad Paisley to appear opposite wife on ‘Two and a Half Men’

Fresh
paisley

Country singer Brad Paisley is set to star opposite his wife in the season finale of "Two and a Half Men."

60 minutes ago in Music

CHART TOPPERS: This week’s top country songs

Fresh
blake-shelton

LISTEN: This week's top country songs.

1 hour ago in Entertainment

Paul Walker’s brothers to fill in for late actor in ‘Fast & Furious 7′

Fresh
U.S actor Paul Walker arrives for the UK Premiere of Fast & Furious, in London's Leicester Square, Thursday, March 19, 2009.

The brothers of the late actor will fill in for the star in order to complete scenes in the upcoming film "Fast & Furious 7."

today in Trending, Viral Videos

TODAY’S MUST SEE: How ‘Frozen’ Should Have Ended

Updated
How Frozen Should Have Ended

This "alternative ending" would have made Frozen a COMPLETELY different movie!

today in Entertainment

Today in entertainment history: April 16

cronkite

A look at the Hollywood headlines of years past.