Few would dispute that living in the Garden State can cost a pretty penny and a new report shows that two towns in New Jersey stand among the priciest zip codes in America.
PropertyShark, a New York City-based real estate blog, compiled its annual list of the most expensive zip codes in the U.S. based on median home sale price. The report is dominated by two states; California led the way with 91 of the most expensive zip codes (including six of the 10 priciest), while New York claimed 18 zips in the top 125.
New Jersey’s first entry on the list was 07620, which encompasses the borough of Alpine in Bergen County. It ranked #53 with a median home sale price of $1.7 million, making it the most expensive zip code in New Jersey and the priciest in the study’s Mid-Atlantic region.
The second most expensive zip code in the Garden State was Deal’s 07723, which landed at #85 on the ranking. The median home sale price in the Monmouth County spot came in at $1.5M.
The zip code for Short Hills, 07078, ranked as the 100th priciest zip code in the country on last year’s PropertyShark list but fell out of the top 125 this year despite sporting a slightly higher median home price of $1.42 million.
The #1 most expensive zip code in the country was 94027, which encompasses Atherton in Northern California. The median home sale price in the town was a jaw-dropping $7.05 million and the rankings conclude that the Bay Area, in general, is the most expensive metro area in the country, boasting 55 of America’s priciest zips.
The most expensive East Coast zip code was Sagaponack’s 11962. The Long Island village held onto its #2 position from last year and had a median home sale price of $4.3 million during 2019.
The Big Apple featured 10 of the country’s most expensive zip codes, with 10007 leading the way at #5. The zip includes Tribeca and the Financial District and had a median home sale price of $3.9 million.
It wasn’t just about Manhattan in terms of being pricey this year. Brooklyn broke into the list for the first time ever with their 11231 zip code, which came in at #95. The neighborhood, which includes Red Hook and Carroll Gardens, had a median home sale price that clocked in at $1.45 million.