Forbes has just released its annual list of the most expensive zip codes in America, and California has more reasons to be called the Golden State. Four communities in CA garnered spots in the top 10 as it is a home to some of the most expensive real estate in the United States.
Although last year's top 10 list was topped by New York by having six zip codes on the list, this year the Big Apple is only able to garner three spots.
California has been getting pricier real estate due to the boom of the tech companies that are residing in the State. Three out of four most expensive zip codes are located in Northern California, near Silicon Valley, which is home to tech giants such as Facebook, Google and their executives. Moreover, the types of homes are also accounted for in coming up with the list of priciest zip codes in America.
In determining the ranking and the list, Forbes said that it worked with Altos Research, a data provider, which looks at the asking prices - not sale prices - of single-family homes in 28,500 zip codes across America over a 90 day period which ended October 9.
"The thing about the Bay Area is that the housing supply is ridiculously constrained," Michael Simonsen, CEO of Altos Research, told Forbes. "And in a town like Atherton, there are no condos."
'Manhattan,' he added, 'has a mix of homes, from brownstones to high-rise condos.'
Here are the current top 10 priciest and most expensive zip codes in America:
1. Atherton, California 94027 - Median home price: $10.5 million
2. SAGAPONACK, NEW YORK 11962 - Median home price: $7.4 million
3. NEW YORK, NEW YORK 10012 (SOHO) - Media home price: $7.3 million
4. WOODY CREEK, COLORADO 81656 - Median home price: $7 million
5.NEW YORK, NEW YORK 10013 (DOWNTOWN/TRIBECA) - Median home price: $6 million
6. MIAMI BEACH, FLORIDA 33109 (FISHER ISLAND) - Median home price: $5.5 million
7. WOODSIDE, CALIFORNIA 94062 - Media home price: $5.5 million
8. HIDDEN HILLS, CALIFORNIA 91302 - Median home price: $5 million
9. ASPEN, COLORADO 81611 - Median home price: $5 million
10. HILLSBOROUGH, CALIFORNIA 94010 - Median home price: $4.9 million
Those were the top 10 priciest zip codes in America. Do you live in these places?
