Alpine NJ and Atherton CA: America's Most Expensive ZIP Codes

by Scott Wu | September 1, 2009 at 12:21 pm

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Forbes released a list of America's most expensive ZIP codes. Alpine NJ, Atherton, CA West Village neighborhood NY, Duarte CA, Beverly Hills CA, are the top 5 on the list. It is ranked based on median home price, the price where most properties are priced at. The economic downturn caused a significant price drop when compared with last year's data.

The ZIP codes on our list saw a 7% average drop in asking price, and in many places prices fell even more. Overall, only one-fifth of America's Most Expensive ZIP Codes saw prices rise--and in a few of those places, the data were skewed by a single high-priced listing.

The top 5 most expensive ZIP codes:

(07620) Alpine, NJ - Median Price: $4.14 million, -23% since last year.
(94027) Atherton, CA - Median Price: $3.85 million, -26% since last year.
(10014) West Village, NY - Median Price: $3.52 million, -24% since last year
(91008) Duarte, CA - Median Price: $3.44 million, +18% since last year
(90210) Beverly Hills, CA - Median Price: $3.37 million, -5% since last year

For the complete list visit Forbes:
Most Expensive ZIP Codes
In Depth: America's 100 Most Expensive ZIP Codes

And no, 90210 is NOT the most expensive ZIP code.