The 10 Most Expensive U.S. Zip Codes of 2022
A circa-1898 property in Sagaponack is offered for the second time in its lifetime with John Healey of Sotheby’s International Realty. Photography by Gavin Zeigler / Chris Foster for Sotheby’s International Realty.
At the end of every year, it’s always interesting to peel through PropertyShark’s annual report to find out what the most expensive zip codes in the U.S. were. And, for 2022, the phrase “The more things change, the more they stay the same” seems to ring true.
While California continued to dominate as it also did in 2020 and 2021, nabbing the majority of the top 10 spots including the #1 rank, most other zip codes from last year also remain in play. You’ll definitely see a few newcomers on the top 10 list, however, so read on to find out which affluent areas managed to rise, keep their place, or plummet out.
To own this chic Atherton, CA property listed with the Gullixson Team of Compass will cost you $11.995 million. Photograph by Bernard Andre.
1. Atherton, CA – 94027
Median Home Sale Price: $7.9M
2. Sagaponack, NY – 11962
Median Home Sale Price: $5.75M
3. Ross, CA – 94957
Median Home Sale Price: $5.5M
4. Miami Beach, FL – 33109 (Fisher Island)
Median Home Sale Price: $5.2M
5. Beverly Hills, CA – 90210
Median Home Sale Price: $5.122M
Want an address in the 90210? This $12.595 million listing with Lydia Giraldo of Sotheby’s International Realty is a stunner. Photograph by Simon Berlyn for Sotheby’s International Realty.
6. Medina, WA – 98039
Median Home Sale Price: $4.75M
7. Santa Monia, CA – 90402
Median Home Sale Price: $4.4M
8. Santa Barbara, CA – 93108
Median Home Sale Price: $4.3M
9. Newport Beach, CA – 92661
Median Home Sale Price: $4.293M
10. Rancho Santa Fe, CA – 92067
Median Home Sale Price: $4.275M
California luxury is on full display at this Beverly Hills listing with Lydia Giraldo of Sotheby’s International Realty. Photograph by Simon Berlyn for Sotheby’s International Realty.
Some key takeaways? Sagaponack, the only New York zip code in the top 10 last year and this year, rose to #2 while Boston, previously seated at that very position in 2021, fell completely out of the top 20. That’s largely due to how median prices rose dramatically in some affluent areas but took a major hit in places like Boston.
With sales prices rising in each of the top 10 zip codes this year, every zip code’s median closing price finished over $4.2 million compared to last year when every zip code in the top 10 finished above $4 million.
An impressive six-bedroom home in Atherton, CA is listed for $11.995 million with the Gullixson Team of Compass. Photograph by Bernard Andre.
Overall, California makes up 70% of the 100 most expensive zip codes of 2022. But, east coast zip codes still hold their own. Lower Manhattan, Water Mill, and Amagansett zip codes all made the top 20 though their median home sale prices are nowhere close to Silicon Valley’s Atherton. Entirely in a league of its own, Atherton’s median closing price is approaching $8 million as it claims its sixth consecutive year as America’s priciest zip code.
Considering the way luxury markets started changing this fall and winter, 2023’s list could tell a very different story for the first time in years. We’ll just have to see how it shakes out next December.
