Every U.S. state has an enclave where its wealthiest homeowners reside, but how much they pay for homes can vary by millions.
The Bel Air neighborhood in Los Angeles is the most expensive place to live in both the U.S. overall and California specifically, with homes costing a median price of $8,625,000, according to a Realtor.com analysis of the most expensive ZIP codes in the U.S. The study is based on the median sale price for new listings in October 2023.
In contrast to California, the most expensive ZIP code for North Dakota is found in Fargo, where median-priced homes are relatively affordable, costing $439,900. That’s about $8 million less than in Bel Air.
Upscale vacation destinations and exclusive coastal towns dominate the most expensive ZIP codes for many U.S. states. That includes the Hamptons community of Water Mill, New York, as well as the ski resort towns of Telluride, Colorado, and Wilson, Wyoming, which is near Jackson Hole. Median-priced homes in these ZIP codes cost more than $4 million.
In more rural states like Alaska, Iowa, Nebraska and West Virginia, homes in the most expensive ZIP codes cost less than $1 million. That’s still more than the U.S. median home price of $431,000, according to the most recent U.S. Census data.
Below are the most expensive ZIP codes in all 50 states and Washington, D.C., listed in alphabetical order.
Alabama
- Most expensive ZIP code: Arley (35541)
- Median list price: $1,050,000
- Median square footage: 2,888
Alaska
- Most expensive ZIP code: Anchorage (99516)
- Median list price: $770,000
- Median square footage: 3,007
Arizona
- Most expensive ZIP code: Paradise Valley (85253)
- Median list price: $4,856,250
- Median square footage: 5,561
Arkansas
- Most expensive ZIP code: Bentonville (72712)
- Median list price: $725,000
- Median square footage: 2,318
California
- Most expensive ZIP code: Los Angeles (90077)
- Median list price: $8,625,000
- Median square footage: 5,565
Colorado
- Most expensive ZIP code: Mountain Village (81435)
- Median list price: $5,525,000
- Median square footage: 2,861
Connecticut
- Most expensive ZIP code: Greenwich (06831)
- Median list price: $4,511,250
- Median square footage: 6,063
Delaware
- Most expensive ZIP code: Bethany Beach (19930)
- Median list price: $1,103,500
- Median square footage: 1,850
Florida
- Most expensive ZIP code: Coral Gables (33156)
- Median list price: $4,175,000
- Median square footage: 4,476
Georgia
- Most expensive ZIP code: Atlanta (30327)
- Median list price: $2,371,250
- Median square footage: 5,567
Hawaii
- Most expensive ZIP code: Kilauea (96754)
- Median list price: $4,112,500
- Median square footage: 2,429
Idaho
- Most expensive ZIP code: Ketchum (83340)
- Median list price: $4,185,000
- Median square footage: 3,191
Illinois
- Most expensive ZIP code: Winnetka (60093)
- Median list price: $1,650,000
- Median square footage: 4,495
Indiana
- Most expensive ZIP code: Zionsville (46077)
- Median list price: $724,900
- Median square footage: 3,752
Iowa
- Most expensive ZIP code: Clive (50325)
- Median list price: $575,482
- Median square footage: 1,986
Kansas
- Most expensive ZIP code: Mission Hills (66208)
- Median list price: $1,028,750
- Median square footage: 3,006
Kentucky
- Most expensive ZIP code: Prospect (40059)
- Median list price: $784,700
- Median square footage: 3,771
Louisiana
- Most expensive ZIP code: New Orleans (70124)
- Median list price: $618,000
- Median square footage: 2,612
Maine
- Most expensive ZIP code: Falmouth (04105)
- Median list price: $1,149,500
- Median square footage: 2,909
Maryland
- Most expensive ZIP code: Bethesda (20817)
- Median list price: $2,222,500
- Median square footage: 5,068
Massachusetts
- Most expensive ZIP code: Boston (02108)
- Median list price: $5,687,500
- Median square footage: 3,468
Michigan
- Most expensive ZIP code: Bloomfield Hills (48301)
- Median list price: $1,084,750
- Median square footage: 3,730
Minnesota
- Most expensive ZIP code: Wayzata (55391)
- Median list price: $1,716,000
- Median square footage: 3,963
Mississippi
- Most expensive ZIP code: Madison (39110)
- Median list price: $525,000
- Median square footage: 2,663
Missouri
- Most expensive ZIP code: Saint Louis (63131)
- Median list price: $1,498,750
- Median square footage: 4,694
Montana
- Most expensive ZIP code: Whitefish (59937)
- Median list price: $1,487,000
- Median square footage: 2,109
Nebraska
- Most expensive ZIP code: Valley (68064)
- Median list price: $910,000
- Median square footage: 3,378
Nevada
- Most expensive ZIP code: Incline Village (89451)
- Median list price: $2,988,500
- Median square footage: 2,695
New Hampshire
- Most expensive ZIP code: Portsmouth (03801)
- Median list price: $1,066,725
- Median square footage: 1,945
New Jersey
- Most expensive ZIP code: Stone Harbor (08247)
- Median list price: $4,387,250
- Median square footage: 2,797
New Mexico
- Most expensive ZIP code: Santa Fe (87506)
- Median list price: $2,156,250
- Median square footage: 3,616
New York
- Most expensive ZIP code: Water Mill (11976)
- Median list price: $7,995,000
- Median square footage: 7,171
North Carolina
- Most expensive ZIP code: Cashiers (28717)
- Median list price: $1,958,750
- Median square footage: 10,037
North Dakota
- Most expensive ZIP code: Fargo (58104)
- Median list price: $439,900
- Median square footage: 2,657
Ohio
- Most expensive ZIP code: Moreland Hills (44022)
- Median list price: $1,012,450
- Median square footage: 4,639
Oklahoma
- Most expensive ZIP code: Tulsa (74137)
- Median list price: $677,225
- Median square footage: 3,972
Oregon
- Most expensive ZIP code: Bend (97703)
- Median list price: $1,237,250
- Median square footage: 2,349
Pennsylvania
- Most expensive ZIP code: New Hope (18938)
- Median list price: $1,848,750
- Median square footage: 3,976
Rhode Island
- Most expensive ZIP code: Jamestown (02835)
- Median list price: $1,787,500
- Median square footage: 2,688
South Carolina
- Most expensive ZIP code: Sunset (29685)
- Median list price: $2,041,093
- Median square footage: 4,920
South Dakota
- Most expensive ZIP code: Lead (57754)
- Median list price: $922,000
- Median square footage: 2,724
Tennessee
- Most expensive ZIP code: College Grove (37046)
- Median list price: $2,698,476
- Median square footage: 5,242
Texas
- Most expensive ZIP code: Dallas (75205)
- Median list price: $3,770,000
- Median square footage: 4,809
Utah
- Most expensive ZIP code: Park City (84098)
- Median list price: $1,881,000
- Median square footage: 3,032
Vermont
- Most expensive ZIP code: Stowe (05672)
- Median list price: $1,556,000
- Median square footage: 3,000
Virginia
- Most expensive ZIP code: McLean (22101)
- Median list price: $3,305,000
- Median square footage: 7,240
Washington
- Most expensive ZIP code: Mercer Island (98040)
- Median list price: $2,745,000
- Median square footage: 3,535
Washington, D.C.
- Most expensive ZIP code: Washington, D.C. (20015)
- Median list price: $1,446,225
- Median square footage: 2,379
West Virginia
- Most expensive ZIP code: Shepherdstown (25443)
- Median list price: $612,500
- Median square footage: 2,408
Wisconsin
- Most expensive ZIP code: Green Bay (54304)
- Median list price: $729,900
- Median square footage: 1,883
Wyoming
- Most expensive ZIP code: Wilson (83014)
- Median list price: $6,960,000
- Median square footage: 3,341
DON’T MISS: Want to be smarter and more successful with your money, work & life? Sign up for our new newsletter!
Get CNBC’s free Warren Buffett Guide to Investing, which distills the billionaire’s No. 1 best piece of advice for regular investors, do’s and don’ts, and three key investing principles into a clear and simple guidebook.
Read the full article here