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Housing Prices In The Top 10 Richest Zip Codes In The United States
he big housing boom that greatest extent since 2001. The
the nation experienced over median property values featured
the last five years, in the top ten are listed from
especially from the third quarter the 2nd quarter of 2006. The
of 2001 through the third quarter percentage of appreciation is
of 2006, has not only perked the based on a comparison of
overall housing prices in the single-family home prices over
country, but also created a the last 5 years - that is,
significant rise in the prices of between the 3rd quarter of 2001
America's richest Zip codes. and the 3rd quarter of 2006.
The Standard & Poor's 1. Greenwich, Connecticut:
Case-Shiller Home Price Index Zip code 06831, Median Price
registered a five year increase (2006:Q2): $2,983,000, five year
of 63.7 % in home prices, for the appreciate rate: 49.3 percent.
nation in totality, according to Bridgeport-Stamford-Norwalk metro
Fiserv Lending Solutions, that area.
supplies data and software to
lenders. Meanwhile, the Zip codes 2. Newport Beach,
that had a median sales price of California: Zip code 92661,
$750,000 and more, showed an Median Price: $2,500,000, five
increase of 79.5 %. year appreciate rate: 132.2
percent. Santa Ana-Anaheim-Irvine
Let us take a look at the housing metro area.
prices in the richest Zip codes
of America and the changes that 3. Paradise Valley, Arizona:
have happened over time. Given Zip code 85253, Median Price:
below are the top 10 richest Zip $1,850,000, five year appreciate
codes in the U.S. where median rate: 100.4 percent.
property prices rose to the Phoenix-Mesa-Scottsdale metro
area.
8. Chevy Chase, Maryland:
4. Avalon, New Jersey: Zip Zip code 20815, Median Price:
code 08202, Median Price: $1,043,000, five year appreciate
$1,687,500, five year appreciate rate: 94.8 percent.
rate: 125.7 percent. Ocean City Bethesda-Gaithersburg-Frederick
metro area. metro area.
5. Cambridge, Massachusetts: 9. Hinsdale, Illinois: Zip
Zip code 02138, Median Price: code 60521, Median Price:
$1,395,500, five year appreciate $950,000, five year appreciate
rate: 22.4 percent. rate: 48.4 percent.
Cambridge-Newton-Framingham metro Chicago-Naperville-Joliet metro
area. area.
6. Glen Head, New York: Zip 10. Bellevue, Washington: Zip
code 11545, Median Price: code 98004, Median Price:
$1,150,000, five year appreciate $950,000, five year appreciate
rate: 67.2 percent. rate: 83.9 percent.
Nassau-Suffolk metro area. Seattle-Bellevue-Everett metro
area.
7. Islamorada, Florida: Zip
code 33036: Median Price: Source: BusinessWeek Online,
$1,150,000, five year appreciate Peter Coy and Maya Roney
rate: 204.3 percent. Key (04/02/07)
West-Marathon metro area.
About the Author:
San Diego Condos
La Jolla Condos
Mission Bay Real Estate
Read more articles by: Real Estate Advisor
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