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Wednesday, October 31, 2012

Beverly Hills' 90210 Among 'Most Expensive ZIP Codes'

Beverly Hills' 90210 Among 'Most Expensive ZIP Codes'

The city's famous ZIP ranks No. 12 on Forbes' annual list.

The 90210 ZIP code that made Beverly Hills famous has earned the No. 12 spot on Forbes' annual list of "America's Most Expensive ZIP Codes."

Forbes and Altos Research examined prices in more than 22,000 ZIP codes from June 28 through Sept. 28, examining the median asking price for single-family homes and condominiums. The analysis was limited to ZIPs with 10 or more residences on the market.

According to the magazine's analysis, the median home price in the 90210 ZIP during the survey period was $3,630,743, with a median price change of +4.5 percent over the last year. On average, 90210 homes remained on the market for 186 days. At the time of the survey, there were 236 properties listed in that ZIP.

The 90210 ZIP is the only Beverly Hills postal code that made the list. The city's other ZIPs are 90209, 90211, 90212 and 90213.

The top ZIP listed was 10065 in New York, NY, with a median home price of $6,534,430—an increase of 384.9 percent over the last year.

California first appears on the list at No. 3 with Atherton's 94027 ZIP, located on the San Francisco Peninsula. Homes there average $4,897,864, a 14 percent jump from last year.

Between Atherton and Beverly Hills, other California ZIPs at the top of the list are Hillsborough's 94010 (No. 5) with an average home price of $4,127,250, Los Altos Hills' 94022 (No. 7) at $4,016,050, Rolling Hills' 90274 (No. 9) at $3,972,500 and Belvedere's 94920 (No. 11) at $3,852,308.

To see Forbes' latest list of the most expensive American ZIP codes, click here.

Beverly Hills' 90210 Among 'Most Expensive ZIP Codes'

Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale

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