Home US New Jersey surprises with a record six of the country’s wealthiest zip codes

New Jersey surprises with a record six of the country’s wealthiest zip codes

0 comments
A record six New Jersey ZIP codes are among the 100 most expensive real estate neighborhoods in the U.S., led by 07620 in Alpine.

A record six ZIP codes in New Jersey are among the 100 most expensive real estate neighborhoods in the United States.

California dominated the list, which actually has 121 entries due to ties, with 80 of its ZIP codes topping the list, and New York follows with 19.

The nation’s most populous state also claimed the top spot with 94027 in Atherton, a neighborhood bordering Palo Alto in the Bay Area, flush with tech money.

Atherton’s median price for a home sold from Jan. 1 to Sept. 30 was $7.9 million, compared to the U.S. median of just under $440,000.

A record six New Jersey ZIP codes are among the 100 most expensive real estate neighborhoods in the U.S., led by 07620 in Alpine.

Surprisingly, New Jersey came in just behind New York with easily its highest number in recent history, usually only having two in PropertyShark Top 100.

The most expensive was 07620 in Alpine in Bergen County, across the Hudson River from Yonkers in the state’s northern tip.

Alpine’s median sales price of $3.32 million was up from $2.9 million last year and is high enough to rank 24th most expensive in the United States.

This expensive neighborhood is home to celebrities like Eddie Murphy and Tracy Morgan and the homes are spread out with plenty of space.

Alpine’s median rose on the $16.7 million sale of a stunning mansion at 4 Stone Tower Drive, the state’s most expensive sale this year.

The dining room of the newly built Stone Mansion is seen in Alpine, New Jersey

The dining room of the newly built Stone Mansion is seen in Alpine, New Jersey

People enjoy one of the last days of summer in the Jersey Shore beach community of Deal, which jumped from 70th place last year, with a median of $2.1 million, to 32nd with $2.95 million dollars.

People enjoy one of the last days of summer in the Jersey Shore beach community of Deal, which jumped from 70th place last year, with a median of $2.1 million, to 32nd with $2.95 million dollars.

The ridiculous property has eight bedrooms, nine full bathrooms and three half-bathrooms in 22,800 square feet of living space.

There is also a bowling alley, billiards room, wine cellar, guest house, eight-car garage, swimming pool, cabana, tennis court and putting green.

Jersey Shore price increases accounted for the most of the other participants, followed by Deal with an average of $2.95 million.

Deal jumped from 70th last year, with a median of $2.1 million, to 32nd.

Avalon, also on the Jersey Shore, burst onto the list at No. 41, and its median rose from $2.29 million to $2.75 million.

Avalon, also on the Jersey Shore, burst onto the list at No. 41, and its median rose from $2.29 million to $2.75 million.

Mantoloking, a small strip of land on New Jersey's massive barrier peninsula, ranks 59th with a median of $2.36 million.

Mantoloking, a small strip of land on New Jersey’s massive barrier peninsula, ranks 59th with a median of $2.36 million.

Avalon, also on the Jersey Shore, burst onto the list at No. 41, and its median rose from $2.29 million to $2.75 million.

Mantoloking, a small strip of land on New Jersey’s massive barrier peninsula, comes in at No. 59 with a median of $2.36 million.

Stone Harbor, another Shore neighborhood, ranked 70th with $2.2 million.

Finally, the inland suburb of Short Hills, west of Newark, made last year’s list and was the only New Jersey ZIP code to lose ground, coming in at No. 93 with $1.95 million.

Stone Harbor, another Shore neighborhood, ranked 70th with $2.2 million.

Stone Harbor, another Shore neighborhood, ranked 70th with $2.2 million.

Finally, the inland suburb of Short Hills, west of Newark, made last year's list and was the only New Jersey ZIP code to lose ground, slipping into No. 93 with $1.95 million.

Finally, the inland suburb of Short Hills, west of Newark, made last year’s list and was the only New Jersey ZIP code to lose ground, slipping into No. 93 with $1.95 million.

Not far from New Jersey, two expensive Hamptons neighborhoods, Sagaponack and Water Mill, took second and third place, followed by Miami Beach in fourth.

California then flooded the chart from fifth place to 22nd, interrupted only by Medina in Washington at 14th and Amagansett, New York, at 19th.

Beverly Hills’ famed 90210 ZIP code ranked 13th with $4.013 million, falling from fifth place last year, when its median was $4.8 million.

PropertyShark only counted condos, co-ops, and single- and two-family homes in ZIP codes with at least five sales during the first nine months of 2024.

You may also like