Florida’s Fisher Island Dethrones Atherton, Calif. After Nearly Decade-Long Domination
In 2025, Florida’s rise was the standout story as Miami Beach’s Fisher Island claimed the nation’s top spot. However, California maintained broad dominance through Newport Beach and Los Angeles, while the Bay Area contracted. At the same time, the Northeast recorded its weakest showing in a decade and New England’s interior hierarchy reordered. Overall, hotspots of expensive real estate were present in 15 states.
Key Takeaways:
- Miami Beach’s Fisher Island (33109) became the country’s most expensive zip in 2025 with a $9.5 million median sale price, marking Florida’s first #1 finish.
- At $8.33M, Atherton, Calif. (94027) was the #2 priciest zip, ending its eight-year run as the country’s leading zip, followed by $5.93M Sagaponack, NY at #3
- Ten zips recorded medians above $5 million, twice as many as last year.
- California remained the dominant luxury market, representing 61% of the 100 priciest zips.
- Newport Beach was the most expensive city overall, with all six of its residential zips in the top 100
- Los Angeles tied with Greenwich, Conn. as the second-most expensive city, each contributing four zip codes
- The Bay Area retained the largest number of high-value zips with 32 in total, but continued to contract from its pre-pandemic peak.
- New York had one of its weakest showings in a decade with just 15 zips ranking and only three of those from NYC
- The Hamptons remained New York’s luxury anchor with nine Suffolk County zips in the top 100, including Sagaponack and Water Mill in the top 10.
- Connecticut contributed a record seven zips, surpassing Massachusetts for the first time
- Leading zips in New Jersey, Georgia and Washington surpass $4 million
- 15 states had zips among the 100 most expensive, most defined by coastal or island locations.
Ranking the Most Expensive U.S. Zip Codes in 2025 by Median Sale Price
Now in its 10th year, PropertyShark’s most expensive zip codes ranking draws on actual closed sales data to chart the evolution of U.S. real estate and wealth. By measuring median sale prices rather than listings, our top 100 report tracks where high-end transactions truly close, not where sellers are asking the highest prices — a crucial distinction in a year when the map of luxury housing shifted once again.
In 2025, Florida’s surge to the top was only one part of a wider realignment. Miami Beach’s Fisher Island became the country’s priciest zip code, while California retained its broad dominance with eight of the 10 highest medians and a record-dense cluster in Newport Beach.
Meanwhile, Greater Los Angeles strengthened its position even after the impact of devastating wildfire and the Bay Area continued to contract but remained the largest high-value metro, while the Northeast had one of its weakest years in a decade as NYC’s core lost ground and Massachusetts fell behind Connecticut. From coastal enclaves and mountain resorts to pricey urban neighborhoods, 2025 both reinforced and redrew the boundaries of affluence.
Fisher Island Dethrones Atherton as U.S. Price Leader After 8 Years of Dominance
In 2025, the priciest U.S. housing markets remained overwhelmingly coastal, with California accounting for eight of the 10 priciest zips. Across the country, New York state maintained a steady Hamptons presence through Sagaponack and Water Mill, while Florida reached new ground with Miami Beach ranking first with its exclusive Fisher Island coming in at $9.5 million.
Notably, Newport Beach, Calif., was the only city with three top 10 entries, while the Bay Area’s strength resurfaced via Los Altos and a sharp climb in Stinson Beach. Year-over-year, the median price among these zips generally advanced at a modest to strong pace. The big exception was Miami Beach’s Fisher Island, where rapid price increases reinforced South Florida’s growing role within the ultra-luxury segment and marked the first time that the country’s #1 most expensive zip code wasn’t in California or New York.
All in all, the top 10 most expensive U.S. zip codes in 2025 were:
1. Miami Beach, Fla.: 33109
2025 Median Sale Price: $9,500,000
Following last year’s record-breaking $5.75 million median sale price, zip 33109 on Miami Beach’s exclusive Fisher Island reached staggering new heights after a whopping 65% price jump. Price trends were so vertical on Fisher Island this year, that the cheapest home sold for $1.41 million, while the most expensive was bought for nearly $23.7 million by high-profile Miami lawyers William and Juliean Charouhis.
2. Atherton, Calif.: 94027
2025 Median Sale Price: $8,333,000
After eight consecutive years as the country’s most expensive zip code, Atherton’s 94027 lost its leading spot as Fisher Island soared far ahead. Still, Atherton posted a modest 5% gain from 2024 to set a new pricing record at $8.33 million. The Bay Area billionaire enclave’s cheapest home sale was $3.2 million this year, while its upper limit was set by a $51.5 million, 10,000-square-foot home, picked up by tech CEO Stephen Luczo.
3. Sagaponack, N.Y.: 11962
2025 Median Sale Price: $5,925,000
New York state’s most expensive zip code for the 10th consecutive year, Sagaponack’s 11962 held steady just below $6 million. While sales remained sluggish, the village continued to anchor New York’s most expensive coastal corridor, marking 10 years as the state’s most exclusive zip.
4. Newport Beach, Calif.: 92661
2025 Median Sale Price: $5,721,000
The lower half of the Balboa Peninsula climbed two spots to reach its highest position yet, thanks to a 20% year-over-year (Y-o-Y) gain. That pushed its pricing nearly $1 million higher than it was in 2024, marking the latest stage in a consistent upward trend visible across the city’s luxury coastline since 2019. And, as Newport Beach’s most expensive enclave, 92661 continued to secure the city’s growing dominance in the luxury market.
5. Water Mill, N.Y.: 11976
2025 Median Sale Price: $5,500,000
Although Water Mill’s median sale price slipped 6% Y-o-Y, it remained The Hamptons’ second-priciest community. Even with the dip, its prices are still well above pre-pandemic levels and have, in fact, more than doubled since 2016, thereby underscoring the enduring strength of the area’s ultra-luxury market.
6. Santa Barbara, Calif.: 93108
2025 Median Sale Price: $5,240,000
Montecito’s flagship zip edged up 4% to reach another record high with the median now a full $1 million higher than five years ago. This gradual strengthening made 93108 one of the most consistently expensive areas in coastal California throughout the last decade, buoyed by limited inventory and sustained demand.
7. Stinson Beach, Calif.: 94970
2025 Median Sale Price: $5,225,000
In one of this year’s biggest jumps, Marin County’s Stinson Beach surged 38% Y-o-Y (or nearly $1.5 million) to break into the top 10 for the second time, following its 2023 debut. What’s more, its record-setting median sale price was also the first time that the Bay Area community surpassed $5 million.
8. Newport Beach, Calif.: 92657
2025 Median Sale Price: $5,188,000
Newport Coast held its ground with a nearly 10% gain for a new record high, even as it slipped one rank. The master-planned community continues to attract high-end buyers seeking privacy, scale and coastal views — key factors in Newport’s sustained luxury surge and the 73% jump that this neighborhood has logged since 2020.
9. Los Altos, Calif.: 94022 & Newport Beach, Calif.: 92662
2025 Median Sale Price: $5,100,000
Los Altos reached a new pricing tier this year with its median exceeding $5 million for the first time. Moreover, 94022 is one of 15 Santa Clara County zip codes in the top 100, making this the country’s second-most-expensive county by a wide margin.
Similarly, Newport Beach’s 92662 on Balboa Island held steady with another year of growth after gaining nearly 10% to match Los Altos in median sale price. Together with 92661 and 92657, its presence cements Newport Beach as the only city in the country with three zips among the top 10. It’s worth noting here that Newport Beach contributed half of the 12 zip codes that rank Orange County as the country’s third-most-expensive county.
10. Rancho Santa Fe, Calif.: 92067
2025 Median Sale Price: $4,995,000
Rounding out this year’s top 10, Rancho Santa Fe recorded a 10% increase compared to 2024. The San Diego County enclave continues to attract top-tier buyers, coming in just $5,000 shy of a $5 million median sale price to hold onto its top-10 position for the fourth consecutive year.
For the full ranking of the 100 most expensive zip codes in 2025, go to the bottom of the page. For an even more detailed picture, explore last year’s top 100.
Greater LA Dominates with Newport Beach, LA & Beverly Hills While San Jose Leads Bay Area
Newport Beach, Calif. is now the country’s most expensive city, with its entire residential area falling within the 100 priciest zips. Of six residential zip codes all six rank among the top 100. Even the city’s least expensive area, 92660, posted a median sale price of about $3.1 million in 2025, underscoring how uniformly high-end the coastal enclave has become.
Beyond its overall dominance, Newport Beach also stands alone in hosting three of the country’s ten most expensive zips — 92661, 92657 and 92662 — each with medians above $5 million. The remaining three residential zips also landed comfortably within the top 100, confirming Newport Beach as the only U.S. city composed entirely of multi-million-dollar markets.
Los Angeles tied with Greenwich, Conn. as the country’s second-most expensive city, each contributing four zips to the top 100. For Greenwich, this marked its first time ranked among the country’s leading luxury markets by number of entries and, much like Newport Beach, every residential zip in Greenwich ranked among the country’s 100 most exclusive.
LA’s highest-ranking area was 90077, covering Bel Air, Bel Air Crest and parts of Beverly Glen and Holmby Hills. With a $3.55 million median sale price up 25% from last year, it reached its best position yet.
Still, LA’s presence has thinned since its 2020 peak of seven top-100 zips. The impact of early-2025 wildfires was visible in Pacific Palisades’ 90272, where the median dropped 20% year over year to $2.53 million. Rounding out the city’s showing was 90048, covering Beverly Grove, Carthay Circle and parts of the Fairfax District, at $2.12 million.
Greater Los Angeles now hosts three of the five most expensive U.S. cities: Newport Beach, Los Angeles and Beverly Hills. The latter’s best-known zip, 90210, led at roughly $4 million while 90211 and 90212 also remained above $2 million. In total, metro LA placed 29 zips among the 100 most expensive zips, with its strongest result yet and the closest it has come to matching the Bay Area’s historical lead.
San Jose remains the most inland city with multiple top-100 zips, reflecting its high incomes and limited supply. Its leader, 95129, reached a $2.59 million median sale price. Still, the Bay Area’s dominance continues to fade: 32 zips ranked in 2025, well below its 2019 record of 55.
The change is most visible in San Francisco itself, which now has only one top-100 zip. The Marina District and Cow Hollow’s 94123 shared the #74 position with Mountain View’s 94040, both at $2.35 million. For context, San Francisco ranked 13 zips nationally back in 2019, highlighting how the city’s luxury market has stagnated.
While NYC Retreats, New Jersey’s Top Zips Set New Records
On the opposite coast, New York remained the leading state for luxury housing but showed its weakest presence in a decade, contributing only 15 zips to the 100 priciest in the U.S. Of these, just three were in NYC — a record low — clustered around TriBeCa, SoHo, Noho, Little Italy, NoLiTa and Hudson Square. That’s a steep drop from 2019, when the city placed ten zips in the top 100.
TriBeCa’s 10013 led NYC again in 2025 with a $3.7 million median sale price. Although ranked #20 nationally, it was once the country’s runner-up at $4.1 million in 2017. Beyond city limits, Westchester County’s Rye barely stayed on the list at #92 with a $2.16 million median.
While NYC’s showing has thinned, the Hamptons held firm with nine Suffolk County zips, including two top-ten entries: #3 Sagaponack and #5 Water Mill.
Marking its 10th consecutive year among the country’s top enclaves, Alpine remained New Jersey’s most expensive zip for the ninth time in a decade, overtaken only once by recurring runner-up 07723 in Deal. Both set new records in 2025: Alpine rose 31% year-over-year to $4.35 million and Deal reached $3.55 million, up 20%.
Short Hills’ 07078 logged its seventh appearance with a record $2.42 million median, joined by newcomer 07711 in Allenhurst at $2.15 million. Of New Jersey’s leading zips, only two lay outside the New York metro area — 08202 in Avalon and 08247 in Stone Harbor, both in Cape May County.
Greenwich Ties with LA as Country’s #2 Most Expensive City, New Hampshire Overtakes Massachusetts’ Price Peak
Fairfield County’s record performance this year gave Connecticut the third-highest number of pricey zips, trailing only New York and California. Most notably, Greenwich contributed more top 100 zips (four) than NYC for the first time.
Leading the city, 06878 in Greenwich’s Riverside neighborhood ranked #43, its highest in a decade, with a $2.75 million median sale price. Next was 06870 in Old Greenwich at a record $2.65 million, up more than half a million year over year. Likewise, 06831 hit a new high at $2.54 million and 06830 reached $2.22 million.
Greenwich’s rise also lifted Fairfield County overall, which placed a record seven zips in the top 100. It had never been represented by more than four in any previous edition. Only Suffolk County in the Hamptons had a higher concentration of expensive zips in the New York metro area, with nine, including two top 10 entries.
Connecticut wasn’t the only standout in New England. For the first time, New Hampshire’s most expensive zip was pricier than Massachusetts’ leading one. New Castle’s 03854 reached a $2.65 million median sale price, surpassing Boston’s 02199 at $2.57 million. It was also a record high for New Castle, matching the $2.65 million state peak set by Rye Beach’s 03871 back in 2022.
After being absent last year due to slower sales, Boston’s 02199 in Back Bay continued to weaken. Its $2.57 million median and #54 national rank were far below the $5.5 million peak that made it the country’s second-most-expensive zip in 2021 — its lowest in a decade and the only Boston zip to rank this year.
Massachusetts’ next priciest was Nantucket’s 02554, down from last year’s $2.9 million to just under $2.5 million. Chilmark’s 02535 set a new high at $2.48 million, as did Weston’s 02493 at $2.4 million, while 02481 in Wellesley Hills stood at $2.25 million, just $50,000 short of a new record.
Florida’s #1 Most Expensive Zip Hits $9.5M, Maryland, Georgia & South Carolina Leaders Surpass $3M
Moving south along the eastern seaboard, Maryland was again represented by 21056 on exclusive Gibson Island. With a slight price drop from last year, the Chesapeake Bay enclave ranked #32 with a $3.15 million median sale price.
Farther south, South Carolina’s 29482 landed at #18 with a $3.95 million median. The zip covers Sullivan’s Island, an affluent community at the mouth of Charleston Harbor. Georgia followed at #15 with Sea Island’s 31561 at $4.2 million, a privately owned resort island and golfing enclave in the Golden Isles that now hosts the PGA Tour’s final event of the year.
Florida stole the spotlight, ending Atherton, Calif.’s eight-year run at the top. Miami Beach’s 33109 on Fisher Island became the country’s most expensive zip, reaching a record $9.5 million median after a 65% year-over-year surge driven by luxury condo sales. The priciest unit, a 6,800-square-foot three-bedroom, sold for $23.7 million, while the top single-family home sale, a 11,000-square-foot with six bedrooms, closing at $21 million.
Another Florida island community, Boca Grande’s 33921, also made the top 100. Covering the southern half of Gasparilla Island, it landed at #21 with a $3.49 million median and, like Sea Island, centers around a high-end golfing lifestyle.
Arizona & Nevada Zips Hit New Records, Medina Leads Washington at $4M+, Colorado & Hawaii Stay Under $3M
Refocusing on the western states, iconic 85253 in Paradise Valley, Ariz., marked its seventh consecutive year as the state’s most expensive zip code. Not only that, but an 8% Y-o-Y increase lifted the desert enclave to a new record $3.5 million median sale price. Moreover, at #23, it secured its highest ranking yet among the country’s most expensive communities.
Nearby, Nevada landed two zip codes among the country’s top 100 for the first time since 2021 with Glenbrook’s 89413 and Crystal Bay’s 89402. The two Lake Tahoe communities also reached new record prices with Glenbrook at $3.4 million and Crystal Bay at $2.7 million.
Meanwhile, Colorado was represented by two Pitkin County zip codes. Its priciest location was Aspen’s 81611 with a $2.8 million median sale price and 81654 in Snowmass with a $2.45 million median.
Farther north, 98039 in Medina and 98040 in Mercer Island led Washington’s high-end housing. A longtime favorite of tech executives, Medina ranked #16 with a $4.15 million median, its 10th consecutive year among the country’s priciest markets. Mercer Island followed at #78 with $2.31 million, its sixth appearance on the list.
Rounding out the top 100, Hawaii ranked #62 with Kilauea’s 96754, which covers north-central Kauai including Kīlauea, Kalihiwai, Anini Beach and Lepeuli. The island’s top zip posted a $2.5 million median sale price.
For the full list of 2025’s top 100 most expensive zip codes in the U.S., explore the interactive table below:
Make sure to explore 2024’s rankings, as well. You can also explore our annual reports on homeownership rates by state and property taxes by state.
Methodology
To determine the most expensive zip codes in the U.S. in 2025, we looked at registered residential transactions closed between January 1, 2025, and September 30, 2025, in disclosure states. Non-disclosure states (such as Montana, Texas, Utah and Wyoming) were excluded as no actual closed-sales data is available.
We took into account condo, co-op, and single- and two-family home sales, but excluded all multi-parcel deals. For an accurate representation, we only considered zip codes that registered a minimum of five residential transactions. Due to several price ties, 120 zips made it onto our list of the 100 most expensive zip codes in 2025.
Year-over-year comparisons were based on median sale prices determined for our 2024 top 100 most expensive zip codes report, which took into account condo, co-op, and single- and two-family home sales recorded between January 1, 2024, and September 30, 2024.
Median sale prices for both 2024 and 2025 were rounded to the nearest $1,000.
The Bay Area was defined as Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Sonoma and Solano counties; the Los Angeles metropolitan area was defined as Los Angeles County and Orange County. The 23-county New York metropolitan area was defined as New York City; Long Island; the Mid- and Lower Hudson Valleys; Central and Northern New Jersey; Western Connecticut; and Pike County, Penn.
In an effort to further contextualize and localize data, the methodology for assigning zip codes to locations now takes into account civic organization along with the previously exclusive USPS zip code assignations.
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