Congratulations, Atherton. Your 94027 ZIP code is the most expensive in California.
Basically, that makes it ground zero for outlandishly expensive houses: $6,177,000 is the median value, according to a report in Time magazine.
Time says home values crashed in Atherton during the summer of 2009 when 94027’s median plunged below $3 million. But the recovery from those recession days is complete as the typical home now tops $6 million. “And just to add to those crazy financial figures,” Time says, “Atherton’s median household income is in excess of $250,000.”
The report lists the most expensive ZIP code in all but one of the 50 states; only South Dakota is left out because of a lack of data. Time explains that GOBankingRates evaluated median home value data from Zillow for hundreds of zip codes in all the other states as well as the District of Columbia.
Hopscotching across the nation, here are a bunch of the other top-dollar ZIP codes.
Alaska’s costliest ZIP code is 99516, which is in Anchorage and has a Zillow median home value of $446,000.
Swinging out to Hawaii, Honolulu’s 96821 leads the state with a $1,295,400 median.
In Oklahoma, you can live in the most expensive ZIP code — Piedmont’s 73078 — and still snag a home for around $196,900. That’s the median value.
But in neighboring Texas, the median value of a home in the most expensive ZIP code — University Park’s 75205 in the Dallas metro — is $1,343,800.
In Illinois, the costliest ZIP code is Kenilworth’s 60043: $1,350,000.
In Florida, $1,313,600 is the top median. That’s in 33921 in Boca Grande on Gasparilla Island.
Washington, D.C.’s costliest ZIP is 20015: $999,000.
Next door in Maryland, the priciest ZIP — Bethesda’s 20816 — is $905,700.
And New York State’s most impressive concentration of deep-pocket homeowners is in Water Mill, near East Hampton, way out on Long Island. The median price there, in ZIP code 11976, is $3,798,500, tops in the state.
Read the Time story here.
Photo: A home at 53 James Ave. in Atherton’s 94027 ZIP code. It’s on the market for $11,995,000. (Courtesy of Coldwell Banker)