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America's Most Expensive ZIP Codes 2010
September 28, 2010 - United States
Forbes has just released its annual ranking of the 100 most expensive zip codes in America.
Los Angeles has always been home to some of the world's most expensive real estate. But forget Beverly Hills, 90210: The new hot spot for multimillion-dollar mansions is Duarte, 91008.
Duarte, Calif., home to the 91008 ZIP code, is a small suburb northeast of downtown LA, near the Los Angeles national forest.
The median cost of a house in this tony town is a whopping $4,276,462, making it the most expensive housing market in the country.
It ranks No. 1 on Forbes' annual ranking of America's Most Expensive ZIP Codes.
A scant 1,391 people live in 91008 ZIP code, and only 12 homes are currently on the market. So a single high-priced listing is enough to skew the median price skyward.
The ascent of Duarte--for which the 91008 ZIP was created since 2000, to accommodate a growing population--shows that wealth is still drawn to big cities, even if their postbubble housing prices have dropped.
America's Top 10 Most Expensive ZIP Codes
No. 1: 91008 - Duarte/Bradbury, Calif.
Median Home Price: $4,276,462
No. 2: 94027 - Atherton, Calif.
Median Home Price: $4,010,200
No. 3: 90274 - Rolling Hills, Calif.
Median Home Price: $3,892,456
No. 4: 07620 - Alpine, N.J.
Median Home Price: $3,814,885
No. 5: 10014 - New York, N.Y.
Median Home Price: $3,785,445
No. 6: 90210 - Beverly Hills, Calif.
Median Home Price: $3,684,150
No. 7: 10065 - New York, N.Y.
Median HomePrice: $3,626,001
No. 8: 94920 Belvedere/Tiburon, Calif.
Median Home Price: $3,283,269
No. 9: 10012 - New York, N.Y.
Median Home Price: $3,221,371
No. 10: 93108 - Santa Barbara/Montecito, Calif.
Median Home Price: $3,151,220
Click here to see the full list of America's Most Expensive ZIP Codes
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