News

California, New York top most expensive ZIP codes

California, New York top most expensive ZIP codes

COSTLY CRIBS: Sailboats are seen docked at the San Francisco Yacht Club in Belvedere, California in this file photo taken April 15, 2012. The area is among the most expensive in the nation in terms of cost of living. Photo: Reuters/REUTERS/Stephen Lam/Files

NEW YORK (Reuters) – Northern California’s Silicon Valley boasts the two priciest ZIP codes in the United States with median home prices of more than $5.4 million, Forbes magazine said on Wednesday.

Atherton’s 94027 ZIP code topped the list with house prices hovering at $6.7 million, followed by 94022 in Los Altos Hills, where homes are slightly less at around $5.4 million.

New York claimed five of the top 10 spots on the list, including Manhattan’s Upper East Side at No. 3, which dropped from first place last year, and the Long Island beach town of Sagaponack at No. 5.

California had four of the top 10 spots.

The only other state with a ZIP code on the list was New Jersey, with the city of Alpine, which slipped from second place in 2012 to No. 8 this year.

Forbes attributed the technology boom and an influx of wealthy foreign buyers from China and India, as well as American billionaires, for the increasing popularity of Atherton, which jumped from third place last year.

Its most expensive home for sale is listed at $33 million. Its cheapest, a two-bedroom bungalow, has an asking price of $1.2 million.

Colorado ski resort Aspen just missed the top 10, coming in 11th, followed by Coral Gables in Florida. Miami was far behind at No. 30 and Greenwich, Connecticut, came in at 34.

Forbes compiled the list with Altos Research, a California real estate data firm, after calculating median home prices in 22,000 U.S. ZIP codes, which are postal districts. Co-ops, which are popular in some of New York’s most expensive neighbors, were not included.

Recent Headlines

in National, World

U.S says Russia violated nuclear treaty, urges immediate talks

Fresh
FOR USE AS DESIRED, YEAR END PHOTOS - FILE - President Barack Obama meets with Russian President Vladimir Putin in Enniskillen, Northern Ireland, Monday, June 17, 2013. Obama and Putin discussed the ongoing conflict in Syria during their bilateral meeting.

In another sign of deteriorating relations, the U.S. government claims that Moscow has violated the Cold War treaty.

in National, World

Civilians killed in eastern Ukraine amid fierce fighting

Fresh
Armed pro-Russian separatists stand guard on the suburbs of Shakhtarsk, Donetsk region on July 28, 2014.

Intense fighting between Ukrainian troops and pro-Russian rebels in eastern Ukraine kills at least 19 civilians.

in National

Toy drone disrupts aircraft fighting California wildfire

Fresh
Firefighters protect an evacuated home while the fast-moving wildfire called "Sand Fire" burns behind, near Plymouth, California on July 26, 2014.

Fire officials spotted a drone over the Sand Fire and immediately called police to have the toy grounded to avoid a possible mid-air collision.

in Sports

Judge gives go-ahead for $2 billion sale of NBA’s Clippers

Fresh
With her attorney Pierce O'Donnell, right, Shelly Sterling, center, talks to reporters after a judge ruled in her favor and against her estranged husband, Los Angeles Clippers owner Donald Sterling, in his attempt to block the $2 billion sale of the NBA basketball team, outside Los Angeles Superior Court, Monday, July 28, 2014.

Shelly Sterling can proceed with the record $2 billion sale of the Los Angeles Clippers despite her husband's objections, a judge ruled on Monday.

in National, World

Israel strikes house of Hamas Gaza leader

A Palestinian walks on the rubble of the house of the top Hamas leader in Gaza, Ismail Haniyeh, hit by a pre-dawn Israeli strike, in Gaza City, northern Gaza Strip, Tuesday, July 29, 2014. Early Tuesday, Israel warplanes struck a series of targets in Gaza City, including Haniyeh's house and government offices, while Gaza's border area with Israel was hit by heavy tank shelling.

Israel's military pounded targets in the Gaza Strip after Prime Minister Benjamin Netanyahu said his country should prepare for a long conflict in the Palestinian enclave.