We’ve all seen housing prices going up through the stratosphere these last few years. We keep hearing predictions that the housing bubble is about to burst, and meanwhile prices keep going up and up and up.
But even knowing all this, it’s still a shocker to look at this chart. It shows the five hundred most expensive zip codes in the U.S. It shows the town, county and state of each zip code and the median home price. OUCH!
You expect the obvious places to be on this list. The Hamptons, Beverly Hills, Grosse Pointe, yada yada yada. But there are some real shockers on this list too. It’s so weird to think of a town you haven’t been to in awhile — that you remember as a nondescript ordinary town, or just a wide spot in the road — and then find out that the median home price is over a million dollars. Whew! What’s going on??
New York, New Jersey and California have the most zip codes on this chart, but there are surprises everywhere. Goleta, CA: Beautiful scenery (it’s about ten miles north of Santa Barbara), and the University of California at Santa Barbara is just outside of town. I remember the town itself as being pretty nondescript — I haven’t been there in a long time — and now the median home price is $824,000. The town may have more than one zip code; the last time I saw it, it wasn’t big enough to need more than one.
When we left Sonoma County, CA a year and a half ago, it was already getting more crowded than Coney Island and ritzier and snootier than Beverly Hills. But still: three quaint bucolic little towns in Sonoma County — Occidental, Bodega Bay and Penngrove — all have median home prices over $800,000. Penngrove! If you’re old enough to remember the song “Spirit in the Sky” by Norman Greenbaum — he owned a chicken farm in Penngrove. As far as I know, he never left. Just a funky little downtown area with a few old buildings and a few residential streets — you could probably cover the entire “city limits” in just a short walk — and now the median home price is over $800,000.
Check out the list. You’ll probably be going “What the F%$#&#!!” just like I was.