Historically, New York is one of the most expensive zip codes in America. Although New York is still in the top 100 most expensive places to live, it has a significantly weakened presence than in the past.
According to Property Shark, New York State only represented 17 zip codes on the list, with a mere six in Manhattan.
Only two New York state zip codes secured a position in the top 20, presenting a stark contrast to past records. Surprisingly, none of these zip codes were in New York City proper, which is comprised of the five boroughs: Brooklyn, the Bronx, Manhattan, Queens, and Staten Island.
While the cost of New York City living is declining, Hamptons’ zip codes are just as expensive, if not more, than ever.
11962 in Sagaponack was ranked the #3 most expensive zip code in the U.S with the median sale price of $5 million, showing a 29% increase year after year.
Despite this, Boston’s Back Bay superseded the lavish Hamptons town, which ended Sagaponack’s three-year streak as the second priciest zip code in the country.
Following Sagaponack, is zip 11976 in Water Mill, another town Out East. Water Mill is ranked #13 on the list, with a $3,745,000 median sale price. 11976 is showing a very steep 51% increase year after year.
Simultaneously, 11923 in Bridgehampton dramatically dropped from #7 to #31, with an 11% year after year price decline. The town’s national median decreased to $2,9,63,000.
Other New York zip codes on the list are North Shore’s 11568 in Old Westbury which ranked #62, Westchester’s 10580 in Rye at #72, and 10577 #88 in Purchase.
10013, which includes parts of Tribeca, Soho, Little Italy, and Hudson Square, has a median sale price of $3,212,000 with a 7% increase year after year. However, it is still coming back from the 19% decrease in 2020.
Downtown Manhattan, Tribeca, and Soho’s 10017 had a similar median sale price of $3,125,000, yet placed 14 spots lower on the list of most expensive zip codes. 10017 was followed by Battery Park City’s 102828, which ranked #35 with a median sale price of $2,725,000.
Although Brooklyn broke into the top 100 in 2019, Red Hook’s and Caroll Gardens’ 11231, were knocked out of the top 100 this year.
All in all, no NYC zip codes were ranked among the 20 priciest in the U.S., with the state only represented by the Hamptons at the top of the ranking.