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Long Island Is Home To 10 Most Expensive Zipcodes

As mortgage rates reached 20-year highs and the economy began to falter, the overall U.S. housing market saw sales drop and price growth slow. Yet, among the 100 most expensive zip codes in the U.S., prices were on the upswing in even more locations this year than last, with 86 percent of zips experiencing increases.

That said, prices did grow at a slightly slower pace this year compared to 2021. More precisely, medians increased by 25 percent or more in just 16 zips in 2022 compared to last year’s 25. Overall, 2022 median price changes ranged between +39 and -41 percent. Last year has logged itself as another one for the records of the country’s top zip codes, with many reaching dizzying new pricing heights, despite the wider economic shifts. The Hamptons’ 11062 in Sagaponack is the second most expensive zip code in the U.S., posting a $5.75M median sale price.

Other key findings from the PropertyShark study:

• Nearing an $8 million median, the most expensive zip code in America is Atherton, CA 94027 for the sixth consecutive year.

• With nine zips in the top 100, the Hamptons outperformed NYC.

• Suffolk County’s 11930 in Amagansett recorded New York’s biggest gain, up 33 percent year-over-year.

• Only one Nassau County zip code ranks this year in the nation’s top 100—North Shore’s 11568 in Old Westbury with a $2.5 million median.

• New York state contributed with 17 zip codes to the country’s 100 most expensive zips.

• NYC climbed back to the top 20 with TriBeCa’s 10013 at #16.

• The least expensive homes in Long Island’s most expensive zips start at $425,000 in Montauk’s 11954 and $590,000 in Southampton’s 11968 despite median sale prices that exceed $5 million.

You can find the full report at www.propertyshark.com/

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—Written by Eliza Theiss, a senior writer in real estate trends for PrepertyShark.

Homes shown here represent closed sales, sold by a variety of agencies and are selected for their interest to readers by the Anton Media Group editor. Except where noted, data and photos are provided courtesy of Multiple Listing Service of Long Island, Inc. and Zillow.