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North of Montana Third Wealthiest Zip Code in Nation

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By Jorge Casuso

June 1, 2021 -- Santa Monica's North of Montana Neighborhood was the third most expensive zip code in the U.S. last year, tied with Beverly Hills, according to the annual ranking by Property Shark.

The beach city's 90402 zip code -- which covers the exclusive North of Montana area and parts of Rustic Canyon -- and Beverly Hills’ iconic 90210 were tied with a median sales price of $3.75 million, according to the property website.

The two Westside zip codes were topped by Atherton's 94027 in San Mateo County -- home to Silicon Valley's tech billionaires -- which held the top ranking for the fourth straight year with a median sales price of $7 million.

And by 11962 in Sagaponack, a village in the town of Southampton in Suffolk County, New York, where the median listing price was $3.875 million.

It is the second year in a row that Santa Monica's 90402 is ranked as the third-priciest zip in the nation, although the median price was 10 percent below 2019's pricing levels, according to Property Shark.

The price drop allowed Beverly Hills’ 90210 to equal Santa Monica’s median, as its median sale price "contracted at a milder 8 percent," giving Beverly Hills its highest ranking since 2015," the website found.

Santa Monica's price slide bucked a trend that saw prices rise in 78 of the country's 100 priciest zip codes, "flipping the mostly downsliding trend of 2019."

California dominated the rankings with 87 entries among the top 100, according to the report.

San Francisco had the highest concentration of the priciest zip codes with 11, while the Bay area claimed 50.

Los Angeles County had 23 of the most expensive zip codes, the highest concentration at the county level in the nation.

Overall, the country’s top 100 most expensive zip codes were located in 11 states.

Zip code 98039 in Media, Washington -- which ranked ninth with a median sales price of $3.225 million -- was the only city outside of New York and California to rank in the top 20.

Miami Beach's 33109 zip code tied for 23rd with a median price of $2.7 million, while Glenbrook, Nevada's 89413 zip code raked 45th.

Property Shark based its rankings on residential transactions closed between January 1 and October 15, 2020 and took into account condos, co-ops, and single- and two-family homes.

The study only considered zip codes that registered a minimum of three residential transactions. Due to a number of ties, 121 zip codes made it onto the list.

Atherton's top ranking was "fueled by Silicon Valley’s economic influence," according to the website.

"The entire area has been characterized by sky-high prices for decades, while simultaneously becoming a housing mecca for the super-rich -- including half of the world’s tech billionaires, many of whom own homes in Atherton."

Malibu's 90265 zip code tied for 27th -- along with Palo Alto and Manhattan Beach -- with a median listing price of $2.5 million.

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