If most home “affordability” indexes confuse you, try this cost measurement for Los Angeles and Orange counties: the region is home to slightly more than one-fifth of the nation’s most expensive ZIP codes.
Of 130 ZIP codes nationwide where the median selling price for residences this year was $1.5 million or more — 29 of those communities were in the two Southern California counties, according to a study by PropertyClub. That’s 22% of this most-expensive housing ranking. As a comparison, L.A.-O.C. has roughly 4% of the nation’s population.
At the top of the ranking compiled from sales between March 13 and Sept. 7 was the Bay Area’s Atherton 94027 at $6.69 million; followed by Beverly Hills 90210 at $4.1 million; New York’s Sagaponack 11962 at $3.8 million; Washington’s Medina 98039 at $3.7 million; and Santa Monica 90402 at $3.63 million. Orange County’s highest spot was No. 14 where Newport Coast 92657 at $3.1 million.
It’s not surprising. Another house-cost index — a benchmark that mixes incomes and pricing from Attom Data Services — ranked Orange County as the nation’s second least-affordable among the nation’s 50 most-populated counties in the third quarter. L.A. County was No. 9.
To be fair, the region has plenty of wealth to help drive up prices — and some of the world’s most desirable geography and climate. Still, local housing’s affordability challenge is real.
The sky-high pricing is not just Southern California. The PropertyClub scorecard had California with 87 of the nation’s “most-expensive” ZIPs followed by 14 in New York; four each in Connecticut and Massachusetts; three in New Jersey; two each and Washington, Nevada and Florida. Seven other states had one apiece.
Here are the 26 other L.A.-O.C. ZIPs among the “most expensive” neighborhoods:
21. Pacific Palisades 90272 at $2.85 million
24. Newport Beach 92661 at $2.8 million
31. Beverly Hills 90212 at $2.64 million
32. Corona del Mar 92625 at $2.64 million
33. Manhattan Beach 90266 at $2.62 million
41. Los Angeles 90077 at $2.33 million
42. Los Angeles 90049 at $2.3 million
46. Newport Beach 92662 at $2.25 million
53. Laguna Beach 92651 at $2.125 million
59. Newport Beach 92660 at $1.95 million
59. Beverly Hills 90211 at $1.95 million
66. Palos Verdes Estates 90274 at $1.9 million
70. Venice 190291 at $1.88 million
71. Los Angeles 90048 at $1.875 million
72. La Canada Flintridge 91011 at $1.859 million
74. Hermosa Beach 90254 at $1.85 million
79. Encino 91436 at $1.82 million
87. Los Angeles 90036 at $1.75 million
97. Santa Monica 90405 at $1.69 million
99. Calabasas 91302 at $1.66 million
100. Los Angeles 90064 at $1.656 million
101. Newport Beach 92663 at $1.65 million
107. Los Angeles 90027 at $1.64 million
114. Culver City 90232 at $1.6 million
117. Santa Monica 90401 at $1.55 million
119. Los Angeles 90066 at $1.54 million
Source: Orange County Register
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