Median home sale price in 2022:5. Newport Beach, California Median home sale price in 2022:8. Newport Beach, California Median home sale price in 2022:While seven New York ZIP codes dominate the rankings, Los Angeles has a comparable number of expensive neighborhoods, including Santa Monica and the Pacific Palisades, which rank 12th and 14th, respectively.
For the analysis, RealtyHop examined the greater five-county metropolitan area surrounding Los Angeles. The greater New York area includes nearby New Jersey counties and Long Island.New York City ranked first overall for the number of residents who are millionaires , and Los Angeles ranked sixth, according to a recent study. That study didn't include Long Island, however, which includes even more wealthy residents that live in the Hamptons.
To compile the rankings, RealtyHop looked at prices for all types of homes in all ZIP codes in the U.S. between Jan. 1, 2022, and Oct. 19, 2022. Listings with invalid ZIP codes, including single-building ZIP codes, were excluded.
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