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The Wealthiest Neighborhoods in America: A Closer Look

A recent study by analyzed the wealthiest neighborhoods in all 50 states and Washington, D.C., revealing a massive gap between states in terms of how much you’ll have to pay for luxury homes in the most expensive neighborhoods. The median home list price in the country’s 10 wealthiest neighborhoods is $5.69 million, with prices ranging from a low of $4.175 million to a high of $8.625 million. In contrast, the median home list price in the 10 states with the least expensive wealthy neighborhoods was $604,500, with prices ranging from a low of $439,990 to a high of $770,000.

Top 10 States with the Wealthiest Neighborhoods

  1. Los Angeles, California (ZIP code 90077): Median list price $8,625,000
  2. Water Mill, New York (ZIP code 11976): $7,995,000
  3. Wilson, Wyoming (ZIP code 83014): $6,960,000
  4. Boston, Massachusetts (ZIP code 02108): $5,687,500
  5. Mountain Village, Colorado (ZIP code 81435): $5,525,000
  6. Paradise Valley, Arizona (ZIP code 85253): $4,856,250
  7. Greenwich, Connecticut (ZIP code 06831): $4,511,250
  8. Stone Harbor, New Jersey (ZIP code 08247): $4,387,250
  9. Ketchum, Idaho (ZIP code 83340): $4,185,000
  10. Coral Gables, Florida (ZIP code 33156): $4,175,000

Hawaii, known for its pricey real estate, is home to the 11th most expensive neighborhood (ZIP code 96754 in Kilauea) with a median list price of $4,112,500.

Top 5 States with the Least Expensive Wealthy Neighborhoods

  • North Dakota (Fargo, ZIP code 58104): $439,900
  • Mississippi (Madison, ZIP code 38110): $525,000
  • Iowa (Clive, ZIP code 50325): $575,482
  • West Virginia (Shepherdstown, ZIP code 25443): $612,500
  • Louisiana (New Orleans, ZIP code 70124): $618,000

Many of the priciest neighborhoods are located in upscale vacation destinations popular with the uber-wealthy, explaining why otherwise affordable states like Idaho and Wyoming are also home to some of the nation’s most expensive neighborhoods. If you’re in the market for a luxury home, it’s essential to consider the location and the relative value of your investment. For more information on the wealthiest neighborhoods in America, check out the full article on GOBankingRates.

Orginal article: Link To Article – provided by Kansas City Realtors