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10 new analysis ZIP codes are more expensive in the US finds that California continues to be home to a significant portion of the nation’s luxury properties.
Economists in Realtor.com sought to find the 10 most expensive communities in the US by focusing on areas with at least 30 active listings in January to identify eligible ZIP codes. From there, they rank the markets by the number of average listings. Also, in cases where two markets were tied, the average square footage of the listed locations was used as the cutoff.
“Recent data analysis shows that entry into these 10 exclusives now starts at $5.5 million, putting these communities in a completely different category even in the broader luxury market,” said Realtor.com chief economist Anthony Smith.
That $5.5 million figure is five times the current limit of $1.2 million, though that’s the entry point for greater comfort. properties down from a peak of $5.9 million in July 2025. Only 12 percent of listings nationwide are worth more than $1 million, but Smith noted that the share is nearly 100% among the most expensive ZIP codes in the country.
Newport Beach, California, claimed the top spot on Realtor.com’s list of the most expensive ZIP codes. (Jeff Gritchen/MediaNews Group/Orange County Register via Getty Images/Getty Images)
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California earned six of the top 10 spots in Realtor.com’s analysis despite Malibu falling off the list to 11th place.
Smith noted that 2025 wildfires affected housing demand in that area, saying the area’s decline “reflects wildfire-driven changes, with many listings representing land value or rebuilding opportunities rather than luxury flipping properties.”
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Malibu, California, dropped out of the top 10 due to last year’s wildfires affecting the housing market. (Anne Cusack/Los Angeles Times via Getty Images/Getty Images)
Here’s a look at the 10 ZIP codes with the most expensive real estate based on Realtor.com’s analysis:
1. – Newport Coast, California (ZIP code 92657)
- $12.5 million is the median list price
- 5,552 square meters of space
2. – Fisher Island, In Florida (33109 ZIP Code)
- The median list price is $11.98 million
- 3,790 square feet of space
3. – Beverly Hills, California (90210 ZIP code)
- $10.495 million median list price
- 5,500 square meters average
Showing results for “Beverly Hills, Calif” (Stock)
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4. – Bridgehampton, New York (ZIP Code 11932)
- $8.8 million is the median list price
- 4,874 square feet of space
5. – Bel Air, California (90077 ZIP code)
- $7.947 million median list price
- 5,094 square feet of space
Two ZIP codes located in the Hamptons of New York cracked Realtor.com’s 10 most expensive list. (Getty Images)
6. – Water Mill, New York (ZIP code 11976)
- The median list price is $6.995 million
- 5,821 square meters of space
7. – Montecito-Santa Barbara, California (93108 ZIP code)
- $6.495 million median list price
- 3,611 square meters of space
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One ZIP code in Arizona made the top 10 list. (Stock)
8. – Rancho Santa Fe, California (92067 zip code)
- The median list price is $5.995 million
- 6,000 square feet average
9. – Newport Beach, California (ZIP code 92663)
- The median list price is $4.995 million
- 3,058 square meters of space
10. – Paradise Village, In Arizona (ZIP code 85253)
- List price is $5.5 million
- 5,784 square feet of space
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