The major housing growth that the nation professional around the past 5 yrs, in particular from the third quarter of 2001 as a result of the third quarter of 2006, has not only perked the over-all housing price ranges in the nation, but also produced a substantial rise in the price ranges of America’s richest Zip codes.
The Standard & Poor’s Case-Shiller Home Selling price Index registered a 5 calendar year raise of 63.seven % in residence price ranges, for the nation in totality, in accordance to Fiserv Lending Solutions, that provides information and application to loan companies. In the meantime, the Zip codes that had a median profits rate of $750,000 and extra, showed an raise of seventy nine.five %.
Enable us get a appear at the housing price ranges in the richest Zip codes of America and the modifications that have occurred around time. Provided below are the prime ten richest Zip codes in the U.S. where median property price ranges rose to the finest extent considering the fact that 2001. The median property values showcased in the prime 10 are detailed from the 2nd quarter of 2006. The proportion of appreciation is based on a comparison of one-spouse and children residence price ranges around the past five yrs – that is, involving the 3rd quarter of 2001 and the 3rd quarter of 2006.
one. Greenwich, Connecticut: Zip code 06831, Median Selling price (2006:Q2): $2,983,000, 5 calendar year value price: forty nine.3 %. Bridgeport-Stamford-Norwalk metro location.
2. Newport Beach, California: Zip code 92661, Median Selling price: $2,500,000, 5 calendar year value price: 132.2 %. Santa Ana-Anaheim-Irvine metro location.
3. Paradise Valley, Arizona: Zip code 85253, Median Selling price: $one,850,000, 5 calendar year value price: 100.four %. Phoenix-Mesa-Scottsdale metro location.
four. Avalon, New Jersey: Zip code 08202, Median Selling price: $one,687,500, 5 calendar year value price: a hundred twenty five.seven %. Ocean City metro location.
five. Cambridge, Massachusetts: Zip code 02138, Median Selling price: $one,395,500, 5 calendar year value price: 22.four %. Cambridge-Newton-Framingham metro location.
six. Glen Head, New York: Zip code 11545, Median Selling price: $one,150,000, 5 calendar year value price: 67.2 %. Nassau-Suffolk metro location.
seven. Islamorada, Florida: Zip code 33036: Median Selling price: $one,150,000, 5 calendar year value price: 204.3 %. Vital West-Marathon metro location.
8. Chevy Chase, Maryland: Zip code 20815, Median Selling price: $one,043,000, 5 calendar year value price: ninety four.8 %. Bethesda-Gaithersburg-Frederick metro location.
nine. Hinsdale, Illinois: Zip code 60521, Median Selling price: $950,000, 5 calendar year value price: forty eight.four %. Chicago-Naperville-Joliet metro location.
ten. Bellevue, Washington: Zip code 98004, Median Selling price: $950,000, 5 calendar year value price: 83.nine %. Seattle-Bellevue-Everett metro location.
Supply: BusinessWeek On the web, Peter Coy and Maya Roney (04/02/07)