Despite the housing market showing signs of recovery, the past few years have been tough for potential homebuyers. Housing inventory reached all-time lows, while home prices soared, causing many to rethink or delay their homeownership dreams. Interestingly, TV shows like Selling Sunset and the popular trend of "Zillow surfing" (browsing through expensive listings without the intention to purchase) rose in popularity around the same time. Many millennials, myself included, have found ourselves captivated by luxury homes, imagining lives in extravagant layouts, even if the reality of affording even a modest home feels distant.
That’s when I got hooked on the list of the country’s most expensive neighborhoods. CashNetUSA used Zillow’s real estate data to pinpoint neighborhoods in towns and cities across all 50 U.S. states, summing up the house prices and calculating the average price per area. While the study highlights the priciest neighborhoods within each state, it also reveals the nationwide top 10 most expensive spots, which are mostly found in just four states. The list is dominated by a popular retirement state (you can likely guess which one), along with California and New York.
Whether you're hunting for an affordable home and need to know where to avoid, or you’re just indulging in the escapism of Zillow surfing, continue reading to discover more.
Priciest Neighborhoods in Every U.S. State
CashNetUSAWhen we think of expensive living, cities like Los Angeles and New York City often come to mind. However, the neighborhoods with the highest property prices don't always align with these major urban centers, as this data demonstrates. For instance, the most expensive area in New York is Southampton Village on Long Island. While the average price of the priciest neighborhoods across the U.S. is $5,249,542, the top neighborhood in America—Manalapan, Florida—far exceeds that, with an average house price of $39,761,000.
The Top 10 Most Expensive Neighborhoods in America
- Manalapan, Florida (Average house price: $39,761,000)
- Palm Island, Florida (Average house price: $27,624,833)
- Snowmass, Colorado (Average house price: $23,568,750)
- Beverly Hills Gateway, California (Average house price: $22,771,957)
- Port Royal, Florida (Average house price: $22,032,667)
- Golden Beach, Florida (Average house price: $18,659,412)
- Bel Air, California (Average house price: $18,581,775)
- Southampton Village, New York (Average house price: $16,719,714)
- Sagaponack, New York (Average house price: $16,016,944)
- Trousdale Estates, California (Average house price: $15,870,100)
Four of the ten priciest neighborhoods in America are located in Florida. California and New York also feature multiple entries, with Hollywood's elite owning properties in areas like Beverly Hills Gateway, Bel Air, and Trousdale Estates. Meanwhile, some of New York's wealthiest families, as well as the richest in the U.S., have vacation homes in Southampton Village and Sagaponack. Snowmass, Colorado, the third most expensive neighborhood, is one of the country’s top ski destinations, and as per CashNetUSA, the area has seen a housing surge in recent years, with sales doubling from 2019 to 2021.
For more insights into the most expensive neighborhoods across the country, explore the full report from CashNetUSA.
