Some things don’t change. Talk about expensive property to New Jerseyans and they’ll immediately home in on the property taxes that go along with it.
Take the annual ranking of the 100 most expensive zip codes in the United States, as compiled by PropertyShark, the real estate blog, which has just released this year’s list, based on closed sales in residential properties. And just imagine the property taxes!
Not much has changed since last year’s list. Once again, locations in California dominate, with 30 in Silicon Valley alone. Once again, the same two New Jersey zip codes make it into the list, albeit in different spots from 2017. Last year, Alpine (07620) in Bergen County was at Number 50; this year it comes in at Number 33. Its median home sale price in 2017 was $1,775,000; this year, $2,200,000. Last year, Short Hills (07078) in Essex County was in 93rd place, with a median home sale price of $1,422,500; this year it rounds out the list in 100th place (median home sale price, $1,436,250).
California dominates the rankings, as usual (82 entries); New York has 19, Massachusetts six and Connecticut four. There’s one each in Florida, Maryland, Nevada and Washington State. (Some of the slots are shared by several zip codes.)