Sports figures , CEOs and reality stars have all found their place in Newport Beach, a coastal city of pleasure-boat harbors, Fashion Island, golf clubs, sandy beaches and one of the largest wetlands in Southern California.
According to a recent study published by PropertyShark.com , the city boasts “an unprecedented three spots” among the top 10 priciest ZIP codes in the US housing market based on closed home sales from Jan. 1 to Sept. 30 and rounded up to the nearest $1,000.
The study, released Thursday, Oct. 10, examined the country’s 100 most expensive ZIP codes. It found that 67% of these ZIP codes—or 121 locations because of pricing ties—saw median sale price increases, compared with 29% in 2023. Consisting of other high-priced ZIP codes, Newport Beach reached new pricing and ranking heights.
The three Newport Beach ZIP codes were:
The lower half of Balboa Peninsula (92661) was the first ZIP code to break into the top 10 in 2022. It ranked No. 9 at the time with a median sales price of $4.29 million. In 2023, it rose to No. 7 with a $4.49 million median sale price and, more recently, hit No. 6 with a $4.76 million median sale price.
The master-planned Newport Coast (92657) ranked No. 14 in 2022 with a $3.93 million median sale price. It fell one short of the top 10 last year at a $4.18 million median sale price but shot up $545,000 to place No. 7 with a median sale price of $4.72 million in 2024.
At No. 8, Balboa Island (92662) surpassed the $4 million threshold in 2024 with a median sale price of $4.65 million. The 2023 study placed it 14th with a $3.9 million median sale price, $200.00 down from the previous year’s $4.1 million median sale price.
Newport Beach ranked behind California’s billionaire enclave in Atherton ($7.9 million median sale price), the Hamptons villages of Sagaponack ($5.95 million median sale price) and Water Mill ($5.885 million median sale price) in New York, Miami Beach’s ultra-luxury Fisher Island community ($5.75 million median sale price), and Santa Barbara’s unincorporated town of Montecito ($5.75 million median sale price).
Rancho Santa Fe ($4.55 million median sale price).and Santa Monica ($4.41 million median sale price) round out 2024’s top 10.
The Newport Beach community of Corona del Mar (92625) ranked No. 17 with a median sale price of $3.85 million. Of the 100 ZIP codes, Orange County had 11 entries, with California claiming 80 of the most expensive ZIP codes in the US
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