Santa Monica Ranked #3 Priciest Zip Code In The U.S.

SANTA MONICA, CA — Santa Monica has one of the priciest zip codes in the U.S., according to Property Shark's annual ranking of the 100 priciest zip codes in the U.S.

At a $3,750,000 median sale price, Santa Monica’s 90402 and Beverly Hills’ iconic 90210 tied for the title of #3 priciest zip code.

"Covering the exclusive Santa Monica neighborhood North of Montana and parts of Rustic Canyon, Santa Monica’s 90402 marked its second year as the third-priciest zip, despite coming in 10% below 2019 pricing levels," Property Shark said. "This price drop allowed Beverly Hills’ 90210 to equal Santa Monica’s median, as the former’s median sale price contracted at a milder 8%, thereby giving Beverly Hills its highest position since 2015."

California remains the most expensive housing market. Los Angeles County has the highest concentration of expensive zip codes, with 23 zip codes ranked.

Metro L.A., Bay Area & New York metropolitan area account for 103 of the most exclusive zip codes in the U.S. The city of Los Angeles had the third-highest number of expensive zip codes, ranking nationally at seven.

Check out 2019’s rankings here.

Methodology

To determine the most expensive zip codes in the U.S., we looked at residential transactions closed between January 1, 2020, and October 15, 2020, taking into account condos, co-ops, and single- and two-family homes. All package deals were excluded.

For an accurate representation, we considered only zip codes that registered a minimum of three residential transactions. Due to a number of ties, 121 zip codes made it onto our list of the 100 most expensive zip codes in 2020.

2019 and 2020 median sale price were rounded to the closest $1,000.

The Bay Area was defined as Alameda, Contra Costa, Marin, Napa, Santa Clara, San Francisco, San Mateo, Sonoma and Solano counties; the Los Angeles metropolitan area was defined as Los Angeles County and Orange County; and the 23-county New York metropolitan area was defined as NYC, Long Island, the Mid- and Lower Hudson Valley, Central and Northern New Jersey, Western Connecticut and Pike County, Pennsylvania.

U.S. Regions and Divisions were defined per U.S. Census Bureau designations.