Forbes: Rye Among Nation's Most Expensive Zip Codes

In the ‘90s, the most famous zip code was “90210,” but in 2014 how about adding 10577?

That’s the zip code for Purchase, which Forbes magazine recently named one of the 500 Most Expensive Zip Codes in the United States.

The median home price in the village is just over $2.3 million, placing it in the 74th spot, tops among Westchester communities. Homes on the market in Purchase last an average of 185 days.

Purchase’s neighbor Harrison also made the list, at #239, with a median home price of $1.3 million. Homes are on the market an average of 136 days in the 10528.

In all, 10 Westchester County zip codes made the list, which Forbes compiled from data provided by real estate experts Altos Research in Mountain View, Calif. (see the methodology below):

#87 - Rye (10580), $2,115,954.08, 147 days on the market on average

#167 - Bedford (10506), $1,502,346.15, 211 days on the market

#272 - Waccabuc (10597), $1,243,423.08, 175 days on the market

#325 - Scarsdale (10583), $1,131,714.64, 125 days on the market

#388 - Bedford Hills (10507), $1,020,620.50, 197 days on the market

#396 - Pound Ridge (10576), $1,004,692.31, 193 days on the market

#437 - Chappaqua (10514), $964,421.93, 171 days on the market

#459 - Larchmont (10538), $935,651.49, 117 days on the market

From Forbes on its methodology:

Forbes’ annual list of America’s Most Expensive Zip Codes is based on data from Altos Research, a Mountain View, Calif.-based real estate analysis firm. For this ranking, Altos calculated the median home prices for more than 28,500 U.S. ZIP codes (covering 95% of the U.S. population) using asking prices for single-family homes and condominiums listed for sale. To account for any blips that might occur when an unusually high-priced property comes on the market, Altos used a rolling average for the 90-day period ending September 19. For each ZIP code, Altos weighted prices according to the mix of property types in that market. As a result, ski towns with a high preponderance of condominiums see their median price pushed down, even if single-family homes in these areas are priced very high. Also, co-ops were not included, which may have artificially depressed the median prices for ZIP codes within some of Manhattan’s toniest Central Park neighborhoods.

Photo: This beautiful modern home on Harrows Lane in Purchase is on the market for $1,550,000. Photo credit: Zillow.com