UWS ZIP Code Has Biggest Jump In Home Prices In Entire Country

UPPER WEST SIDE, NY — No ZIP code in the United States saw a more significant increase in its median home sale price during 2020 than an area on the Upper West Side.

The staggering statistic was revealed in Property Shark's recently released study, "Most Expensive U.S. Zip Codes in 2020: Medians on the Rise in Country's 100 Priciest Zips."

The median home sale price rose in 78 of the country's 100 priciest ZIP codes in 2020, but none of them grew at a higher rate than the Upper West Side's 10069 ZIP code.

The study from the real estate data website found that the median sale price in the 10069 ZIP code rose 42 percent, or about $800,000 in 2020. The median sale price in the area now sits at $2,725,000, according to Property Shark.

The $2,725,000 median home sale price ranked 22nd most expensive in the United States, and the third priciest in New York City.

In the Big Apple, the Upper West Side ZIP code trailed only two ZIP codes in Tribeca.

The significant increase from $1,920,000 in 2019 to its current value of over $2.7 million in 2020 was fueled by luxury condo sales at a new development called Waterline Square at 675 West 59th Street, wrote Property Shark in the report.

The new Upper West Side luxury development was purchased in 2015 for an eye-catching $209,623,082, according to Property Shark.

The 10069 ZIP code is the smallest out of the four ZIP codes that make up the Upper West Side.

It is spans from West 59th Street to West 72nd Street on the west side of West End Avenue down through Riverside Park.

The area is most likely best known for a set of buildings known as the Trump Towers.

President Donald Trump bought the stretch of then abandoned rail yards near the Hudson River in 1985, and originally wanted to create a building complex called "Trump City," according to The New York Times.

That plan never fully came together, but six luxury apartment towers did go up between West 59th and 72nd Streets with the name "Trump" painted in gold onto the front.

After Trump was elected president in 2016, the tenants of those respective buildings decided to remove his name from all six of the buildings.

The ZIP code has also become newsworthy in recent weeks for having the highest coronavirus positivity rate on the Upper West Side, and at one point in all of Manhattan. However, the rate has dramatically fallen in the ZIP code over the past week, now sitting at 1.22 percent.

You can check out the full rankings of the 100 most expensive ZIP codes in the United States on Property Shark's website.