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Hamptons Dominate State Rankings For Most Expensive Zip Codes

Although NYC has traditionally ranked more zip codes than the Hamptons and the North Shore combined, COVID-19 flipped that dynamic. Consequently, Hamptons zips outnumbered those from NYC nine to six in 2022, while Long Island’s North Shore was represented by 11568 in Old Westbury. Additionally, Westchester County’s 10580 in Rye brought New York state’s total to 17 entries of the country’s 100 most expensive zip codes.

While Rye has been a constant presence since 2017, its position has steadily declined, ranking #88 this year as increases in other pricey enclaves have outpaced it. The exclusive community posted a median sale price of just $1,873,00 this year. Similarly, Nassau County was on the decline, as well, ranking only one zip this year — far from the record four that it contributed in 2017.

Turning south, Suffolk County was represented by a record nine zip codes this year, with medians ranging between $1,865,000 and $5.75 million. It’s worth noting here that all nine communities have ranked multiple times in previous years.

366 & 376 Gin Lane, Southampton. $150,000,000 – Presented by Geoff Gifkins of Nest Seekers

In particular, the #2 priciest zip code nationwide yet again — Sagaponack’s 11692 and its record $5.75 million median — was followed by Water Mill’s 11976 at $3,699,000; Amagansett’s 11930 at $3,525,000; and Bridgehampton’s 11932 at $3.3 million, all of which landed in the top 25.

142 Crestview Lane, Sagaponack. $24,500,000 – IN CONTRACT – Presented by Gary DePersia of Corcoran

In NYC, however, COVID’s effect on real estate can still be felt: In 2022, the city contributed six zips to the top 100 and reinforced the shifting dynamics when compared to the 10 zips it ranked in 2019. On the positive side, the city did manage to return to the top 20 with 10013 at #16. Including parts of TriBeCa, SoHo, Little Italy and Hudson Square, the exclusive zip’s median climbed 18% Y-o-Y to reach $3,795,000.

30 & 34 Cobb Isle Road, Water Mill. $43,000,000 – Presented by Enzo Morabito of Douglas
Photos: Courtesy of Roger Ferris + Partners LLC

However, neighboring 10007 — which covers Downtown Manhattan, TriBeCa and SoHo — slid 12 positions after its median sale price contracted to $2,775,000. In fact, even Battery Park City’s 10282 outpaced it with its $3.13 million median. And, despite a 10% increase, the Greenwich Village, SoHo and Nolita zip of 10012 dropped further in the rankings It landed at #71 with a median of $2,125,000 — a far cry from its highest position at #26 in 2018, which it secured with $2,378,000.

Click here for full article from Property Shark