The Cheapest House In… series is so popular, what could be more appropriate than bringing back another one? That other perennial Burbed series, Most Expensive Zip Codes: RBA Edition! Well, what indeed, other than some of the commenters saying they hated it? But that’s okay. That was just one or two hot-heads. We know all the rest of you can’t wait to find out when San Jose makes an appearance on that list!
If you missed the previous entries in the ZIP code series, feel free to check them out. The 500 most expensive zips were chosen by Forbes magazine, working with Altos Research’s data. All the mistakes were entirely Forbes’, of course. We just take credit for finding them.
And now, Burbed proudly presents (okay, not so proudly, we did get some Debbie Downers who moaned about this) The Most Expensive Zip Codes in the RBA: The Six Digit Edition.
#201 – 94506 Danville
- Median Home Price: $1,072,360
- Median Price Change: NA
- Average Days On Market: 96
- Inventory: 84 properties
- Median Household Income: $142,459
- Ignored Because: In East Bay, plus Forbes can’t figure out where Danville actually is. Remember that expensive Danville zip here at #59? That was actually Pleasanton.
#202 – 93924 Carmel Valley
- Median Home Price: $1,064,710
- Median Price Change: 9%
- Average Days On Market: 206
- Inventory: 101 properties
- Median Household Income: $71,053
- Ignored Because: Another gazillion square mile zip full of nothing.
#211 – 95014 Cupertino
- Median Home Price: $1,042,581
- Median Price Change: -4%
- Average Days On Market: 69
- Inventory: 155 properties
- Median Household Income: $100,020
- Finally,, a place we can call home; home to Apple, home to Hewlett-Packard – oops, not any more! But it is home to the world-famous Cupertino Union School District, where parents raised two million dollars to keep teachers from losing their jobs another year. So if you move in, you know you’ll be hit up for even more next year!
The median price is still over a million, but not for long! At least it has an eight in it.
#212 – 94010 Burlingame
- Median Home Price: $1,035,952
- Median Price Change: -25%
- Average Days On Market: 88
- Inventory: 122 properties
- Median Household Income: $82,188
Conveniently located at the nexus of US 101 and SFO, Burlingame has many advantages which I’ll leave to the imagination. Just as Los Altos Hills has Los Altos pulling down the averages, Hillsborough will always have Burlingame. And why not, when they share the same ZIP code? And in an amazing coincidence, they also share the same median income.
Anyone who thinks the typical Hillsborough household income is $82K when the houses sell for $2.9 million, raise your polo mallet.
#220 – 94115 San Francisco
- Median Home Price: $1,018,459
- Median Price Change: -21%
- Average Days On Market: 93
- Inventory: 99 properties
- Median Household Income: $54,879
You ever see that movie, Pacific Heights, where the psycho tenant tries to drive the yuppie landlords out of their house? This is where it supposedly took place. (It actually took place at Texas and 19th Street, in Potrero Hill, but then the house wouldn’t have sold for $750,000 in the late eighties.)
Pacific Heights: median home price, a million. Median income, fifty thou. Why was anyone surprised when an angry renter happened? Disclaimer: I have actually lived in this zip code. As a renter.
#227 – 94939 Larkspur
- Median Home Price: $1,004,396
- Median Price Change: -26%
- Average Days On Market: 95
- Inventory: 36 properties
- Median Household Income: $75,747
- Ignored Because: Location, location, location! Right next to San Quentin.
#236 – 94402 San Mateo
- Median Home Price: $982,903
- Median Price Change: -10%
- Average Days On Market: 103
- Inventory: 103 properties
- Median Household Income: $82,796
Whoa, look at that map! This zip is cut into three different pieces! Well seriously, if San Mateo gets to pick and choose separate parts that go to one zip, of course they can optimize it to get a couple of their zips onto the Top 500. Place your bets which one we’ll see next, and when!
For this, 94402 is nominated for the Jerry Mander Prize for noncontiguousity. But it’s still San Mateo so nobody is impressed. Just the fact that we’re now under a million for the median home price tells us we’re not in Atherton anymore.
#238 – 94118 San Francisco
- Median Home Price: $976,434
- Median Price Change: -8%
- Average Days On Market: 71
- Inventory: 86 properties
- Median Household Income: $61,609
This zip contains Inner Richmond and Laurel Village, along with the nice places along the Presidio near Lake Street. What’s surprising is how close the numbers are to Pacific Heights’ zip code. Then again, zip codes were designed for postal workers, not real estate agents.
Then again, it includes 19th Avenue, and any house near there could be described as A Thoroughfare Runs Through It.
#241 – 94127 San Francisco
- Median Home Price: $969,776
- Median Price Change: -8%
- Average Days On Market: 103
- Inventory: 50 properties
- Median Household Income: $95,313
Remember what I was saying earlier about Portrero Hill? Well, this isn’t it. This is Mount Davidson, highest point in San Francisco (928 feet). The neighborhood southwest of Mount Davidson is called Sherwood Forest. Now all we need is a Robin Hood to steal from the people who live here (check out the median income).
This is also the site of the park scene with the cross in Dirty Harry, where Harry confronts serial killer Scorpio.
#245 – 95120 San Jose
- Median Home Price: $965,271
- Median Price Change: -2%
- Average Days On Market: 86
- Inventory: 176 properties
- Median Household Income: $120,117
San Jose? No way.
Way, even San Jose finally cracks the list of Most Expensive Zip Codes, although #245 doesn’t exactly serve up bragging rights. This part of town is on a hill like San Francisco above, but if you can name a movie shot at Calero Reservoir as notable as Dirty Harry (heck, our Governator said that movie influenced his acting career), go for it in the comments.
#250 – 95033 Los Gatos
- Median Home Price: $940,654
- Median Price Change: 7%
- Average Days On Market: 172
- Inventory: 98 properties
- Median Household Income: $106,675
Los Gatos’ third zip code squeaks under the wire at number 250, joining more chichi 95030 (#38) and 95032 (#199) in the list of Most Expensive Zip Codes in the United States.
This from the zip that provided the Cheapest House in Los Gatos earlier this week. But it’s also got its tail cut off! Did Mean old 95030 bite it when they were duking it out over Monte Sereno?
Next Installment: You’ll be on the edge of your seat wondering if Sunnyvale makes the next cut! Only on Burbed!!!!