New York is reportedly second solely to California on the subject of states with the most costly Zip Codes in residential actual property.
Nancy Wu, economist at StreetSimple and Zillow, says information exhibits the pandemic’s affect has exacerbated the dip in extra centralised sections of the New York property market.
She informed Newsweek: “The pandemic has exacerbated the four-year sales market slowdown among some of the most expensive Manhattan neighborhoods, with remote work encouraging New Yorkers to sell their Manhattan homes to live elsewhere.
“Even with the cooling of the market, one-third of the 20 costliest zip codes in the state are in Manhattan, which exhibits simply how expensive it truly is.”
She adds that while Manhattan is likely to remain the location of the most-pricey areas, another intriguing trend concerns a spike in demand for homes in the Hamptons.
“Many potential consumers are searching for more room to earn a living from home, a big yard for teenagers to play in, or extra room for entertaining,” she said.
“For the New Yorkers who can afford it, the Hamptons is among the high spots to purchase a house.”
Previous StreetEasy analysis revealed how most New Yorkers who left the city moved to other expensive counties, with Nassau and Westchester counties ranking first and second among the counties relocating New Yorkers move to in the tri-state area.
Below, Newsweek reveala the top 20 Zip Codes in New York State, according to the Zillow Home Value Index (ZHVI) measured in March 2021.
ZHVI reports the weighted average of Zillow’s estimate of home value for the middle third of homes in a given region.
Tracking this weighted average instead of a median is regarded as more representative of the full portfolio of homes, including homes at the top end of the market.
- 20. Southampton 11968
- 19. Manhasset 11030
- 18. Montauk 11954
- 17. Rye 10580
- 16. New York 10012
- 15. Mill Neck 11765
- 14. Great Neck 11024
- 13. Sag Harbor 11963
- 12. New York 10069
- 11. New York 10282
- 10. Old Westbury 11568
- 9. New York 10118
- 8. Quogue 11959
- 7. New York 10007
- 6. Wainscott 11975
- 5. New York 10013
- 4. Bridgehampton 11932
- 3. Amagansett 11930
- 2. Water Mill 11976
- 1. Sagaponack 11962
20. Southampton 11968
Southampton is a small and ultra-exclusive village in Suffolk County, New York, with nearby beaches known as an expensive summer destination.
19. Manhasset 11030
Manhasset actual property is also steadily ranked among the many costliest in America and boasts glorious colleges and gorgeous countryside.
18. Montauk 11954
Named after the Native American Montaukett tribe that lived on this land, Montauk is now one among America’s costliest summer season vacation spot, sitting on the east finish of Long Island’s peninsula.
17. Rye 10580
Rye is a small, coastal, suburban metropolis in Westchester County named in 2019 as the most effective place to reside in the entire of New York.
16. New York 10012
Zip Code 10012 is positioned in southeast New York encompassing a primarily residential unique neighborhood identified for its eclectic sensibility and bohemian spirit.
15. Mill Neck 11765
Mill Neck is a village in Nassau County, New York identified for its pure great thing about its expanses of land preserves, botanical gardens and arboretums.
14. Great Neck 11024
The Great Neck peninsula encompasses 9 villages dotted amongst greater than 20 parks overlooking two bays and Long Island Sound.
13. Sag Harbor 11963
Sag Harbor is a captivating and pleasant city filled with celeb residences and landmarks recognising its historical past as the primary port of entry to the brand new U.S.
12. New York 10069
New York’s glamorous Upper East Side is an ultra-exclusive residential neighborhood with upscale boutiques and restaurant scattered amongst luxurious townhouses and the chicest flats.
11. New York 10282
This Zip Code is dwelling to the vertiginous Tribeca Pointe residential constructing, thought of one of the crucial spectacular condominium rental buildings in Battery Park City.
10. Old Westbury 11568
Old Westbury is an especially rich village in Nassau County, located on the North Shore of Long Island, identified for its historic mansion and superb gardens.
9. New York 10118
This Zip Code is dwelling to the enduring Empire State Building, in addition to the historic Waldorf-Astoria lodge on 350 Fifth Avenue.
8. Quogue 11959
Quogue is considered a quiet family-oriented city to the acute west of the Hamptons, finest identified for its seaside and regular tempo of life.
7. New York 10007
The Zip Code encompasses areas of Tribeca, Downtown and Manhattan, as well-known for its celeb condos as its standing as New York’s new hub of wealth.
6. Wainscott 11975
Wainscott, a tiny Hamptons hamlet located on the East End of Long Island, boasts pristine Atlantic Ocean seashores and among the world’s most beautiful actual property.
5. New York 10013
This unique patch of southeast New York is probably finest identified for Broadway and the SoHo neighborhood, which is filled with designer boutiques, costly shops and high-end galleries.
4. Bridgehampton 11932
Bridgehampton lies in probably the most unique a part of the Hamptons and an space finest related to its world-renowned horse driving occasions.
3. Amagansett 11930
This unique hamlet, which derives its identify from the Montaukett identify for “place of good water”, was based in 1680.
2. Water Mill 11976
Known as the positioning of New York’s first watermill, this unique hamlet is vaunted for its prime actual property, views of the gorgeous Mecox Bay and its trendy Parrish up to date American artwork museum.
1. Sagaponack 11962
Within the Hamptons’ many prosperous cities, the tiny village of Sagaponack is the wealthiest Zip Code of all of them.
Celebrities and billionaire enterprise executives, together with actress Drew Barrymore, talk-show host Jimmy Fallon personal properties in this most unique and secluded village.