The most expensive ZIP code in the US is no longer in Silicon Valley

Ira rennert sagaponack houseCully/EEFASIra Rennert’s $US248 million mansion in Sagaponack.

For the past two years, the most expensive ZIP code in the United States has been 94027, which belongs to Atherton, California.

The Silicon Valley community is home to tech executives like Microsoft cofounder Paul Allen, HP CEO Meg Whitman, and Google chairman Eric Schmidt.

According to US Census data, the median household income for the area’s residents is just short of a quarter of a million dollars annually — $US220,583.

But it’s not the most expensive place in the country to buy a house anymore.

That honour goes to ZIP code 11962 — Sagaponack, New York.

According to data from January 2014 to June 2015 compiled by the real-estate-listings site Property Shark, the median sale price for homes in Sagaponack was $US5,125,000.

By comparison, the median sale price in Atherton was $US5,050,000.

Set in the Hamptons, about two hours from New York City, Sagaponack is less of a draw for West Coast-based billionaires.

But it has its share of rich and famous residents.

Billy Joel and the Clinton family are known to summer there, and billionaire Ira Rennert built a $US248 million mansion with three swimming pools, a 100-car garage, and its own 164-seat theatre.

Compared to that, Sheryl Sandberg’s old house in Atherton, which sold for $US10 million last year, looks modest.

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