The 20 most expensive zip codes in America

SagaponackGetty Images / Matthew EismanSagaponack, New York is the most expensive zip code in the USA.

The most expensive zip code in America isn’t in Silicon Valley.

It’s Sagaponack, New York, the summer destination of Billy Joel and the Clinton family, among others.

Over the past year, homes in the area, part of the Hamptons, sold for a median price of over $US5 million.

The list of most expensive zip codes was compiled by the data team at real estate listings site Property Shark, which calculated the median sale price for each zip code based on closed sales that took place between January 2014 and June 2015.

They found that the most expensive places to buy a house are on either coast, with New York, Florida, and California dominating the list.

Here’s what the most exclusive communities in the country look like.

All median sale price data was provided by Property Shark. Median household income comes from the US Census Bureau.

19. Pacific Palisades, California (90272)

A view from the hills of Pacific Palisades.

Pacific Palisades is part of the city of Los Angeles, so it's no surprise that plenty of celebrities choose to call it home. You might find that Rihanna or NBA superstar Blake Griffin is your neighbour.

Median sale price: $US2,240,000

Median household income: $US

16. Water Mill, New York (11976)

Water Mill's historic windmill greets visitors entering the town.

This Hamptons community is known for quiet and relaxation -- not a wild party scene. If you can afford it, you'll have your pick of incredible houses, like this $US38 million compound belonging to the late hedge fund tycoon Jack Nash.

Median sale price: $US2,337,500

Median household income: $US

12. Santa Barbara, California (93108)

Santa Barbara's mild climate makes it appealing year-round.

Santa Barbara isn't just one of the hardest places to buy a home -- it also ranks in the top 10 most expensive cities to rent an apartment. With a mild year-round climate, mountains, and the beach, it's no surprise that it's become a desirable place for wealthy people to live.

Median sale price: $US2,400,000

Median household income: $US

9. Miami Beach, Florida (33109)

High-rise apartment complexes in Miami Beach.

From contemporary art to the opportunity to live in Al Capone's former mansion, Miami Beach has a lot to offer affluent property owners. And, of course, there are the world-famous beaches.

Median sale price: $US2,650,000

Median household income: $US166,976

7. New York, New York (10007)

Lower Manhattan's financial district has some of the city's most expensive real estate.

Just slightly behind is zip code 10007, in lower Manhattan around the World Trade Center site. From there, it's just a short walk to Wall Street, which explains the area's appeal to high-paid traders.

Median sale price: $US2,763,711

Median household income: $US112,947

6. New York, New York (10013)

Owning a Tribeca loft signifies that you've 'made it' in New York.

Zip code 10013 incorporates three neighbourhoods in lower Manhattan: Tribeca, Hudson Square, and part of Soho. In addition to views of the Hudson River, perks include having Beyonce and Jay-Z as neighbours.

Median sale price: $US2,800,000

Median household income: $US83,725

5. Palo Alto, California (94301)

Palo Alto is at the center of the tech boom.

Home prices in Palo Alto have doubled over the last decade, thanks to the infusion of tech industry cash in the area. Mark Zuckerberg owns not just one, but five houses in the Silicon Valley town -- in 2013, he bought four of his neighbour's properties in order to preserve his privacy at home.

Median sale price: $US2,827,500

Median household income: $US122,473

2. Atherton, California (94027)

A mansion in Atherton.

Atherton is the most expensive zip code within Silicon Valley, and known as the home base of numerous tech executives. Notable residents include Microsoft cofounder Paul Allen, HP CEO Meg Whitman, and Google chairman Eric Schmidt.

Median sale price: $US5,050,000

Median household income: $US220,583

1. Sagaponack, New York (11962)

Ida Rennert's sprawling Sagaponack mansion.

Beating out some of the most prestigious communities in the country, Sagaponack tops the list of most expensive zip codes in the United States. The Hamptons destination is home to jaw-dropping properties like billionaire Ida Rennert's $US248 million mansion, which has 12 chimneys, a two-lane bowling alley, and a 100-car garage.

Median sale price: $US5,125,000

Median household income: $US106,250

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at