The Golden State is known for its high house prices, and Los Angeles County is no exception. With 21 of its zip codes on the list, it remains the most expensive county in the state. But it was surpassed by Bay Area Santa Clara and San Mateo counties, which contributed 10 zip codes to the list. These two counties form a nearly contiguous supergroup of ultra-expensive zip codes that cover high-profile technology hubs such as Menlo Park, Mountain View, Palo Alto, San Jose and Sunnyvale.
PropertyShark's report takes into account condominiums, co-ops, single-family and two-family homes to determine the most expensive zip codes in the US. The shortage of homes for sale in California, low mortgage rates during the pandemic, and increased demand for the state's highest incomes earlier this year are what drove the state's median home price above that threshold in the spring. At the end of summer, home prices continued to rise little by little, albeit at a much slower pace. Inflation, driven by an economy hurt by the pandemic, has also raised home prices.
Manhattan Beach is one of the most expensive places to live in California and consistently ranks among the most expensive zip codes in the United States.