Miami Beach named wealthiest Zip Code, and Paradise Valley #23

The Phoenix Business Journal this week reported that PropertyShark — an online real estate database and research tool that provides data on properties for real estate professionals — has released its 10th edition of the annual 100 most expensive ZIP codes in the US report, ranking the country’s most expensive real estate based on closed-sale data.

Key Takeaways from the Report:

• Miami Beach’s Fisher Island (33109) became the country’s most expensive zip in 2025 with a $9.5 million median sale price, marking Florida’s first #1 finish.
• At $8.33M, Atherton, Calif. (94027) was the #2 priciest zip, ending its eight-year run as the country’s leading zip, followed by $5.93M Sagaponack, NY at #3
• Ten zips recorded medians above $5 million, twice as many as last year.
• California remained the dominant luxury market, representing 61% of the 100 priciest zips.
• Newport Beach was the most expensive city overall, with all six of its residential zips in the top 100
• Los Angeles tied with Greenwich, Conn. as the second-most expensive city, each contributing four zip codes
• The Bay Area retained the largest number of high-value zips with 32 in total, but continued to contract from its pre-pandemic peak.
• New York had one of its weakest showings in a decade with just 15 zips ranking and only three of those from NYC
• The Hamptons remained New York’s luxury anchor with nine Suffolk County zips in the top 100, including Sagaponack and Water Mill in the top 10.
• Connecticut contributed a record seven zips, surpassing Massachusetts for the first time
• Leading zips in New Jersey, Georgia and Washington surpass $4 million
• 15 states had zips among the 100 most expensive, most defined by coastal or island locations.

Paradise Valley Arizona's 85253 ZIP code ranks among nation's most expensive    

Paradise Valley is the only Arizona destination to make the list.·      

For the seventh consecutive year, 85253 is Arizona’s most expensive ZIP code. The Paradise Valley ZIP had an 8% year-over-year increase that elevated the desert enclave to a new record $3.5 million median sale price.·       In a separate study this year, 85253 ranked among the hottest housing markets in the nation, according to the Business Journals' first quarter analysis of nationwide markets based on a quarterly listing and sales data from Intercontinental Exchange.

• Previous Business Journal reporting has also given an early indication of the Valley's luxury market. In January it was reported that the 85253 ZIP had luxury sold prices jump 112% between 2019 and 2024 with continued momentum.  
• ·       This aligns with the Business Journal's 2025 Wealthy 1000 ZIP Codes report in September that ranked the ZIP code at No. 400. Per the study, the 85253 ZIP had the highest home value of $3,023,904 with 8,815 housing units.
• ·       To make the top 100, listings had to have a  minimum of $2 million median sale price, compared to five years ago, when fewer than 50 of the most exclusive ZIPs had reached that mark. Ten ZIP codes surpassed $5 million this year — all in California (7), New York (2) and Florida (1).
• ·       Paradise Valley’s 85253 ZIP code ranks No. 23 among the country’s most expensive communities,according to the October report from PropertyShark. 

Full PropertyShark report