According to Forbes.com, property values in the small community of Fisher Island, FL rose by $525,000 over the last year, making 33109 the most expensive ZIP code in America with a median home sale of $3.85 million. It edges out even smaller Alpine, N.J., (07620), which tied for the top spot in last year's list. Prices in Alpine increased by $340,000 last year.
They're not alone. Most of the ZIP codes on our list saw strong price appreciation. Location is behind some climbs. There just aren't that many beach-front lots in Santa Monica, CA, (90402) or Nantucket, MA, (02554), and as long as there's money in tech, the Los Altos (94024) and Los Gatos (95030) hills above Silicon Valley are going to command top dollar. In a year when most conventional wisdom about real estate has been proved wrong, the well-worn notion that the luxury sector is resistant to national slowing has held.
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