Unsurprisingly, Los Angeles Ranked as the Second-Priciest Metro Area in 2023
By Zach Armstrong
Santa Monica locals typically pay multiple millions to raise families in, and enjoy, the beautiful community they call home. In fact, a new report shows how one particular zip code in the seaside neighborhood is rarely beaten by any other in the nation when it comes to home prices.
With a median home sale price of $4.49 million, the 90402 postal code of Santa Monica is the 8th priciest one in the U.S., according to a new report from real estate data site PropertyShark. The latest data is a modest 2% uptick from last year’s recorded median sale price. The zip code spans from 26th Street to Pacific Coast Highway, and from Montana Ave. to the border of Pacific Palisades.
Unsurprisingly, Los Angeles ranked as the second-priciest metro area in 2023, with Orange and Los Angeles counties accounting for 29 of the 100 most expensive zip codes.
The list calculated median sale prices based on closed home sales in 2023 until late October. Postal codes had to have at least three sales this year. Preceding the oceanside zip code are Atherton, Calif (94027), Sagaponack, N.Y. (11962), Miami Beach, Fla. (33109), Santa Barbara, Calif. (93108), Beverly Hills, Calif. (90210), Stinson Beach, Calif. (94970), Water Mill, N.Y. (11976) and Newport Beach, Calif. (92661).
Other L.A. zip codes marking their place on the data list are #18 – Pacific Palisades (90272), #30 – Malibu (90265), #33 – Manhattan Beach (90266) and #40 – Brentwood (90049).