100 most expensive ZIP codes

Some Housing Markets Still Thriving

Prices are holding up nicely in the ZIP codes of the rich and famous.

Forbes magazine examined the top 100 most expensive ZIP codes in the United States and concluded that most saw strong price appreciation in the last 12 months.

Here are the top-10 most expensive ZIP Codes and the median home sales prices:

Fisher Island, Fla., Miami-Dade County, 33109. Median sales price: $3.85 million
Alpine, N.J. Bergen County, 07620, $3.59 million
Mill Neck, N.Y. Nassau County, 11765, $3 million
Newport Coast, Calif., Orange County, 92657, $2.8 million
Water Mill, NY, Suffolk County, 11976, $2.72 million
Atherton, Calif., San Mateo County, 94027, $2.7 million
Santa Barbara, Calif., Santa Barbara County, 93108, $2.7 million
Wainscott, N.Y., Suffolk County, 11975, $2.56 million
Rancho Sante Fe, Calif., San Diego County, 92067, $2.47 million
Beverly Hills, Calif. Los Angeles County, 90210, $2.41 million

10 Cities Where Jobs, Home Prices Are Growing

To determine where home prices are expected to rise most in the next couple of years, Forbes.com looked at projections for housing starts from the National Association of Home Builders and job-growth projections from Moody’s Economy.com.

Forbes identified cities that are likely to be vibrant markets because jobs are increasing and the housing market wasn’t overbuilt during the boom.

"The logic is pretty straightforward," says Mark Zandi, chief economist at Moody's Economy.com. "People will spend as much on housing as their income will allow them. House prices are very closely tied to household income over the long run when you look at business cycles."

According to Forbes, these are the 10 cities where home prices are most likely to rise:
Albuquerque, N.M.
Charlotte, N.C.
San Antonio, Texas
Portland, Ore.
Austin, Texas
Salt Lake City, Utah
Colorado Springs, Colo.
Minneapolis
Atlanta
Oklahoma City