November 30, 2020

For the first time, New York City has no zip codes ranking among the nation’s 10 most expensive U.S. housing markets, PropertyShark reported. “With its traditionally most expensive zip codes located in the heart of the urban core and as one of the early epicenters of the pandemic, NYC’s real estate market felt the effects of COVID-19 at a sharper degree than others,” according to PropertyShark.

The city’s priciest zip code is 10007 in TriBeCa, which ranks eleventh. It’s currently the only New York City zip code with median pricing above $3 million. Both 10007 and nearby 10013 had medians in the $4-million range three years ago, PropertyShark says.

“Overall, that downward trend held true for most of NYC’s most expensive zips,” according to PropertyShark. At a median $7 million, the nation’s most expensive housing market, Atherton, CA, is well ahead of No.2 Sagaponack on eastern Long Island.

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Tags: Apartments & Multifamily, Condominium, Economy, Housing