The 20 Wealthiest Zip Codes in New York

New York is reportedly second only to California when it comes to states with the most expensive Zip Codes in residential real estate.

Nancy Wu, economist at StreetEasy and Zillow, says data shows the pandemic's impact has exacerbated the dip in more centralised sections of the New York property market.

She told Newsweek: "The pandemic has exacerbated the four-year sales market slowdown among some of the most expensive Manhattan neighborhoods, with remote work encouraging New Yorkers to sell their Manhattan homes to live elsewhere.

"Even with the cooling of the market, one-third of the 20 most expensive zip codes in the state are in Manhattan, which shows just how pricey it really is."

She adds that while Manhattan is likely to remain the location of the most-pricey areas, another intriguing trend concerns a spike in demand for homes in the Hamptons.

"Many prospective buyers are looking for more space to work from home, a large yard for kids to play in, or more room for entertaining," she said.

"For the New Yorkers who can afford it, the Hamptons is one of the top spots to buy a home."

Previous StreetEasy analysis revealed how most New Yorkers who left the city moved to other expensive counties, with Nassau and Westchester counties ranking first and second among the counties relocating New Yorkers move to in the tri-state area.

Below, Newsweek reveala the top 20 Zip Codes in New York State, according to the Zillow Home Value Index (ZHVI) measured in March 2021.

ZHVI reports the weighted average of Zillow's estimate of home value for the middle third of homes in a given region.

Tracking this weighted average instead of a median is regarded as more representative of the full portfolio of homes, including homes at the top end of the market.

20. Southampton 11968

$1,660,770 median

Southampton is a small and ultra-exclusive village in Suffolk County, New York, with nearby beaches known as an expensive summer destination.

Southampton 11968
Coopers Beach in Southhampton, New York, during summertime TraceRouda/Getty Images

19. Manhasset 11030

$1,669,422 median

Manhasset real estate also is frequently ranked among the most expensive in America and boasts excellent schools and stunning countryside.

Manhasset 11030
An employee waits to be let into a store in Americana Mall in May 2020 in Manhasset, New York Meinzahn/Getty Images

18. Montauk 11954

$1,763,560 median

Named after the Native American Montaukett tribe that lived on this land, Montauk is now one of America's most expensive summer destination, sitting at the east end of Long Island's peninsula.

Montauk 11954
Montauk Point Light, Lighthouse, Long Island, New York, Suffolk County Meinzahn/Getty Images

17. Rye 10580

$1,798,131 median

Rye is a small, coastal, suburban city in Westchester County named in 2019 as the best place to live in the whole of New York.

Rye 10580
Rye is a small, coastal, suburban city in Westchester County named in 2019 as the best place to live in the whole of New York SorinVidis/Getty Images

16. New York 10012

$1,832,311 median

Zip Code 10012 is located in southeast New York encompassing a primarily residential exclusive neighborhood known for its eclectic sensibility and bohemian spirit.

Rye 10580
A mix of old and new skyscrapers and buildings in NoHo New York James Andrews/Getty Images

15. Mill Neck 11765

$1,893,692 median

Mill Neck is a village in Nassau County, New York known for its natural beauty of its expanses of land preserves, botanical gardens and arboretums.

Mill Neck, New York, 11765
This peaceful 6-bed property overlooking Shu Swam Perserve in Mill Neck, New York, 11765 is on the market for $1,295,000 Kevin Wohlers for Daniel Gale Sotheby’s International Realty

14. Great Neck 11024

$1,893,797 median

The Great Neck peninsula encompasses nine villages dotted among more than 20 parks overlooking two bays and Long Island Sound.

Great Neck 11024
The Great Neck, New York Long Island Railroad station Morse Collection/Gado/Getty Images

13. Sag Harbor 11963

$1,926,819 median

Sag Harbor is a charming and friendly town packed with celebrity residences and landmarks recognising its history as the first port of entry to the new U.S.

Sag Harbor 11963
A boat docked in the harbor at Sag Harbor in Long Island, New York Joseph Trentacosti/Getty Images

12. New York 10069

$1,937,290 median

New York's glamorous Upper East Side is an ultra-exclusive residential neighborhood with upscale boutiques and restaurant scattered among luxury townhouses and the chicest apartments.

New York 10069
Skyline and Central Park, New York City Lady-Photo/Getty Images

11. New York 10282

$2,175,095 median

This Zip Code is home to the vertiginous Tribeca Pointe residential building, considered one of the most spectacular apartment rental buildings in Battery Park City.

New York 10282
1 World Trade Center and buildings in Battery Park City at night, in Lower Manhattan, New York Jon Bilous/Getty Images

10. Old Westbury 11568

$2,228,731 median

Old Westbury is an extremely wealthy village in Nassau County, situated on the North Shore of Long Island, known for its historic mansion and glorious gardens.

Old Westbury 11568
Sun burst behind a beautiful white church with an American flag flying high in Cold Spring Harbor, New York Scott Heaney/Getty Images

9. New York 10118

$2,262,695 median

This Zip Code is home to the iconic Empire State Building, in addition to the historic Waldorf-Astoria hotel on 350 Fifth Avenue.

New York 10118
The Empire State Building is a 102-story Art Deco skyscraper in Midtown Manhattan, New York City. Designed by Shreve, Lamb & Harmon and completed in 1931, the building has a roof height of 1,250 feet (380 m) and stands a total of 1,45ft (443.2m) tall, including its antenna Iuliia Serova/Getty Images

8. Quogue 11959

$2,273,224 median

Quogue is regarded as a quiet family-oriented town to the extreme west of the Hamptons, best known for its beach and steady pace of life.

Quogue, New York, 11959
This one-of-a-kind 4 bedroom beach house in Quogue, New York, 11959, is valued at $4,499,500 Tyler Sands for Daniel Gale Sotheby’s International Realty

7. New York 10007

$2,558,554

The Zip Code encompasses areas of Tribeca, Downtown and Manhattan, as well known for its celebrity condos as its status as New York's new hub of wealth.

New York 10007
Historic buildings along Franklin Street in the Tribeca neighborhood of Manhattan, New York City deberarr/Getty Images

6. Wainscott 11975

$2,601,398 median

Wainscott, a tiny Hamptons hamlet situated on the East End of Long Island, boasts pristine Atlantic Ocean beaches and some of the world's most exquisite real estate.

Wainscott 11975
Wainscott, a tiny Hamptons hamlet situated on the East End of Long Island unterwegs-reiseblog.de/Getty Images

5. New York 10013

$2,756,443 median

This exclusive patch of southeast New York is perhaps best known for Broadway and the SoHo neighborhood, which is packed with designer boutiques, expensive stores and high-end galleries.

New York 10013
Historic buildings along Greene Street in the SoHo neighborhood of Manhattan, New York City deberarr/Getty Images

4. Bridgehampton 11932

$3,160,592 median

Bridgehampton lies in the most exclusive part of the Hamptons and an area best associated with its world-renowned horse riding events.

Bridgehampton, New York, 11932
This 10-bed, 2.33 acre property in Bridgehampton, New York, 11932 is on the market for $28,500,000 Richard Taverna for Sotheby’s International Realty

3. Amagansett 11930

$3,124,594

Amagansett, New York, 11930
This 5-bed $5,500,000 magansett, New York, 11930, property is a short stroll from the area's famous white sand ocean beaches Rylan Jacka, Sotheby’s International Realty – East Hampton Brokerage

This exclusive hamlet, which derives its name from the Montaukett name for "place of good water", was founded in 1680.

2. Water Mill 11976

$3,678,599 median

Known as the site of New York's first watermill, this exclusive hamlet is vaunted for its prime real estate, views of the beautiful Mecox Bay and its stylish Parrish contemporary American art museum.

Water Mill, New York, 11976
This handsome 7-bed property in Water Mill, New York, 11976 is listed for $14,995,000 Rise Media & Brian Renzetti for Sotheby’s International Realty

1. Sagaponack 11962

$5,370,954 median

Within the Hamptons' many affluent towns, the tiny village of Sagaponack is the wealthiest Zip Code of them all.

Celebrities and billionaire business executives, including actress Drew Barrymore, talk-show host Jimmy Fallon own homes in this most exclusive and secluded village.

Sagaponack, New York, 11962
This 5-bed property, desribed as the "ultimate farm chic compound" in Sagaponack, New York, 11962, is on the market for $9,950,000 Rise Media for Sotheby’s International Realty