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Do You Live in an Overpriced Zip Code?

Thu, 09/04/2008 - 2:30pm by SavvySugar
689 Views - 27 comments

The introduction of the new 90210 got me thinking about posh Beverly Hills, and with the never-gets-old theme song in mind, I went searching for information on real estate by zip code. Turns out I didn't have to look too far, because Forbes created a list of the most overpriced zip codes in the US. Forbes determined if a zip code was overpriced by looking at how much of a premium home owners pay in comparison to how much it costs to rent a similar home in the area.

  1. 10013: Tribeca, New York, NY
  2. 02111: Chinatown, Boston, MA
  3. 98104: Downtown, Seattle, WA
  4. 90038: West Hollywood, Los Angeles, CA
  5. 92103: Mission Hills, San Diego, CA
  6. 94122: Outer Sunset, San Francisco, CA
  7. 85006: Coronado, Phoenix, AZ
  8. 75209: Greenway Parks and Devonshire, Dallas, TX
  9. 97213: Rose City Park, Portland, OR
  10. 95125: Willow Glen, San Jose, CA

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27 Comments Add a Comment

  • LilPeaPod's picture
    LilPeaPod
    1

    This is funny, cause the Sunset seems to be the cheapest district to live in SF!

    11 weeks 10 hours ago Report Comment
  • chippyshero2066's picture
    chippyshero2066
    2

    Nope I live at a redneck zipcode. The posh zipcode is 2 and half hours away from me. At least the Southwest part is the posh part of Portland, Oregon.

    11 weeks 10 hours ago Report Comment
  • chippyshero2066's picture
    chippyshero2066
    3

    Rosecity Park is the poshest neighborhood in Portland.Posh people from the southwest end do their shopping on the west part of portland. But however, If they're bold, they will sneak over to the east side (which is middle class, upper middle class & blue collar section to do some food shopping over on the east.

    11 weeks 10 hours ago Report Comment
  • nv27's picture
    nv27
    5

    My zipcodes not on there, thank God. The closest thing to me is W. Hollywood, which is about 20 minutes away.

    11 weeks 9 hours ago Report Comment
  • SDTransplant's picture
    SDTransplant
    7

    I lived in West Hollywood for a year, but my rent was cheap because I rented a house with some other women. I'm certain though that to live by yourself or even with one other roommate with cost an arm and a leg.

    I spend a lot of time in Boston's Chinatown because my b/f works there and we like to eat out there, and I hear all the time about the overpriced condos that are sprouting in the area. A lot of times, these condos are built in lieu of affordable housing and the majority of the original residents are priced out. It's frustrating.

    11 weeks 8 hours ago Report Comment
  • soapbox's picture
    soapbox
    8

    My county was on the "Most expensive places to live in the US" list two years ago.

    11 weeks 8 hours ago Report Comment
  • Renees3's picture
    Renees3
    9

    California is overpriced period! Maybe I'm just whiny because we're househunting haha. I've lived in some expensive places, San Diego and Santa Barbara, CA were the worst.

    11 weeks 6 hours ago Report Comment
  • SussLW's picture
    SussLW
    10

    I agree LilPeaPod! Other neighborhoods are much pricier. Maybe PacHeights just doesn't have enough rentals for data comaprisons?

    94122 (all Sunset, not Outer) was one of the areas which had the most listings in our moderate price range. In fact, we got the most bang for our buck in the Inner Sunset (which is in 94122).

    11 weeks 6 hours ago Report Comment
  • redegg's picture
    redegg
    11

    Chinatown, Boston? That's a total crap area but they are slowly converting everything to lofts so maybe that's why it is expensive to buy there relative to what you get. There are other neighborhoods just down the street that are much more expensive. Interesting, though!

    11 weeks 5 hours ago Report Comment
  • gemsera's picture
    gemsera
    12

    This is very true, even in the UK. We find house prices more expensive where we live currently (renting) than near my work (40 mins east) which is silly, as they are both nice areas !

    11 weeks 2 hours ago Report Comment
  • RosaDilia's picture
    RosaDilia
    14

    All of Manhattan is expensive!! My sister in law lives in Stuyvesant Town and a loaf of Italian bread cost me $4.00!!! I still bought it because we were in the middle of a last minute dinner preparation.

    10 weeks 6 days ago Report Comment
  • ilanac13's picture
    ilanac13
    15

    i'm kind of surprised that mine isn't on that top list - but i'm sure that if i looked at an expanded version it would be. i live in NYC - not tribeca but on the UES so it's kind of a similar issue. also, my zip where i grew up is certainly overpriced - but i guess compared to other places in the country - it's not sooo bad.

    10 weeks 6 days ago Report Comment
  • Renees3's picture
    Renees3
    17

    just wanted to point out this isn't the most expensive places but the most overpriced for what you get!

    10 weeks 6 days ago Report Comment
  • bluebellknoll's picture
    bluebellknoll
    19

    Er, Rose City Park is NOT posh in any regard. We're talking inner NE Portland - mostly lower/ middle class and blue collar. And I can believe that it's overpriced because most homes for sale on the Eastside are ridiculously expensive. I bought my house (one zipcode over from Rose City) 10+ years ago for just over 100K....I could list it on the market now for 450K. Is that nuts or what??

    10 weeks 6 days ago Report Comment
  • cubadog's picture
    cubadog
    20

    I can think of a million other area's of Portland, OR that are overpriced for what you get. This list is a joke.

    10 weeks 6 days ago Report Comment
  • verily's picture
    verily
    21

    I'm surprised none of Chicago's suburbs are on the list.

    10 weeks 6 days ago Report Comment
  • k80d's picture
    k80d
    23

    Seriously - the Outer Sunset? That's where broke college students live.

    10 weeks 6 days ago Report Comment
  • Jude C's picture
    Jude C
    24

    I live in 92103, but Hillcrest, not Mission Hills. It's not really that overpriced, as long as you don't spend too much at all the fantastic little restaurants down the street Smiling

    10 weeks 6 days ago Report Comment
  • Jude C's picture
    Jude C
    25

    Oh, but as far as home prices go, yeah, I could see that.

    10 weeks 6 days ago Report Comment
  • Liss's picture
    Liss
    26

    I live on Cape Cod (MA) Everything is over priced especially the houses. The house prices are absolutely ridiculous! We just finally bought a house we could afford and that is because it was about to be foreclosed on.

    It's sad because alot of the homes here are second homes to people that don't live around here and most people that have lived here all of our lives like me can't afford it anymore and have to move away.

    10 weeks 6 days ago Report Comment
  • sweetrae80's picture
    sweetrae80
    27

    Hmmm.....Pittsburgh, our most expensive areas are still cheaper to live in then the cheap sections of bigger cities. I live in a less expensive part of the city...how come I still don't have any money? LOL

    On a side note, does anyone know anything about the cost of living in St. Petersburg FL? I'm thinking about moving there or to FL in general in a few years.

    10 weeks 5 days ago Report Comment

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