Housing

The $10 Million House Town

kenlund / Flickr

The median home price in America is $400,000. In the most expensive metropolitan area in the United States, San Jose, the number rises to $1.1 million. In one town in California, the price jumps to $10 million.
[in-text-ad]
According to The Wall Street Journal, the median home listing price in Newport Coast is $10,645 million, up 21.66% from a year earlier. The town has a population of about 7,500 people. Its ZIP code is 92657. Based on home prices, this makes it the most expensive ZIP code in America. (This is the city with the poorest middle class in each state.)

The Wall Street Journal reports that if $10 million is not enough, one home in Newport Coast is priced at $69.8 million. It has seven bedrooms and 13 bathrooms, covers 15,500 square feet, and is on a modest 0.61 acre of land. That matches the price of New York City’s most expensive apartments, which sit 70 floors or more above Central Park. Several townhouses also have similar prices. Recently, a townhouse in the Plaza Hotel was priced at $50 million.

If data on New York’s most expensive apartments is accurate, the people who buy them have hundreds of millions of dollars or more in net worth.


A handful of cities have costly neighborhoods based on home prices. Several are outside the United States, including Hong Kong, Singapore and Vancouver. These are occupied by the richest people in the world as well.


According to Henley & Partners, 9,700 people in the United States have over $100 million or higher net worth. That means a handful of Americans could buy homes in Newport Coast and that demand there is unlikely to slacken.

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.