Forbes: 12 Texas ZIP codes rank as most expensiveForbes: 12 Texas ZIP codes rank as most expensivehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=28102014-10-13T10:33:00Z2014-10-13T00:00:00Z

TEXAS - Forbes has released its annual list of America’s Most Expensive Zip Codes for 2014, with Texas claiming 12 of the 500 most expensive ZIP codes in the nation.

For this ranking, California-based real estate firm Altos Research calculated the median home prices for more than 28,500 U.S. ZIP codes (covering 95 percent of the U.S. population) using asking prices for single-family homes and condominiums listed for sale.

Houston had five ZIP codes crack the list, with Austin posting four and Dallas recording three.

Texas’ most expensive ZIP code is 77024, which has a median asking price of $1.6 million. For comparison, the Silicon Valley ZIP code of 94027 in Atherton, California, tops Forbes' list with a median price of $9 million.

Below is a chart of the 12 Texas ZIP codes to crack the list.

Most Expensive Zip Codes in Texas
Rank* City ZIP Median Price
153 Houston 77024 $1,585,346
164 Dallas 75205 $1,516,840
183 Austin 78735 $1,455,108
185 Houston 77056 $1,431,464
195 Austin 78746 $1,410,092
250 Houston 77005 $1,280,130
274 Dallas 75225 $1,238,037
377 Houston 77027 $1,037,568
389 Bellaire 77401 $1,016,683
444 Dallas 75220 $953,856
489 Austin 78703 $904,444
498 Austin 78733 $895,314

*Rank is out of the top 500 ZIP codes on Forbes' list.

For more on each city’s most expensive ZIP codes, check out the Austin Business Journal, the Dallas Business Journal and the Houston Business Journal.

http://www.forbes.com/sites/erincarlyle/2014/10/08/new-york-dominates-2014-list-of-americas-most-expensive-zip-codes/Read more at {Source}

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