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Newport Beach Ranked Among America's Most Expensive ZIP Codes

Newport Beach, Newport Coast and Corona del Mar rank among the top 100 areas in Forbes' annual rankings of the most expensive ZIP codes in the country.

Newport Beach, Corona del Mar and Newport Coast are listed among the ZIP codes included in Forbes' annual list of America's most expensive ZIP codes, released last week.

Newport Coast ranked highest on the list at No. 25, followed by Newport Beach's 92662 at No. 49, Corona del Mar at No. 52 and Newport Beach's 92661 at No. 65.

Forbes, with the assistance of Altos Research, examined prices in more than 22,000 ZIP codes from June 28 through Sept. 28 and looked at the median asking price for single-family homes and condominiums. The analysis was limited to ZIPs where 10 or more residences were on the market.

According to the magazine's analysis, the median home price during the survey period in Newport Beach's 92662 neighborhood was $2,214,067, a median price change of 21.3 percent over last year. A home, on average, remains on the market in this area of the city for 163 days, and at the time of the survey, there were 61 properties listed. In Newport's 92661 ZIP code, the median home price was $1,978,153, a median price change of -32.9 percent over the last year. On average a home remained on the market for 205 days.

The median home price during the survey period in Newport Coast was $2,984,844, a median price change of 18 percent over last year. On average, a home remains on the market in Newport Coast for 212 days.

Over in Corona del Mar, the median home price during the survey was $2,153,627, a median price change of 11.8 percent over last year. A home, on average, remains on the market in the village for 142 days.

Editor Brendan J. O'Reilly contributed to this report.

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