1 FL ZIP Code Among 100 Most Expensive In Country

MIAMI, FL — Rising interest rates have cooled the U.S. housing market overall and Florida is no exception, but one of the priciest neighborhoods in the country can still be found right here.

There is no question that real estate in Florida demands a steep price, but a just released study found one Florida ZIP code is among the five most expensive in the entire country.

PropertyShark's annual ranking of the 100 priciest ZIP codes in the U.S. listed one Miami metro community among the very highest priced.

The 33109 zip code on Miami Beach’s Fisher Island continued to climb in sales prices from No. 4 last year to No. 3 in the nation this year. It marks the first time since 2017 that this popular celebrity location regained a place on the podium. It also reached a new pricing peak with a median sale price of $5.5 million, PropertyShark said.

In order to determine the most expensive ZIP codes, PropertyShark said that it considered all home transactions that were closed between set dates in January and October of last year. The full "100 Most Expensive U.S. Zip Codes in 2023" report can be found here.

Property Shark says they "calculated median sale prices based on closed home sales, not asking prices, as we consider this methodology to provide the most accurate picture of actual market dynamics. Whereas asking prices reflect sellers wishes, calculating medians based on sale prices reflects the transactional reality on the ground."

California claimed 79 of the most expensive ZIP codes in the country — the most of any state. New York had the second most with 22 ZIP codes making the list.

See Property Shark's full list of rankings and details about the methodology here.