New Jersey is home to 13 of America’s most expensive zip codes. See the list – MASHAHER

Thirteen New Jersey zip codes are among the most expensive places to live in the country, according to data from the rental marketplace Zillow.

The Zillow Home Value Index uses a proprietary formula to identify the typical home value in a given area. Out of close to 26,000 U.S. zip codes, 13 in the Garden State are in the top 1%, with typical home prices from $1.6 to $3.8 million. Zillow’s data reflects home values through July 31.

Deal, in Monmouth County, tops the list as New Jersey’s most expensive zip code, with a typical home value of $3,790,950, up from $632,250 in January 2020.

In New Jersey, home values in Stone Harbor (Cape May County) increased the most from January 2020, Zillow said. A typical home there costs $2,372,463, up from $273,145. Stone Harbor is the fourth most expensive zip code in New Jersey, Zillow said.

Eight out of the 13 most expensive New Jersey zip codes are in Monmouth and Ocean counties, where home prices can go far above the state average of $537,916.

Most expensive zip codes in New Jersey

Nationwide, the most expensive zip codes are also by water. Atherton, California, in the San Francisco Bay area; Miami Beach, Florida; Sagaponack in New York’s Long Island; and Beverly Hills, California, boast the four most expensive zip codes, with typical home values ranging from $5.2 to $7.7 million.

In April, Zillow said the U.S. has a record-high 550 “million-dollar” cities — cities where the typical home is worth $1 million or more. That is 59 more million-dollar cities than 2023.

California is home to 210 million-dollar cities, more than the next five states combined, Zillow said. New Jersey has added the most million-dollar cities over the past year, gaining 14.

This article originally appeared on Asbury Park Press: Zillow Data: NJ leads with 13 of nation’s priciest zip codes