The 50 Most Expensive Small Towns In The United States

The Mountain Life Team Blogger June 6, 2011

50 Most Expensive Small Towns In AmericaAccording to the National Association of REALTORS®, Foreclosures and other “Distressed Properties” sell at discounts of 20 percent of more. Discounts of that size affect pricing in the broader housing market, too. It’s among the reasons why median home prices are dropping.

Not all markets are affected equally, however. In a recent BusinessWeek analysis, it was shown that one-third of the nation’s 50 most expensive small towns experienced a median price increase between 2010 and 2011.

Topped by Sagaponack, New York — a town of only 582 residents — each of the cities carries a median home price of more than $1,000,000, and a total population of 10,000 or less.

The list is dominated by New York and California, with 22 and 13 entrants, respectively. The rest of the towns are spread throughout the country, including Chilmark, MA (#28), Yarrow Point, WA (#29) and Belle Meade, TN (#48).

The complete Top 10 follows:

  1. Sagaponack, N.Y.
  2. Jupiter Island, FL.
  3. Kings Point, N.Y.
  4. Los Altos Hills, CA.
  5. Water Mill, N.Y.
  6. Belvedere, CA.
  7. Rolling Hills, CA.
  8. Hidden HIlls, CA.
  9. Sands Point, N.Y.
  10. Woodside, CA.

See the complete list at the BusinessWeek website.

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See What Others Are Saying

  1. That is a bit of good news considering market conditions in many areas of the U.S. these past few years. In Idaho, we seem to be starting on the road to market stability and recovery with a greatly reduced inventory of homes for sale and much quicker market times.

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