Forbes: Rolling Hills 9th Most Expensive ZIP Code

All cities on the Palos Verdes Peninsula were among the top 250 areas in Forbes' annual rankings of the most expensive ZIP codes.

A South Bay city is the only one in Southern California to crack the top 10 in Forbes' America's Most Expensive ZIP Codes list.

At No. 9, Rolling Hills beat out Beverly Hills (No. 12), Hidden Hills (No. 20), Bel Air (No. 23), Malibu (No. 38) and Pacific Palisades (No. 50).

With the help of Altos Research, Forbes 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 Rolling Hills was $3,972,500, a median price change of 76.6 percent over last year. A home, on average, remains on the market in the city for 124 days, and at the time of the survey, there were 61 properties listed.

All the cities on the Hill ranked in the top 250. Forbes ranked 500 areas.

Palos Verdes Estates ranked 74th with a median home price of $1,849,955; unincorporated Palos Verdes Peninsula ranked 145th with $1,363,961; Rolling Hills Estates ranked 183rd with $1,196,049; and Rancho Palos Verdes ranked 250th with $979,751.

Other South Bay cities included on the list were Manhattan Beach (No. 91), Hermosa Beach (No. 225) and Redondo Beach's 90277 ZIP code (No. 301).

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

Tammy Sanders October 28, 2012 at 09:58 AM
This article is unclear. Is this ZIP codes in all US or just CA? The article doesn't say.
April Stevenson October 29, 2012 at 12:12 AM
It does say. In the first paragraph. "America's most expensive ZIP codes list".


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