Tuesday, February 22, 2011
Venessa Wong, Bloomberg Businessweek
Venessa Wong, Bloomberg Businessweek
Richest Small Towns In America
Sagaponack, a village with a population of only 582 (it swells during the summer), saw home values drop 14.5 percent from 2009 to 2010-yet it once again earned the No. 1 position on Businessweek.com's ranking of the Most Expensive Small Towns in the U.S.
Businessweek.com identified the 50 most expensive small towns (populations less than 10,000) nationwide where median home values are the highest. Businessweek.com evaluated data on 4,624 cities and census-designated places from November 2010, the most recent available.
Of the 50 most expensive places, most are second-home markets.
None of the towns in the ranking had a median home value of less than $1 million.
Five Most Expensive Small Towns:
No. 5: Water Mill, N.Y.
Median Home Value: $2,111,688
No. 4: Los Altos Hills, Calif.
Median Home Value: $2,161,255
No. 3: Kings Point, N.Y.
Median Home Value: $2,379,905
No. 2: Jupiter Island, Fla.
Median Home Value: $2,810,434
No. 1: Sagaponack, N.Y.
Median Home Value: $3,406,640
Read Full Bloomberg Businessweek Article
Posted by Editor on 02/22/11 at 09:47 AM •
(0) Comments
Share Your Ire
blog comments powered by Disqus