Where are the best zip codes for buying a home or investing in real estate in the U.S. today? A new Realtor report on luxury homes highlights the most exclusive zip codes and cities for buying a home…
Forget $1 million, that’ll barely cover your garage, driveway or annual wages for your estate’s staff in these neighborhoods. If you really want to live in style and have a zip code to brag about you’ll want to look into buying a home in a neighborhood flush with homes going for at least 8 digits. So where are they?
According to Coldwell Banker’s Luxury Market report on the zip codes with the most $10 million home sales and listings 6 of the top 10 are in California, with Florida, Colorado and Connecticut real estate making up the rest.
Of course you don’t have to drop $10 million to get an amazing pad today. Between low home prices and ridiculously low mortgage interest rates there are still great deals on newly renovated homes that look like new and have plenty of space from coast to coast.
In fact, if you don’t want to over pay just to claim an elite address or want to find better conditions for generating larger real estate investing profit spreads you might be better off finding good middle ground between the ultra-swanky and distressed. New Haven, Connecticut and inland San Diego County real estate are both fantastic examples of this.
Going just outside the hot zone can enable home buyers and real estate investors to find incredible bargains while enjoying the same great lifestyle and positioning themselves for significant equity growth over the years ahead.
Other great examples of these sweet spots around the United States may include cities like Bonita Springs, FL, Rochester, MI and Austin, TX instead of Dallas or Houston.
