Posted: Monday, August 31, 2009
A host of Hip-Hop superstars have helped a community in Alpine, New Jersey earn the title of “most expensive zip code” by Forbes magazine.
A new list published today by the popular magazine revealed that the Alpine zip code of 07620 is the priciest place to live in the United States, with the average home selling for around $4.14 million dollars.
A number of notable Hip-Hop acts have helped inflate the value of the real estate in the area, by purchasing expensive mansions in Alpine, which was formed in 1904.
Entrepreneurs and artists like Sean “Diddy” Combs, Lil Kim, Fabolous, Jay-Z, Russell Simmons, LL Cool J, Andre Harrell, Fabolous and Damon Dash have called Alpine home at one time or another.
The neighborhood, which is about 10 miles from Manhattan, edged out zip codes like Atherton, California, which was the second most expensive place to live in the nation with an average cost for a home at about $3.85 million.
New York’s West Village is the third on Forbes list, with the average price of a home selling at about $3.5 million dollars.
Other esteemed zip codes on the list include 81611 (Aspen, Colorado), 90210 (Beverly Hills) and 93953 (Pebble Beach, California).
According to Forbes, all of the top ten places to live in the United States are in California, New York and New Jersey.