While an exact count of millionaires for every ZIP Code is not publicly available, information regarding ZIP codes with the highest concentration of million-dollar homes serves as a strong indicator of affluent areas highly likely to have a significant number of millionaires.
Based on available data, two ZIP codes in California are notable for having the highest percentage of million-dollar homes:
- 92067 in Rancho Santa Fe, California
- 92662 in Newport Beach, California
Both of these exclusive Southern California communities feature an impressive 96% of homes valued at one million dollars or more. This high concentration of high-value properties suggests a substantial presence of wealth within these regions, which often correlates directly with a higher population of millionaires.
Understanding Wealth in ZIP Codes
The presence of million-dollar homes is a key metric often used to gauge the affluence of a geographic area. While owning a million-dollar home doesn't automatically confer millionaire status (as net worth also considers assets minus liabilities like mortgages), it is a significant component of wealth for many individuals. A millionaire is generally defined as someone with a net worth of $1 million or more. Therefore, communities where a large majority of homes exceed this value are strong candidates for having a high concentration of wealthy residents.
Factors contributing to high property values and, by extension, a high concentration of millionaires in these ZIP codes often include:
- Desirable locations: Proximity to major cities, scenic views, and exclusive coastal access.
- High-quality amenities: Renowned schools, luxury shopping, fine dining, and private clubs.
- Limited supply: Scarcity of land and desirable properties drives up values.
Top ZIP Codes by Million-Dollar Home Concentration
The following table provides a breakdown of notable ZIP codes and their percentage of million-dollar homes, highlighting areas with significant wealth:
| ZIP Code | City, State | Percent of Million-Dollar Homes |
|---|---|---|
| 92067 | Rancho Santa Fe, CA | 96% |
| 92662 | Newport Beach, CA | 96% |
| 93108 | Santa Barbara, CA | 80% |
| 94027 | Atherton, CA | 80% |
Source: CNN/Money: Million-Dollar Zip Codes
These figures showcase the significant real estate investments within these communities, which are a strong reflection of the substantial wealth held by their residents.
