Top Priciest Suburbs in Each U.S. State Revealed by Zillow and Redfin

Life in the suburbs has never seemed more appealing. Due to the COVID-19 pandemic and the rise of remote work, more and more Americans are opting to leave the big city and move to smaller communities with larger homes, better schools, and a more relaxed lifestyle. This trend, coupled with lower mortgage rates, has resulted in a significant surge in demand for single-family homes in select neighborhoods across the country, consequently driving home values to record highs.

“Coupland and Bear Creek, Texas, two small communities in the Austin metro area, have witnessed the fastest growth in home values over the past year. Following closely are Hungry Horse and Whitefish, Montana, both of which are located in the Kalispell area,” explained Nicole Bachaud, an economist with Zillow.

Nonetheless, when it comes to the priciest suburb, the undeniable frontrunner is the beachfront enclave of Montecito, California, where the median sale price this March exceeded $5 million. In comparison, the median home value in California was $758,360, ranking it as the second-highest in the country, according to Zillow data. Hawaii holds the highest median home value at $842,487, with the District of Columbia coming in third at $703,116.

However, economists are beginning to observe signs of a market slowdown. As mortgage rates surpass 5%, online searches for homes for sale have declined compared to the previous year, as reported by Redfin.

“Moreover, we are witnessing a growing number of sellers reducing their prices. These trends point to a cooling in the market after an extended housing frenzy of over 18 months,” commented Daryl Fairweather, Redfin’s chief economist. “There is still significantly more demand for housing than supply, but these early signs of a slowdown indicate that sellers may no longer set exorbitant prices for their homes.”

Consequently, read on for the most expensive suburbs in every U.S. state, organized by median sale price, based on data from Redfin and Zillow.

Mountain Brook, Alabama

The median sale price of this Birmingham suburb was $720,500, with 36 homes sold in March 2022.

Palmer, Alaska

Palmer has the priciest real estate in Alaska, with a median sale price of $349,450.

Paradise Valley, Arizona

Paradise Valley is Arizona’s priciest suburb, boasting a staggering median sale price of $3,487,500.

Rogers, Arkansas

This vibrant city in the Ozarks features a median home value of $412,325.

Montecito, California

This upscale suburb is the most expensive in California and the country, with a median sale price of $5,600,000, reflecting a 0.2% increase since March 2021.

Greenwood Village, Colorado

In March, 24 homes changed hands in this Denver suburb for a median sale price of $1,698,000.

Westport, Connecticut

Located along Connecticut’s Gold Coast, Westport is the most expensive town in the state, featuring a median sale price of $2,410,000.

Hockessin, Delaware

The median sale price of homes in Hockessin in March 2022 was $563,500.

Palm Beach, Florida

Unsurprisingly, Palm Beach is the most expensive neighborhood in Florida, with a median sale price of $2,207,600 in March.

Skidaway Island, Georgia

This affluent island features the priciest real estate in Georgia, with a median sale price of $849,000.

Kaanapali, Hawaii

Maui’s Kaanapali takes the top spot for expensive real estate in Hawaii, featuring a median sale price of $1,710,438.

Eagle, Idaho

This quaint Boise suburb holds the title of the most expensive in Idaho, with 39 properties selling in March for a median value of $850,000.

Hinsdale, Illinois

The median sale price of homes in Hinsdale was $1,130,000 in March 2022.

Zionsville, Indiana

In Zionsville, 47 homes changed hands in March, with a median sale price of $599,570.

Johnston, Iowa

This city in Polk County, Iowa, boasts a median price of $387,000, making it the most expensive real estate in the state.

Leawood, Kansas

The residential real estate in Leawood has a median sale price of $640,000.

St. Matthews, Kentucky

The median sale price in this affluent suburb of Louisville was $338,000.

Oak Hills Place, Louisiana

In March, 21 homes sold in this Baton Rouge suburb at a median sale price of $390,811.

Windham, Maine

The median sale price in Windham was $473,500.

Chevy Chase, Maryland

The median home value in this Washington, D.C. suburb was $1,250,000.

Brookline, Massachusetts

The Boston suburb of Brookline ranks first in Massachusetts, featuring a median sale price of $1,478,000.

Birmingham, Michigan

The median home sale price in Birmingham was $680,000.

Edina, Minnesota

With 66 homes sold in March 2022 for a median sale price of $625,000, Edina stands out as the most expensive suburb in Minnesota.

Hernando, Mississippi

The median sale price of homes in Hernando was $359,950.

Chesterfield, Missouri

During March, 55 homes sold in Chesterfield with a median sale price of $503,400.

Big Sky, Montana

According to Zillow, Big Sky’s median real estate value in March 2022 was $1,999,482.

Papillion, Nebraska

The median sale price in Papillion was $402,000.

Minden, Nevada

This small Nevada town has a median sale price of $700,000.

Portsmouth, New Hampshire

The median sale price of homes in Portsmouth stood at $842,000.

Sea Isle City, New Jersey

In Sea Isle City, the median home price in March reached $1,375,000.

Talaya Hill, New Mexico

This Santa Fe neighborhood had a median sale price of $1,701,678.

Rye, New York

This coastal city in Westchester County records the state’s highest real estate prices, with a median sale price of $1,775,000.

Lake Norman of Catawba, North Carolina

In this scenic North Carolina community, 24 homes sold with a median sale price of $790,500.

Rose Creek, North Dakota

The median home value in this Fargo neighborhood reached $525,581 in March.

Upper Arlington, Ohio

Upper Arlington’s residential real estate features a median value of $543,950.

Jenks, Oklahoma

Homes in this Tulsa suburb have a median value of $411,455.

Lake Oswego, Oregon

Residential real estate in Lake Oswego is the most expensive in the state, with a median sale value of $930,000.

Malvern, Pennsylvania

The median home value in this Chester County town was $634,264.

Newport, Rhode Island

Newport’s median home value was $848,000 in March, a half percentage point increase from the same time last year.

Isle of Palms, South Carolina

This barrier island city boasts the most expensive real estate value in the state, at $1,325,000.

Downtown Sioux Falls, South Dakota

In South Dakota, the most expensive real estate can be found in downtown Sioux Falls, with a median sale price of $497,551 in February 2022.

Brentwood, Tennessee

The most affluent suburb of Nashville is Brentwood, with a median home value of $1,280,500.

West University Place, Texas

This Texas neighborhood ranks first in the state, featuring homes with a median sale price of $1,396,000.

Park City, Utah

With a median home value of $1,980,000, Park City is recognized as the most expensive suburb in Utah.

South Burlington, Vermont

The median home value here is $493,147.

Great Falls, Virginia

This northern Virginia suburb advertises the priciest real estate in the Commonwealth, with a median sale price of $1,650,000.

Mercer Island, Washington

Off the coast of Seattle, Mercer Island features the priciest real estate in the state, with a median value of $2,150,000.

Hedgesville, West Virginia

The median sale price of homes in Hedgesville was $315,000.

Mequon, Wisconsin

This Milwaukee suburb, situated along Lake Michigan’s western shore, has Wisconsin’s highest real estate prices, with a median value of $689,900.

Moose Wilson Road, Wyoming

This suburb of Jackson boasts the priciest real estate in Wyoming, with a median home value of $1,754,637.

Wesley Heights, District of Columbia

In the exclusive Wesley Heights neighborhood, only five homes sold during the first three months of 2022, with a median sale price of an impressive $2,452,000.