·2 min read
A small town near the state’s largest university is a trendy area for real estate — and the priciest.
A recent report by online lender CashNetUSA ranked a Oxford as the most expensive “neighborhood” in Mississippi. Because of the town’s population of 26,000, the report counted all of Oxford as one neighborhood.
The report found that the average Oxford home sold for $595,000, according to Zillow. More than half the homes currently on the market are listed for $400,000 or more. But, chances are $400,000 will only get you a three bedroom townhome.
Based on the homes currently listed on Zillow, townhomes are a popular choice. The most expensive property listed in Oxford is a luxury townhouse in the heart of downtown. The 1,248-square-foot unit is going for $1,150,000.
A 10,000-square-foot plot of land in a high end residential part of town is listed on Zillow for $850,000.
Venture three miles west of Ole Miss to the Wellsgate subdivision and you’ll find lakefront homes selling for around $750,000.
Oxford’s kind of luxury is still a bargain compared to its counterparts in other states. Homes in Mountain Brook, a wooded, hilly enclave of Birmingham, Alabama, average $1,758,360. Georgia’s pricey Sea Island averages properties in the $5.4 million range.
The country’s priciest neighborhood is Manalapan in Palm Beach County, Florida. The average home in this neighborhood where Billy Joel and Don King are your neighbors is $39,761,000.
10 most expensive neighborhoods in the U.S.
Below is a list of the most expensive neighborhoods and towns in the country and the average house price for each, according to CashNetUSA.
Manalapan, Florida: $39,761,000
Palm Island, Florida: $27,624,833
Snowmass, Colorado: $23,568,750
Beverly Hills Gateway, California: $22,771,957
Port Royal, Florida: $22,032,667
Golden Beach, Florida: $18,659,412
Bel Air, California: $18,581,775
Southampton Village, New York: $16,719,714
Sagaponack, New York: $16,016,944
Trousdale Estates, California: $15,870,100
- Manalapan, Florida.
- Palm Island, Florida.
- Snowmass, Colorado.
- Beverly Hills Gateway, California.
- Port Royal, Florida.
- Golden Beach, Florida.
- Bel Air, California.
- Southampton Village, New York.
A report by online lending company CashNetUSA has identified the most expensive neighborhoods in America, with the priciest one of them all being Manalapan in Florida.What is the most expensive neighborhood to live in us? ›
The average price of the most expensive neighborhoods in every U.S. state is $5,249,542, but America's most expensive neighborhood—Manalapan, Fla.,—far surpasses that at a whopping average house price of $39,761,000.What town has the most expensive real estate? ›
1. Manhattan, New York. No place beats the center of the Big Apple when it comes to being the most expensive housing market in the U.S. With space at a premium and location paramount, the average price of a home in Manhattan is $2.4 million, or 5.4 times higher than the national average.Where is the most expensive house located? ›
Buckingham Palace – $1.3 Billion
Located in the city of Westminster, London, holding the title of the most expensive house in the world is Buckingham Palace.
Soaring inflation and rising accommodation costs were cited as reasons for New York topping ECA International's Cost of Living Rankings for 2023, while Geneva and London remained in third and fourth places. Singapore climbed from 13th place last year to break into the top five for the first time.What is the most expensive street to live on? ›
57th Street (world's most expensive street according to Business Insider) Central Park South (world's third most expensive street) Park Avenue (world's fourth most expensive street) 5th Avenue (world's seventh most expensive street)What town has the most expensive houses in the US? ›
Atherton, California: $10.05 million. This Silicon Valley city is the most expensive place in the U.S. to buy a home, by a wide margin. Prices soared nearly 43 percent from the first quarter of 2021 to the first quarter of 2022, according to ATTOM Data Solutions. Water Mill, New York: $6.24 million.What is the #1 most expensive city in the US? ›
New York City is not only America's most expensive city, but it's also the world's most expensive city. The cost of living in one of the city's boroughs is 150 % higher than the national average.What are rich neighborhoods called? ›
You know you're driving through an affluent neighborhood when you see large houses, perfect landscaping, and expensive cars. Use affluent to describe wealthy people or areas.
Whilst both areas cannot be pronounced cheap, Bel Air is slightly more affordable on average than Beverly Hills. Housing is still extortionately expensive compared to the rest of the US; however, you can seek out some less costly areas.What is the richest part of Pasadena CA? ›
Linda Vista is a neighborhood in Pasadena, California. It is one of Pasadena's wealthiest neighborhoods, and its largest by area. It is bordered by Oak Grove Drive to the north, Colorado Boulevard to the south, the Pasadena-Glendale border to the west, and Linda Vista Avenue to the east.