It’s no secret that Washington is one of the most expensive states. The News Tribune recently reported Evergreen is one of the bottom five US states in terms of affordability and necessities like rent, groceries, utilities and loans.
But where are the most expensive areas of the state?
Washington’s statewide median home sales price was $586,000 as of March, according to the . Real Estate Site Redfinbut homes in the state’s most expensive neighborhoods sell for more than 14 times the state average.
online lender CashNetUSA of recently determined U.S. states most expensive area be a landlord. For Washington, that title goes to Medina, a town on the west shore of Lake Washington in King County. Real estate in that community sells for an average of $8,585,489. A residential area consisting of only a few thousand residents lie on the opposite bank Madison Park in Seattle.
To identify the most expensive neighborhoods in each state, CashNetUSA used Zillow real estate data to calculate the most expensive neighborhoods in each state. The website averaged home prices for each community by summing all home prices in the area and dividing by the number of properties.
Washington’s Most Expensive Neighborhood
Medina is considered a suburb of Seattle. Incorporated in 1955, it is home to over 3,200 people. Suburbs are prized for their public schools and outdoor activities, and are often considered great destinations for families. Education website Niche.
“With its parks and open spaces, the medina is a quiet, safe small city with an active and enthusiastic population. State on its website“Medina respects its heritage while protecting the natural environment and resources for present and future generations.”
Washington-based tech mogul Bill Gates and Jeff Bezos own multi-million dollar real estate in Medina. business insider reportCostco Wholesale co-founder Jeffrey Brotman also lived in the suburbs before him. died in 2017.
Currently Listed Medina Properties For sale on Redfin from millions of dollars $21 million or more.
Top 10 Most Expensive Areas in America
There are homes in the Medina that cost far more than the average Washington resident can afford, while homes in other areas sell for much higher prices on average. The top 10 nationally are:
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$39,761,000 — Manalapan, Florida
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$27,624,833 — Palm Island, Florida
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$23,568,750 — Snowmass, Colorado
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$22,771,957 — Beverly Hills Gateway, California
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$22,032,667 — Port Royal, Florida
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$18,659,412 — Golden Beach, Florida
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$18,581,775 — Bel Air, California
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$16,719,714 — Southampton Village, New York
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$16,016,944 — Sagaponack, New York
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$15,870,100 — Trussdale Estate, California
For the purposes of that article, CashNetUSA National Geographic Encyclopedia entryA neighborhood is an area within a city or state that has vague geographical boundaries but a well-defined character and identity. A region often mentioned in connection with a large city. Neighborhood residents often share similar characteristics, such as socioeconomic status, housing preferences, public order, and level of education.
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