REPORT SHOCKER: Rye is an Expensive Place to Live

News flash: the City of Rye is an expensive place to live.

In fact, Rye is the most expensive zip code in New York outside of New York City and Long Island. This is all according to a new survey released by PropertyShark.

(PHOTO: 12 Parsonage Point in Rye sold for $21,150,000. It was originally listed for $25, 000,000.)

Some other highlights:

• Five zip codes in Upstate New York passed the $1 million median sale price threshold in 2016, with Rye’s 10580 taking the top spot. In Upstate New York’s no. 1 most expensive zip code the median sale price in 2016 hit $1,380,000, placing 10580 as the 95th most expensive zip code in the U.S.
• Rye is home to the 10th richest neighborhood in the nation – Greenhaven.
• Nearby Purchase snagged the title of Upstate New York’s 2nd most pricy zip with a median sale price of $1,300,000. The wealthy Westchester County hamlet is known for its high standard of living and educational institutions such as the State University of New York at Purchase and Manhattanville College. Purchase is also home to the headquarters of major companies such as PepsiCo., MasterCard and Atlas Air.
• Upstate New York’s largest residential transaction of 2016 was the $21,150,000 sale of 12 Parsonage Point Place in Rye. The 8,436-square-foot, 5-bedroom single family home changed hands back in June and boasts panoramic views of Long Island Sound, 346 feet of water frontage and 2.8 acres of landscaped grounds in Milton Point, one of Rye’s most exclusive communities.

See the full Property Shark report.