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The
hottest zip codes
NEW YORK (CNN/Money) -- For each of the 10 largest metro regions
tracked by Fiserv Case Shiller Weiss, here are the 10 zip codes
with the largest median five-year price increases -- and their
prospects for the coming year.
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To track housing performance, Case
Shiller Weiss researchers look at repeat sales data for a sample
of houses in each zip code, a method they consider more accurate
than simply looking at changes in an area's median home price. |
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The firm then considers past price
changes employment trends and interest-rate trends to devise a
forecast for the coming year. Finally, it makes adjustments to
individual areas to account for other factors that could influence
an area's housing market |
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Data on five-year price change is
through the second quarter of 2004, while the forecasted change is
for the third quarter of 2004 through the third quarter of 2005. |
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Metro Area |
Median price |
5-Yr
Price Change |
Forecasted change |
| New
York-New Jersey-Long Island |
347,000 |
81.40% |
7.50% |
| Manasquan
NJ 08736 |
415,000 |
129.80% |
10.00% |
| Lavallette
NJ 08735 |
596,000 |
125.40% |
7.60% |
| Bellport
NY 11713 |
215,000 |
124.90% |
12.10% |
| Belmar NJ
07719 |
325,000 |
124.70% |
8.30% |
| Manorville
NY 11949 |
440,000 |
124.70% |
8.80% |
| Center
Moriches NY 11934 |
321,000 |
124.40% |
11.30% |
| Sea Girt
NJ 08750 |
552,000 |
124.20% |
7.80% |
| Brielle NJ
08730 |
445,000 |
122.80% |
6.90% |
| Mastic
Beach NY 11951 |
198,000 |
121.30% |
12.10% |
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Lindenhurst NY 11757 |
320,000 |
121.00% |
1.90% |
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