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Just looked at the latest data on richest towns in the US and some interesting patterns are emerging. Scarsdale, New York is holding its #1 spot for the second year running with average household income around $601k, but what caught my attention is how much California is dominating the wealthiest suburbs list now - 17 out of the top 50 are in California.
What's wild is that some suburbs are seeing massive home value jumps. Dix Hills, New York saw homes jump 13.3% year-over-year, and Ridgewood, New Jersey is up 7.7%. Meanwhile, some of the richest towns in the US like Palm Beach, Florida are actually seeing home values dip slightly, down 2.3%. Guess even the ultra-wealthy are being selective right now.
Texas is also making a strong play - five suburbs in the top 50, with three cracking the top 10. West University Place near Houston is #3, University Park near Dallas is #6, and Southlake jumped from #13 last year to #7 this year. Southlake's income grew 2.8% year-over-year, so clearly something's working there.
The richest towns in the US seem to cluster around major metros - you've got the New York suburbs like Rye and Scarsdale, the Bay Area suburbs like Los Altos and Alamo, and then the Texas metros. Average household incomes in the top spots are hitting $380-600k range, which is pretty wild. What's your take - are these the places to watch for real estate appreciation, or is the market getting saturated?