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24/7 Wall St.: America’s Most Expensive Neighborhoods

1. 07620

Median list price: $6.70 million
City/town: Alpine, N.J.
Year-over-year change: 41.1%

Alpine residents may feel secure behind their iron-gated entrances, but they did not escape Sandy’s wrath, which knocked out power through much of the town and across Northern New Jersey. Mayor Paul Tomasko reported that the storm damaged many homes, but residents of this ultra-upscale enclave are likely to begin restoration efforts immediately. It’s not surprising that a town with so many celebrities, including Stevie Wonder, Eddie Murphy and Chris Rock, enjoys a very low crime rate. It’s easy to understand the appeal of Alpine, which is located just 15 miles from midtown Manhattan. Median household income in the area’s Tenafly Borough School District, was more than $125,000 in 2010, more than double the U.S. average.

(Getty Images/Neilson Barnard)

More From 24/7 Wall St.:
America’s Most Violent States
States with the Highest (and Lowest) Taxes
13 American Cities Going Broke



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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