The world-renowned city of Beverly Hills covers just 5.69 square miles but houses one of the country’s most famous zip codes, 90210. The Beverly Hills real estate scene is also exclusive. From January through May 2011, homes for sale in Beverly Hills had a median price of $2,838,125, and the volume of sales was a whopping $226,469,775, with $29,168,500 of that being sold in May 2011 alone. The average list price of a single family home for sale in the city of Beverly Hills in May 2011 was $3,088,900. With homes in Beverly Hills proper being much in demand, thanks, in part, to an excellent school system, from January through May 2011, 56 homes sold in Beverly Hills, and 148 came onto the market. On average, the homes that sold in Beverly Hills from January through May 2011 were on the market 85 days.
Despite the city’s reputation for exclusive shopping, hotels, and dining establishments, approximately 90% of Beverly Hills is zoned for residential use. In 2010, approximately 62% of the total residential housing were apartments and condominiums, and 37% were single-family home. According to the City of Beverly Hills, only approximately 18% of the units in multi-family buildings were condominiums and 82% were apartments. The California Department of Finance reported the total population of the City of Beverly Hills to be 34,290, as of April 1, 2010, up 15 from the year 2000.
The 2010 U.S. Census of Population and Housing listed the median age of residents of Beverly Hills as 41.5 years old, and 22.8% of the population is under 19 years of age. During the last decade, between 2000 and 2010, the population of the city of Beverly Hills grew only 1%, down from the 5.7% increase over the prior ten years from 1990 and 2000. The census also reported the total number of housing units to be 15,726, with only 1,310 of those units being vacant.
Beverly Hills’ Zip codes 90210, 90211, and 90212 are all served by the superlative Beverly Hills Unified School District, known for its fine education. The four elementary schools (Kindergarten through 8th grade) within the district are Horace Mann, Beverly Vista, Hawthorne, and El Rodeo, with the singular Beverly Hills High School (grades 9 through 12) being the final educational destination for all Beverly Hills students.