America's 50 Most Expensive Small Town 2011
Small Towns, Big Money By Venessa Wong Rich people may like to travel, but like everyone else they want to keep their daily commute as short as possible. So when it comes to buying a home, they want to be close to work, and because they're rich they can pretty much be where they like. But they also like safe neighborhoods, good schools, pretty views, and, if possible, access to beaches and country clubs. Small wonder then that those towns which offer all the above and are nearest to the crossroads of money and power are among the priciest in the nation. Of course, sometimes the reverse is true. The very rich also tend to have at least one second home, so the places where they gravitate—the Hamptons, Martha's Vineyard, Palm Beach—may be chosen for their distance from the office. Businessweek.com worked with real estate website Zillow.com to rank the most expensive small towns around the country based on their median home value. A total of 4,624 places with populations less tha...