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No. 3 Most Expensive Small Town: Kings Point, N.Y.

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No. 3 Most Expensive Small Town: Kings Point, N.Y.

Median home value: $2,379,905
YOY price change: +13.5%
Population: 5,132
2010 Rank: NA

This Long Island village, home of the U.S. Merchant Marine Academy, is reputed to be the inspiration for West Egg in F. Scott Fitzgerald's The Great Gatsby (Kings Point even has a road named Gatsby Lane). The area has two main parks: Steppingstone Park, which offers mooring for more than 300 boats, and the 175-acre Kings Point Park. Kings Point was home to Chrysler founder Walter Chrysler, retailer Henri Bendel, and comedian Alan King, according to longislandexchange.com.

See the Zillow Home Value Index for Kings Point, N.Y.