Want to buy a home in the Valley's swankiest neighborhoods? Here's what you need to earn

If you want to live in Arizona’s most exclusive ZIP code, you better bring home a lot of dollar bills.

Paradise Valley 85253 is the only ZIP in the state with a median home value north of $1 million, according to data compiled by Zillow Group (Nasdaq: Z). To live there, one must earn nearly $300,000 a year, according to a Business Journals analysis of home-value data and mortgage rates in more than 15,000 ZIP codes nationally.

The analysis determined each neighborhood’s minimum salary threshold…

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