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Business Week Magazine, along with Zillow.com, has picked the 34 towns in the U.S. with the highest home values -- called "the most expensive small towns in the U.S." The towns have populations of fewer than 10,000 people, and there is only one town per metro area (otherwise, most of them would be in the New York, Los Angeles and San Francisco metro areas.) Rancho Santa Fe comes in 12th of the 34 towns. According to Business Week, it has a median home sales price of $1.82 million and median household income of $200,000. It is called a "bedroom community of San Diego."

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