The rich aren't getting richer on Fisher Island.
The exclusive island paradise that's been home to the likes of Oprah Winfrey, Ricky Martin and Julia Roberts is feeling the effects of the recession, according to Forbes magazine, which knocked Fisher Island out of its top spot as the most expensive zip code in America.
In fact, Fisher Island is more like a middle-class neighborhood these days compared to other spots in the country if you look at its new ranking of 37th. Fisher Island homes have a median price of just under $2.3 million, almost $2 million less the the new No. 1, Duarte, California.
When the Miami Beach zip code was the most expensive place to set up shop in 2007 and 2008, home prices were routinely $3.8 million and there was a waiting list of stars trying to get in on a home.
But when the South Florida housing market plummeted, so did the values on Fisher Island.
Last year, Forbes dropped it to No. 33 and now celebs trying to ditch their Fisher Island pad can't find a buyer.
On average, homes stay on the market for 410 days before someone bites. It took Oprah a few years to unload her condo and she's Oprah!
But before you rush to organize a caviar food drive to feed the starving residents of Fisher Island, it should be noted the median household income is still among the tops in the country.