Where Million-Dollar Homes Are a Dime a Dozen
July 9, 2018
Cities along the West Coast, unsurprisingly, have some of the priciest homes in the nation. Among the 10 cities with the highest share of homes worth more than $1 million, four are in California: San Jose, San Francisco, Los Angeles, and San Diego, according to a new LendingTree analysis. In these four housing markets, more than 10 percent of homes are valued above $1 million.
LendingTree ranked the top 50 cities with the highest shares of million-dollar–plus homes, and median home values in all the cities exceeds $300,000, with the exception of Miami.
On the other hand, cities in the Rust Belt region dominate the top 10 list of area with the smallest shares of million-dollar homes. These cities have median values below $200,000, with the exception of Hartford, Conn. The town of Buffalo, N.Y., has the lowest share of homes worth more than $1 million, with only one out of every 1,000 homes reaching that mark.
“LendingTree Reveals the Cities With the Highest Share of Million-Dollar Homes,” LendingTree (July 2, 2018)
Updated: December 03, 2021