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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.