Richard Stein – Realtor®, Douglas Elliman, GREEN, SFR, CBR, eCertified®

Local Agent, Worldwide Marketing – Douglas Elliman Real Estate formerly Prudential Douglas Elliman Real Estate

Where Million-Dollar Homes Are a Dime a Dozen

High-end home with pool

© Steve Sparrow – Cultura/Getty Images

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.

LendingTree highest millionaires chart. Visit source link at the end of the article for full text.

© LendingTree

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.

1807_LendingTree lowest millionaires chart. Visit source link at the end of the article for full text.

© LendingTree

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