A $1 million starter home? It's the norm in 237 cities
The number of cities with 'million-dollar' starter homes has nearly tripled since 2019
- The number of cities where a starter home is worth
$1 million or more has grown from 84 five years ago to 237 today. - Nearly half of these cities with "million-dollar" starter homes are in
California . - The typical starter home nationwide is worth less than
$200,000 .
The typical "starter home" — defined for this analysis as being among those in the lowest third of home values in a given region — is worth at least
Nationwide, the typical starter home is worth
"Home buyers are battling affordability and availability today. So much so that
Exactly half of all states have at least one city with a typical starter home worth
Among metropolitan areas, the
Markets with the most-restrictive building regulations tend to have more cities with
First-time buyers shopping for a
Zillow also has rental listings for single-family homes, apartments and even individual rooms for those who are not yet ready to jump into homeownership.
State |
Cities with Million-Dollar |
Cities with Million-Dollar |
Cities with Million-Dollar |
|
117 |
98 |
53 |
|
31 |
26 |
13 |
|
21 |
15 |
2 |
|
11 |
10 |
4 |
|
11 |
9 |
0 |
|
8 |
8 |
5 |
|
7 |
6 |
1 |
|
5 |
4 |
1 |
|
4 |
2 |
0 |
|
3 |
3 |
1 |
|
3 |
1 |
0 |
|
2 |
2 |
1 |
|
2 |
2 |
1 |
|
1 |
1 |
1 |
|
1 |
1 |
1 |
|
1 |
1 |
0 |
|
1 |
1 |
0 |
|
1 |
1 |
0 |
|
1 |
1 |
0 |
|
1 |
1 |
0 |
|
1 |
1 |
0 |
|
1 |
1 |
0 |
|
1 |
0 |
0 |
|
1 |
0 |
0 |
|
1 |
0 |
0 |
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SOURCE Zillow