Million-Dollar Cities Surge In The U.S.
“Million-Dollar Cities” took even more share in the U.S. as inventory keeps home prices moving up.
There are 550 cities where the typical home value is $1 million or more, up from 491 last year, according to a new Zillow report.
Home prices were depressed some last year as Americans adjusted to rising rates but have rebounded since the beginning of the year, with many metros clocking new record highs.
Most of these affluent areas are in California, which boasts 210 cities, more than the next five states combined.
New York and New Jersey took second and third place, but the NYC metro area – which includes parts of Jersey and Pennsylvania – would take first for most additions. There…
