Saturday, January 18, 2025

Tag: A $1 Million Starter Home Is Now The Norm In 237 American Cities

A $1 Million Starter Home Is Now The Norm In 237 American Cities

by Naveen Athrappully, Activist Post:

Hundreds of cities across the United States now have starter homes priced at $1 million dollars or more, as housing shortages push prices to record highs, according to real estate marketplace Zillow.

The typical starter home—or property in the lowest third of local home values—is worth at least $1 million in 237 cities, Zillow said in a July 25 report.

This is the highest number of cities with million-dollar typical starter homes in U.S. history, up from 84 cities five years ago.

Roughly half of the 237 cities are in California alone, followed on the list by New York, New Jersey, Florida, and Massachusetts.