A Record 242 US Cities Have $1 Million Starter Homes

A record 242 U.S. cities now have starter homes valued at $1 million or more. The total count has nearly tripled since February 2020, rising from 80 to 242 today. Here is the breakdown of the top 5 states with the most million-dollar starter home cities: California: 105 cities (up from 52 before the pandemic) New York: 41 cities (up from 12 before the pandemic) New Jersey: 26 cities (up from 1 before the pandemic) Florida: 11 cities (up from 4 before the pandemic) Massachusetts: 10 cities (up from 1 before the pandemic) The pandemic housing boom has reset entry-level affordability, spreading these million-dollar price tags from nine mostly coastal states to 26 states across the country today. While seven-figure entry points are rising rapidly due to inventory deficits in places like the Northeast, they remain the exception to the rule; nationwide, the typical starter home is still worth around $200,000.