The 22 American cities with the most million-dollar homes

Luciano Mortula – LGM/ShutterstockCalifornia has the top three cities with properties over $US1 million.
  • Million-dollar homes are most likely to be found on the East or West coasts of America.
  • LendingTree collected real estate data from more than 155 million properties across the United States to calculate which cities have the highest concentration of homes worth $US1 million and up.
  • Four cities in California have more than 10% of homes valued over $US1 million.

America’s coasts are bursting with million-dollar homes.

To pinpoint exactly where million-dollar homes are located – and how close they are to each other – LendingTree collected real estate data for more than 155 million properties in the United States. The home values are based on public taxes, deeds, mortgages, foreclosure data, and proprietary local data.

LendingTree then calculated the concentration of million-dollar homes in each city by dividing the number of homes valued at $US1 million or higher by the total number of homes in the statistical area, according to the report.

The data shows that expensive properties are more likely to be on the coasts than inland America with the exception of Denver, Colorado. California is home to the top three spots with the most million-dollar homes, thanks in part to the high concentration of startups and tech giants in the area. Four cities in California have more than 10% of homes valued over $US1 million, and San Jose is the only place where the median home value (among all homes) is above $US1 million.

Below, check out which US cities have the highest share of million-dollar homes in America.


22. Charlotte, North Carolina

SergeevDen/Shutterstock

Per cent of million-dollar homes: 1.02%

Median value of homes: $US187,000

Median value of million-dollar homes: $US1,295,000


21. Baltimore, Maryland

Jon Bilous/Shutterstock

Per cent of million-dollar homes: 1.07%

Median value of homes: $US270,000

Median value of million-dollar homes: $US1,214,000


20. Riverside, California

sirtravelalot/Shutterstock

Per cent of million-dollar homes: 1.12%

Median value of homes: $US332,000

Median value of million-dollar homes: $US1,339,000


19. Chicago, Illinois

Thomas Barrat/Shutterstock

Per cent of million-dollar homes: 1.30%

Median value of homes: $US223,000

Median value of million-dollar homes: $US1,231,000


18. Dallas, Texas

Ceri Breeze/Shutterstock

Per cent of million-dollar homes: 1.31%

Median value of homes: $US213,000

Median value of million-dollar homes: $US1,395,000


17. Providence, Rhode Island

Jon Bilous/Shutterstock

Per cent of million-dollar homes: 1.32%

Median value of homes: $US266,000

Median value of million-dollar homes: $US1,340,000


16. Phoenix, Arizona

You Touch Pix of EuToch/Shutterstock

Per cent of million-dollar homes: 1.51%

Median value of homes: $US242,000

Median value of million-dollar homes: $US1,368,000


15. Nashville, Tennessee

David Blunk/Shutterstock

Per cent of million-dollar homes: 1.52%

Median value of homes: $US235,000

Median value of million-dollar homes: $US1,283,000


14. Houston, Texas

Fotoluminate LLC/Shutterstock

Per cent of million-dollar homes: 1.52%

Median value of homes: $US192,000

Median value of million-dollar homes: $US1,401,000


13. Sacramento, California

Chris Allan/Shutterstock

Per cent of million-dollar homes: 1.72%

Median value of homes: $US378,000

Median value of million-dollar homes: $US1,239,000


12. Portland, Oregon

Maks Ershov/Shutterstock

Per cent of million-dollar homes: 1.95%

Median value of homes: $US378,000

Median value of million-dollar homes: $US1,237,000


11. Austin, Texas

Roschetzky Photography

Per cent of million-dollar homes: 2.16%

Median value of homes: $US282,000

Median value of million-dollar homes: $US1,310,000


10. Denver, Colorado

EdgeOfReason/Shutterstock

Per cent of million-dollar homes: 2.65%

Median value of homes: $US391,000

Median value of million-dollar homes: $US1,232,000


9. Miami, Florida

meunierd/Shutterstock

Per cent of million-dollar homes: 3.79%

Median value of homes: $US267,000

Median value of million-dollar homes: $US1,454,000


8. Washington, D.C.

Andrei Medvedev/Shutterstock

Per cent of million-dollar homes: 5.27%

Median value of homes: $US395,000

Median value of million-dollar homes: $US1,254,000


7. Boston, Massachusetts

Jorge Salcedo/Shutterstock

Per cent of million-dollar homes: 7.95%

Median value of homes: $US459,000

Median value of million-dollar homes: $US1,329,000


6. Seattle, Washington

alabn/Shutterstock

Per cent of million-dollar homes: 9.90%

Median value of homes: $US461,000

Median value of million-dollar homes: $US1,269,000


5. San Diego, California

Vacclav/Shutterstock

Per cent of million-dollar homes: 10.55%

Median value of homes: $US563,000

Median value of million-dollar homes: $US1,384,000


4. New York, New York

Felix Lipov/Shutterstock

Per cent of million-dollar homes: 11.81$

Median value of homes: $US454,000

Median value of million-dollar homes: $US1,384,000


3. Los Angeles, California

divanov/Shutterstock

Per cent of million-dollar homes: 17.23%

Median value of homes: $US622,000

Median value of million-dollar homes: $US1,419,000


2. San Francisco, California

Andrew Zarivny/Shutterstock

Per cent of million-dollar homes: 40.03%

Median value of homes: $US891,000

Median value of million-dollar homes: $US1,409,000


1. San Jose, California

Krista Abel/Shutterstock

Per cent of million-dollar homes: 53.81%

Median value of homes: $US1,069,000

Median value of million-dollar homes: $US1,505,000

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