The US has more million-dollar real estate markets than ever — here are 23 cities where the typical home will be $1 million by next year

Artazum/ShutterstockThe San Francisco metro area has 46 $US1 million cities.
  • Home prices in the United States are still rising, pushing more and more cities into $US1 million territory.
  • Nearly 200 cities had a median home value of at least $US1 million as of June 2018, and another 23 cities are projected to join the seven-figure club by summer 2019.
  • California is home to the most million-dollar real estate markets; it has 111 currently, and is expected to add 14 more cities over the next year.

Nearly two dozen real estate markets are fast-approaching million-dollar territory, according to an August report from Zillow.

Zillow’s data reveals that by June 2019, 23 cities will have median home values of at least $US1 million, joining the 197 US cities where the typical home is already valued at seven-figures. (In these cities, half the homes are valued below $US1 million and half are valued above.)

California and New York are currently home to the most million-dollar real estate markets. The Golden State has a significant edge, with 111 cities that have a median home value of $US1 million or more as of June 2018. The San Francisco metro area has 46 $US1 million cities – the most of any metro in the country. New York state has 30 cities.

Of the 23 new cities to join the million-dollar club by next summer, 14 are in California – all in the San Francisco and Los Angeles metro areas – and three are in New York. And three cities that had a $US1 million median home value before the housing bust in 2006 are set to regain their status by 2019.

Keep reading to find out which cities will soon cross the $US1 million mark.


Biltmore Forest, North Carolina

ShutterstockAsheville, North Carolina.

Metro: Asheville

Median home value, June 2018:$US978,900

Projected median home value, June 2019:$US1,005,018


Newark, California

Eric Fischer/FlickrSalt ponds in Newark, California.

Metro: San Francisco

Median home value, June 2018:$US919,200

Projected median home value, June 2019:$US1,005,404


Sammamish, Washington

Google MapsSammamish, Washington.

Metro: Seattle

Median home value, June 2018: $US945,000

Projected median home value, June 2019:$US1,006,068


Anna Maria, Florida

Google MapsAnna Maria, Florida.

Metro: North Port-Sarasota-Bradenton

Median home value, June 2018:$US964,200

Projected median home value, June 2019:$US1,009,404


Lexington, Massachusetts

Joe Raedle/Getty ImagesLexington, Massachusetts.

Metro: Boston

Median home value, June 2018:$US975,500

Projected median home value, June 2019:$US1,013,900


Brisbane, California

Google Maps screenshotBrisbane, California.

Metro: San Francisco

Median home value, June 2018:$US958,200

Projected median home value, June 2019:$US1,022,569


Bellevue, Washington

Tupungato/ ShutterstockBellevue, Washington.

Metro: Seattle

Median home value, June 2018:$US948,100

Projected median home value, June 2019:$US1,022,917


Roslyn, New York

John Feinberg/FlickrRoslyn, New York.

Metro: New York

Median home value, June 2018: $US964,500

Projected median home value, June 2019:$US1,026,293


Franklin Lakes, New Jersey

Borough of Franklin Lakes/FacebookFranklin Lakes, New Jersey.

Metro: New York

Median home value, June 2018:$US993,400

Projected median home value, June 2019:$US1,027,625


Woodbury, New York

Woodbury Commons Premium Outlets/YelpWoodbury Commons in Woodbury, New York.

Metro: New York

Median home value, June 2018:$US965,800

Projected median home value, June 2019:$US1,029,055


Dana Point, California

D Ramey Logan/Wikimedia CommonsDana Point, California.

Metro: Los Angeles-Long Beach-Anaheim

Median home value, June 2018:$US936,700

Projected median home value, June 2019:$US1,030,556


Belmont, Massachusetts

Wikimedia CommonsTown hall in Belmont, Massachusetts.

Metro: Boston

Median home value, June 2018:$US984,900

Projected median home value, June 2019:$US1,035,244


Fairfax, California

Google MapsDowntown Fairfax, California.

Metro: San Francisco

Median home value, June 2018:$US893,700

Projected median home value, June 2019:$US1,043,621


Seal Beach, California

Monacat/Wikimedia CommonsSeal Beach, California.

Metro: Los Angeles-Long Beach-Anaheim

Median home value, June 2018:$US964,900

Projected median home value, June 2019:$US1,044,530


San Clemente, California

D Ramey Logan/Wikimedia CommonsSan Clemente, California.

Metro: Los Angeles-Long Beach-Anaheim

Median home value, June 2018:$US953,400

Projected median home value, June 2019:$US1,052,136


La Habra Heights, California

Sergei Gussev/FlickrLa Habra Heights, California.

Metro: Los Angeles

Median home value, June 2018:$US982,300

Projected median home value, June 2019:$US1,059,783


Alameda, California

Sanfranman59/Wikimedia CommonsCity hall in Alameda, California.

Metro: San Francisco

Median home value, June 2018:$US996,000

Projected median home value, June 2019:$US1,069,036


Daly City, California

Ian Brown/FlickrSan Francisco Bay Area.

Metro: San Francisco

Median home value, June 2018:$US986,200

Projected median home value, June 2019:$US1,081,408


Broadmoor Village, California

Google MapsA home in Broadmoor, California.

Metro: San Francisco

Median home value, June 2018: $US984,300

Projected median home value, June 2019:$US1,083,404


Los Alamitos, California

Google MapsLos Alamitos, California.

Metro: Los Angeles-Long Beach-Anaheim

Median home value, June 2018:$US988,300

Projected median home value, June 2019:$US1,086,400


East Palo Alto, California

Sundry Photography/ShutterstockPalo Alto, California.

Metro: San Francisco

Median home value, June 2018:$US963,900

Projected median home value, June 2019:$US1,090,864


Morgan Hill, California

Cristiano Tomás/FlickrMorgan Hill, California.

Metro: San Jose

Median home value, June 2018:$US984,800

Projected median home value, June 2019:$US1,107,926


Burbank, California

David Jordan/Wikimedia CommonsBurbank, California.

Metro: San Jose

Median home value, June 2018:$US999,500

Projected median home value, June 2019:$US1,182,061

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.