Published 07/28/2024 2:49:00 p.m.

Number of cities with million-dollar starter homes has tripled since 2019

A typical starter home costs at least $1 million in 237 U.S. Cities, the highest number ever recorded, according to a Zillow® analysis.
The New York City metro area has the most cities with million-dollar starter homes at 48, followed by San Francisco with 44.
Orphe Divounguy, a senior economist at Zillow, stated, "Home buyers are battling affordability... $1 million is the norm for a starter home in hundreds of cities.

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Benzinga

A $1 million starter home? It's the norm in 237 cities

The number of cities with 'million-dollar' starter homes has nearly tripled since 2019 The number of cities where a starter home is worth $1 million or more has grown from 84 five years ago to 237 today. Nearly half of these cities with "million-dollar" starter homes are in California. The typical starter home nationwide is worth less than $200,000. SEATTLE, July 25, 2024 /PRNewswire/ -- A million-dollar price tag no longer means lavish and lu…

07/25/2024 8:03:00 a.m.·New York, United States

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Bloomberg

Starter Home Prices Top $1 Million in More Than 200 US Cities

First-time buyers are having to contend with seven-figure home prices amid low inventory and high borrowing costs.

07/25/2024 3:49:43 p.m.·United States

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Business Insider

Starter homes cost more than $1 million in a record 237 cities

AP Photo/M. Spencer GreenTypical starter homes are worth at least $1 million in a record 237 US cities, Zillow reported.Starter-home prices have appreciated faster than the average property, the firm said.Nearly half of these cities are in California, with New York and New Jersey also heavily represented.A record number of US cities now have typical starter homes worth at least $1 million, Zillow reported.On average, homebuyers can find seven-fi…

07/26/2024 1:26:53 p.m.·United States

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abc 7 LA

$1 million starter home? It's the norm in 237 cities, according to Zillow

According to a recent study from Zillow, the typical "starter home" is worth at least $1 million in 237 cities, the highest number of cities ever. Plus, almost half of those cities are in California.

07/27/2024 3:46:13 a.m.·Los Angeles, United States

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OC Register

$1 million starter home is normal in 237 US cities

Seven-figure price tags have nearly tripled in the past five years, according to new research.

07/26/2024 1:33:04 p.m.·Orange County, United States

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KRQE News 13

'Starter homes' cost over $1 million in 237 US cities

(NewsNation) — A million dollars used to feel like a lot of money, but nowadays, it's barely enough for a "starter home" in more than 200 U.S. cities, according to new research. An analysis by Zillow found that the typical "starter home" now costs $1 million or more in a record 237 cities, up from 84 cities in 2019. It's a surge that underscores the affordability crisis millions of Americans are facing in today's housing market. "The number of p…

07/27/2024 12:31:07 a.m.·Albuquerque, United States

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