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

The San Francisco metro area has 46 $1 million cities.

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The San Francisco metro area has 46 $1 million cities.
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Artazum/Shutterstock

  • Home prices in the United States are still rising, pushing more and more cities into $1 million territory.
  • Nearly 200 cities had a median home value of at least $1 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 $1 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 $1 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 $1 million or more as of June 2018. The San Francisco metro area has 46 $1 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 $1 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 $1 million mark.


Biltmore Forest, North Carolina

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Asheville, North Carolina.
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Shutterstock

Metro: Asheville

Median home value, June 2018: $978,900

Projected median home value, June 2019: $1,005,018


Newark, California

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Salt ponds in Newark, California.
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Eric Fischer/Flickr

Metro: San Francisco

Median home value, June 2018: $919,200

Projected median home value, June 2019: $1,005,404


Sammamish, Washington

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Sammamish, Washington.
source
Google Maps

Metro: Seattle

Median home value, June 2018: $945,000

Projected median home value, June 2019: $1,006,068


Anna Maria, Florida

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Anna Maria, Florida.
source
Google Maps

Metro: North Port-Sarasota-Bradenton

Median home value, June 2018: $964,200

Projected median home value, June 2019: $1,009,404


Lexington, Massachusetts

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Lexington, Massachusetts.
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Joe Raedle/Getty Images

Metro: Boston

Median home value, June 2018: $975,500

Projected median home value, June 2019: $1,013,900


Brisbane, California

caption
Brisbane, California.
source
Google Maps screenshot

Metro: San Francisco

Median home value, June 2018: $958,200

Projected median home value, June 2019: $1,022,569


Bellevue, Washington

caption
Bellevue, Washington.
source
Tupungato/ Shutterstock

Metro: Seattle

Median home value, June 2018: $948,100

Projected median home value, June 2019: $1,022,917


Roslyn, New York

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Roslyn, New York.
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John Feinberg/Flickr

Metro: New York

Median home value, June 2018: $964,500

Projected median home value, June 2019: $1,026,293


Franklin Lakes, New Jersey

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Franklin Lakes, New Jersey.
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Borough of Franklin Lakes/Facebook

Metro: New York

Median home value, June 2018: $993,400

Projected median home value, June 2019: $1,027,625


Woodbury, New York

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

Metro: New York

Median home value, June 2018: $965,800

Projected median home value, June 2019: $1,029,055


Dana Point, California

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Dana Point, California.
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D Ramey Logan/Wikimedia Commons

Metro: Los Angeles-Long Beach-Anaheim

Median home value, June 2018: $936,700

Projected median home value, June 2019: $1,030,556


Belmont, Massachusetts

caption
Town hall in Belmont, Massachusetts.
source
Wikimedia Commons

Metro: Boston

Median home value, June 2018: $984,900

Projected median home value, June 2019: $1,035,244


Fairfax, California

caption
Downtown Fairfax, California.
source
Google Maps

Metro: San Francisco

Median home value, June 2018: $893,700

Projected median home value, June 2019: $1,043,621


Seal Beach, California

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Seal Beach, California.
source
Monacat/Wikimedia Commons

Metro: Los Angeles-Long Beach-Anaheim

Median home value, June 2018: $964,900

Projected median home value, June 2019: $1,044,530


San Clemente, California

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San Clemente, California.
source
D Ramey Logan/Wikimedia Commons

Metro: Los Angeles-Long Beach-Anaheim

Median home value, June 2018: $953,400

Projected median home value, June 2019: $1,052,136


La Habra Heights, California

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La Habra Heights, California.
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Sergei Gussev/Flickr

Metro: Los Angeles

Median home value, June 2018: $982,300

Projected median home value, June 2019: $1,059,783


Alameda, California

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City hall in Alameda, California.
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Sanfranman59/Wikimedia Commons

Metro: San Francisco

Median home value, June 2018: $996,000

Projected median home value, June 2019: $1,069,036


Daly City, California

caption
San Francisco Bay Area.
source
Ian Brown/Flickr

Metro: San Francisco

Median home value, June 2018: $986,200

Projected median home value, June 2019: $1,081,408


Broadmoor Village, California

caption
A home in Broadmoor, California.
source
Google Maps

Metro: San Francisco

Median home value, June 2018: $984,300

Projected median home value, June 2019: $1,083,404


Los Alamitos, California

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Los Alamitos, California.
source
Google Maps

Metro: Los Angeles-Long Beach-Anaheim

Median home value, June 2018: $988,300

Projected median home value, June 2019: $1,086,400


East Palo Alto, California

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Palo Alto, California.
source
Sundry Photography/Shutterstock

Metro: San Francisco

Median home value, June 2018: $963,900

Projected median home value, June 2019: $1,090,864


Morgan Hill, California

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Morgan Hill, California.
source
Cristiano Tomás/Flickr

Metro: San Jose

Median home value, June 2018: $984,800

Projected median home value, June 2019: $1,107,926


Burbank, California

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Burbank, California.
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David Jordan/Wikimedia Commons

Metro: San Jose

Median home value, June 2018: $999,500

Projected median home value, June 2019: $1,182,061