Million-dollar homes common in 126 communities

The starting bid on this home in South Florida is $10.5 million, according to the South Florida Business Journal.

G. Scott Thomas Email

Million-dollar homes are commonplace in 126 communities across the nation, ranging from Alamo, Calif., and Alpine, N.J., to Winnetka, Ill., and Yarrow Point, Wash.

The median value of owner-occupied homes in those upscale places is officially listed as $1,000,001, the highest figure acknowledged by the U.S. Census Bureau’s American Community Survey. (Actual values are probably larger in most of the 126 places.)

The following database contains two sets of house valuations for 14,214 cities, towns, villages and census-designated places (CDPs) with populations of 1,000 or more. (CDPs are unincorporated communities that have the characteristics of cities.)

The median is the midpoint, a figure that’s higher than the values of half of all local homes and lower than the other half. The upper quartile is the price ceiling for three-quarters of those same houses.

Use the tabs to isolate the list to a single state and/or first letter of a community’s name. Or ignore the tabs and hit Search to view the entire database at once.

The list is currently sorted by upper quartile values. You can re-sort by clicking the header of any column. Click a second time to reverse the arrow.

Another 173 communities have median home values between $750,000 and $1 million, while 616 places are in the range of $500,000 to $750,000. At the opposite end of the scale are 13 communities with medians of less than $20,000.

All of this week’s editions of On Numbers are focusing on the subject of affluence, culminating in our exclusive national rankings on Friday. (The stories on Monday and Tuesday were about income levels and the concentration of high-income households in the same 14,214 places.)

See all your followed company news on your personalized dashboard.

To access the full benefits of bizWatch and receive a weekly email with aggregated news on all the companies you are following, please provide your email address below.

You must have a bizjournals account to follow a company.
Please Log In or Register.

Open all references in tabs: [1 – 5]