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Zillow: 242 U.S. Cities Now Have Starter Homes Worth $1 Million or More
Zillow data shows the number of U.S. cities where entry-level homes reach $1 million has nearly tripled since 2020. The finding covers homes ranked in the lowest third of values by region.
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U.S. cities now have starter homes valued at $1 million or higher. The number marks nearly three times the total recorded in 2020. Zillow defines a starter home as a property ranked in the lowest third of home values within its region.
CBS News MoneyWatch reporter Megan Cerullo presented the findings. The company said the increase reflects broader shifts in regional housing markets across the country.
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