finance
Zillow: 242 U.S. Cities Have Starter Homes at $1 Million or More, Up From 226 Last Year
The number of U.S. cities where entry-level homes cost at least $1 million rose to 242 this year from 226 last year, according to Zillow data.
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U.S. cities now have starter homes priced at $1 million or more. The figure marks an increase from 226 such cities last year. California accounts for 105 of the cities on the list.
New York and New Jersey recorded the fastest growth in the number of million-dollar starter-home markets.
U.S. Starter home is priced at approximately $198,649. Zillow stated that affordability for starter homes remains strained despite slight improvement.
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