Exploring the Top 10 States With the Most Coveted $1 Million Residences
In the ever-changing real estate landscape, the attraction of million-dollar mansions represents distinction, luxury, and exclusive living. As housing markets change and economic landscapes vary, the predominance of million-dollar residences serves as a barometer of affluence and demand in various parts of the United States.
In this research, we will dig into the realms of wealth and grandeur, revealing the top 10 states with the most wanted $1 million residences. Join us on a tour of luxury real estate, from enormous estates set in stunning surroundings to modern urban penthouses with panoramic views.
1. California
- The number of $1 million cities is 210.
- Percentage of residences worth $1 million or more: 23.1%
San Francisco, San Jose, Anaheim, Oakland, San Diego, and Los Angeles all have a high percentage of $1 million residences. According to Visual Capitalist, in 2023, 81% of San Francisco residences were worth $1 million or more.
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2. New York
- Number of $1 million cities: 66.
- Percentage of residences worth $1 million or more: 9.1%
Sagaponack, Water Mill, Bridgehampton, New York, and Amagansett are the most expensive communities in the state.
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3. New Jersey
- Number of $1 million cities: 49.
- Percentage of residences worth $1 million or more: 4.6%
New Jersey’s most costly cities include Hoboken, Jackson, Jersey City, Lakewood, and Brick.
4. Florida
- The number of $1 million cities is 32.
- Percentage of residences worth $1 million or more: 3.5%
Florida’s most costly cities include Fort Lauderdale, Miami, Cape Coral, Fort Myers, and Sarasota.
5. Massachusetts
- The number of $1 million cities is 31.
- Percentage of residences worth $1 million or more: 9.0%
Boston, Cambridge, Newton, and Vineyard Haven are all residential areas with many million-dollar residences.
6. Colorado
- The number of $1 million cities is 21.
- Percentage of residences worth $1 million or more: 7.4%
Cherry Hills Village, Aspen, Mountain Village, Bow Mar, and Edwards are among Colorado’s most costly destinations.
7. Hawaii
- There are 17 cities worth $1 million.
- Percentage of residences worth $1 million or more: 22.9%
Hanalei, Puako, Haleiwa, Kailua, and Laie are Hawaii’s most costly destinations.
8. Texas
- There are 14 cities worth $1 million.
- Percentage of residences worth $1 million or more: 2.5%
The wealthiest homes can be found in Lubbock, Corpus Christi, Fort Worth, San Antonio, and El Paso.
9. Maryland
- Number of $1 million cities: 10
- Percentage of residences worth $1 million or more: 4.4%
The wealthiest residences in Maryland can be found in Chevy Chase, Potomac, Cabin John, Bethesda, and Royal Oak.
10. Virginia
- Number of $1 million cities: 7
- Percentage of residences worth $1 million or more: 4.5%
Great Falls, McLean, Upperville, Waterford, and Dunn Loring are home to some of the state’s most costly residences.
Final Words
In the world of real estate, million-dollar mansions are a sign of prestige and luxury. Our investigation of the top ten states with the most wanted $1 million homes reveals a scenario in which richness meets exclusivity. From the bustling streets of California to the tranquil shores of Hawaii, these states have communities embellished with huge estates and urban penthouses, exemplifying the pinnacle of luxury living in America.