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 The average home now costs over $1M in more US cities than ever

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The average home now costs over $1M in more US cities than ever Vide
PostSubject: The average home now costs over $1M in more US cities than ever    The average home now costs over $1M in more US cities than ever Icon_minitimeMon Feb 21, 2022 12:01 am
A million dollars may sound like a lot of money to spend on a house, but in more US cities than ever, it’s just the average.

The average home now costs over $1M in more US cities than ever Brentwood-tennessee-26

According to a new report by real estate listing platform Zillow, a record-breaking 146 American cities surpassed the million-dollar mark in 2021, the most ever recorded to breach that price point in a single year.

All those freshly minted locals have brought the total recorded number of US cities in which an average crib goes for $1 million or more to 481 total.

To put that number into perspective, 2021 saw the addition of more $1-million cities than the past six years combined, and triple the number added in 2020.

The majority of those cities are in coastal metro areas (San Francisco, New York, Los Angeles, San Jose, Boston, Seattle, Miami, DC, Santa Rosa, California, and Santa Maria-Santa Barbara, California), Zillow reported, but some outliers are in more surprising areas.

These include Idaho, Montana and Tennessee — states that, before 2021, had never had a single city in the million dollar club.

.https://nypost.com/2022/02/18/the-average-home-now-costs-over-1m-in-more-us-cities-than-ever/
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