<p>A record 146 U.S. cities became new &#8220;million-dollar cities&#8221; in 2021, according to real estate website Zillow. There are now 481 cities in which the typical home value is at least <span class="xn-money">$1 million</span>. Nearly half are in California. If current rates of appreciation hold, 49 more could join the <span class="xn-money">$1 million</span> club by midyear.</p>
<p>The number of cities that crossed the <span class="xn-money">$1 million</span> threshold in 2021 is almost triple that of cities reaching those heights in 2020, underscoring a <u>record-setting year of home appreciation</u> that saw the typical U.S. home gain 19.6% in value.</p>
<p>The majority of million-dollar cities are clustered within a few large coastal regions; the <span class="xn-location">San Francisco</span> and <span class="xn-location">New York</span> metro areas lead the way with <span class="xn-money">76 million-dollar</span> cities each. The <span class="xn-location">Los Angeles</span> metro is third with 57 cities, and <span class="xn-location">San Jose</span> is fourth with 22. In total, 60% of all million-dollar cities lie within eight metro areas, and almost half (44%) are in <span class="xn-location">California</span>.</p>
<p>&#8220;The surge in demand for housing last year sent home values skyrocketing, even in places where prices already were sky-high, and that helped tip a record number of cities into the million-dollar club,&#8221; said <span class="xn-person">Jeff Tucker</span>, Zillow senior economist. &#8220;The locations of these newly seven-figure towns bust the myth that everyone fled <span class="xn-location">California</span> and the Northeast last year, as <span class="xn-location">California</span>, <span class="xn-location">Massachusetts</span> and <span class="xn-location">New York</span> led the pack for the most new cities with home values above <span class="xn-money">$1 million</span>. Still, we&#8217;re seeing how the geography of wealth in the U.S. has begun to shift, as 2021 was the first year for both <span class="xn-location">Idaho</span> and <span class="xn-location">Montana</span> to place any cities on this list, and now those Western states boast <span class="xn-money">three million-dollar</span> cities each.&#8221;</p>
<p>Indian Creek, <span class="xn-location">FL</span>, an exclusive 300-acre island in Biscayne Bay in <span class="xn-location">Miami</span>, is the most expensive city in the country, with a typical home value of around <span class="xn-money">$28.3 million</span>. The city has a total population of fewer than 100 residents, including a handful of high-profile celebrities such as <span class="xn-person">Tom Brady</span> and Gisele Bündchen. In the No. 2 spot is <span class="xn-location">Atherton</span>, a small town on the <span class="xn-location">San Francisco Peninsula</span> where the typical home value sits around <span class="xn-money">$7.7 million</span>. <span class="xn-location">Hunts Point, Washington</span>; <span class="xn-location">Jupiter Island, Florida</span>; and <span class="xn-location">Sagaponack, New York</span> fill out the top five, with typical home values of roughly <span class="xn-money">$6 million</span> each.</p>
<p>&#8220;With such sharp increases in home prices over the last year, we&#8217;re seeing tons of demand come from current homeowners who&#8217;ve decided to tap into their home equity to move up into their dream home,&#8221; said <span class="xn-person">Erik Throm</span>, an agent with Fast Real Estate in <span class="xn-location">San Francisco</span>. &#8220;But even expensive homes are moving quickly in this market, and shoppers should be prepared with a <u>pre-qualification letter</u> and the help of a trusted local agent who knows the pros and cons of their specific neighborhood and how to structure a winning bid that still protects a buyer in an incredibly competitive and high-priced market. &#8221;</p>
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<p class="prnews_p dnr"><span class="prnews_span"><b>Metros with the Most $1 Million Cities (December 2021)</b></span></p>
</td>
</tr>
<tr>
<td class="prnsbts prnrbrs prnvab prnsbbs prnpl6 prnsbls prnpr6">
<p class="prnews_p dnr"><span class="prnews_span"><b>Metro</b></span></p>
</td>
<td class="prnsbts prnrbrs prnsbbs prntal prnpl6 prnsbl1 prnpr6">
<p class="prnews_p dnr"><span class="prnews_span"><b>Number of $1 Million Cities</b></span></p>
</td>
</tr>
<tr>
<td class="prnsbt1 prnrbrs prnvab prnsbbs prntar prnpl6 prnsbls prnpr6"></td>
<td class="prngen6"></td>
</tr>
<tr>
<td class="prngen7">
<p class="prnews_p dnr"><span class="prnews_span">New York, New York</span></p>
</td>
<td class="prngen6">
<p class="prnews_p dnr"><span class="prnews_span">76</span></p>
</td>
</tr>
<tr>
<td class="prngen7">
<p class="prnews_p dnr"><span class="prnews_span">San Francisco, California</span></p>
</td>
<td class="prngen6">
<p class="prnews_p dnr"><span class="prnews_span">76</span></p>
</td>
</tr>
<tr>
<td class="prngen7">
<p class="prnews_p dnr"><span class="prnews_span">Los Angeles, California</span></p>
</td>
<td class="prngen6">
<p class="prnews_p dnr"><span class="prnews_span">57</span></p>
</td>
</tr>
<tr>
<td class="prngen7">
<p class="prnews_p dnr"><span class="prnews_span">San Jose, California</span></p>
</td>
<td class="prngen6">
<p class="prnews_p dnr"><span class="prnews_span">22</span></p>
</td>
</tr>
<tr>
<td class="prngen7">
<p class="prnews_p dnr"><span class="prnews_span">Boston, Massachusetts</span></p>
</td>
<td class="prngen6">
<p class="prnews_p dnr"><span class="prnews_span">18</span></p>
</td>
</tr>
<tr>
<td class="prngen7">
<p class="prnews_p dnr"><span class="prnews_span">Seattle, Washington</span></p>
</td>
<td class="prngen6">
<p class="prnews_p dnr"><span class="prnews_span">16</span></p>
</td>
</tr>
<tr>
<td class="prngen7">
<p class="prnews_p dnr"><span class="prnews_span">Miami, Florida</span></p>
</td>
<td class="prngen6">
<p class="prnews_p dnr"><span class="prnews_span">14</span></p>
</td>
</tr>
<tr>
<td class="prngen7">
<p class="prnews_p dnr"><span class="prnews_span">Washington, D.C.</span></p>
</td>
<td class="prngen6">
<p class="prnews_p dnr"><span class="prnews_span">11</span></p>
</td>
</tr>
<tr>
<td class="prngen7">
<p class="prnews_p dnr"><span class="prnews_span">Santa Maria–Santa Barbara, California</span></p>
</td>
<td class="prngen6">
<p class="prnews_p dnr"><span class="prnews_span">9</span></p>
</td>
</tr>
<tr>
<td class="prngen7">
<p class="prnews_p dnr"><span class="prnews_span">Santa Rosa, California</span></p>
</td>
<td class="prngen6">
<p class="prnews_p dnr"><span class="prnews_span">9</span></p>
</td>
</tr>
</tbody>
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</div>
</div>
</div>
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<div class="table-responsive">
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<tbody>
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<td class="prngen2" colspan="3">
<p class="prnews_p dnr"><span class="prnews_span"><b>Growth of $1 Million Cities</b></span></p>
</td>
</tr>
<tr>
<td class="prnsbts prnrbrs prnvab prnsbbs prntal prnpl6 prnsbls prnpr6"></td>
<td class="prngen9"></td>
<td class="prngen9"></td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span"><b>Year</b></span></p>
</td>
<td class="prngen11" >
<p class="prnews_p dnr"><span class="prnews_span"><b>Total Number of $1 Million<br class="dnr" />Cities</b></span></p>
</td>
<td class="prngen11" >
<p class="prnews_p dnr"><span class="prnews_span"><b>Number of Net New $1 Million<br class="dnr" />Cities</b></span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">2021</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">481</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">145</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">2020</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">336</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">51</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">2019</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">285</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">-7</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">2018</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">292</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">20</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">2017</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">272</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">38</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">2016</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">234</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">17</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">2015</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">217</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">16</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">2014</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">201</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">22</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">2013</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">179</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">40</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">2012</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">139</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">13</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">2011</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">126</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">-16</span></p>
</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
<div>
<div class="divOverflow">
<div class="table-responsive">
<table id="convertedTable4249" class="prngen1" border="0" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td class="prngen2" colspan="4">
<p class="prnews_p dnr"><span class="prnews_span"><b>Top 10 Most Expensive Cities</b></span></p>
</td>
</tr>
<tr>
<td class="prnsbts prnrbrs prnvat prnsbbs prntal prnpl6 prnsbls prnpr6">
<p class="prnews_p dnr"><span class="prnews_span"><b>2021</b></span></p>
</td>
<td class="prngen13" >
<p class="prnews_p dnr"><span class="prnews_span"><b>2021 Typical Home<br class="dnr" />Value</b></span></p>
</td>
<td class="prngen13">
<p class="prnews_p dnr"><span class="prnews_span"><b>2011</b></span></p>
</td>
<td class="prngen13" >
<p class="prnews_p dnr"><span class="prnews_span"><b>2011 Typical Home<br class="dnr" />Value</b></span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">1. Indian Creek, Florida</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$28,326,518</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">Indian Creek, Florida</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$15,558,572</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">2. Atherton, California</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$7,698,328</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">Atheron, California</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$3,827,781</span></p>
</td>
</tr>
<tr>
<td class="prngen10" >
<p class="prnews_p dnr"><span class="prnews_span">3. Hunts Point, Washington</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$7,013,823</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">Jupiter Island, Florida</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$3,101,817</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">4. Jupiter Island, Florida</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$6,852,623</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">Sagaponack, New York</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$3,073,341</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">5. Sagaponack, New York</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$5,957,385</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">Belvedere, California</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$2,824,324</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">6. Hillsborough, California</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$5,369,777</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">Hunts Point, Washington</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$2,567,069</span></p>
</td>
</tr>
<tr>
<td class="prngen10" >
<p class="prnews_p dnr"><span class="prnews_span">7. Los Altos Hills, California</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$5,250,550</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">Hillsborough, California</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$2,552,220</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">8. Golden Beach, Florida</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$5,178,527</span></p>
</td>
<td class="prngen11" >
<p class="prnews_p dnr"><span class="prnews_span">Los Altos Hills, California</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$2,497,842</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">9. Belleair Shore, Florida</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$4,966,651</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">Montecito, California</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$2,424,874</span></p>
</td>
</tr>
<tr>
<td class="prngen10">
<p class="prnews_p dnr"><span class="prnews_span">10. Belvedere, California</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$4,689,895</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">Golden Beach, Florida</span></p>
</td>
<td class="prngen11">
<p class="prnews_p dnr"><span class="prnews_span">$2,364,450</span></p>
</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>

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