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  1. Housing
  2. Home Prices

The Typical Home in These 23 Cities Will Top $1 Million for the First Time Next Year

By:
Brad Tuttle
4 min read
Seal Beach, California, in Orange County just south of Los Angeles. - delray77—Getty Images
Seal Beach, California, in Orange County just south of Los Angeles. delray77—Getty Images

The $1 million home is increasingly becoming the standard around the U.S. — especially in suburbs of big coastal cities like New York, Los Angeles, and San Francisco.

The number of cities where the median home value tops $1 million has doubled over the past five years, according to a new study from the real estate site Zillow.com. The website's data indicates that 197 towns now have median home values of $1 million or higher, and it forecasts that by June 2019, 23 more communities will be added to the list.

As you might guess, the cities likely to join the $1 million home club lean heavily toward the coasts: 14 out of the 23 are in California alone. In general, the communities with median home values over $1 million "tend to be affluent and exclusive suburbs in communities adjacent to finance and tech hubs," Zillow says.

Here are the 23 cities with median home values that Zillow projects will cross the $1 million threshold by next year:

Biltmore Forest, North Carolina

Median Home Value June 2018: $978,900
Median Home Value June 2019: $1,005,018

Newark, California

Median Home Value June 2018: $919,200
Median Home Value June 2019: $1,005,404

Sammamish, Washington

Median Home Value June 2018: $945,000
Median Home Value June 2019: $1,006,068

Anna Maria, Florida

Median Home Value June 2018: $964,200
Median Home Value June 2019: $1,009,404

Lexington, Massachusetts

Median Home Value June 2018: $975,500
Median Home Value June 2019: $1,013,900

Brisbane, California

Median Home Value June 2018: $958,200
Median Home Value June 2019: $1,022,569

Bellevue, Washington

Median Home Value June 2018: $948,100
Median Home Value June 2019: $1,022,917

Roslyn, New York

Median Home Value June 2018: $964,500
Median Home Value June 2019: $1,026,293

Franklin Lakes, N.J.

Median Home Value June 2018: $993,400
Median Home Value June 2019: $1,027,625

Woodbury, New York

Median Home Value June 2018: $965,800
Median Home Value June 2019: $1,029,055

Dana Point, California

Median Home Value June 2018: $936,700
Median Home Value June 2019: $1,030,556

Belmont, Massachusetts

Median Home Value June 2018: $984,900
Median Home Value June 2019: $1,035,244

Fairfax, California

Median Home Value June 2018: $893,700
Median Home Value June 2019: $1,043,621

Seal Beach, California

Median Home Value June 2018: $964,900
Median Home Value June 2019: $1,044,530

San Clemente, California

Median Home Value June 2018: $953,400
Median Home Value June 2019: $1,052,136

La Habra Heights, California

Median Home Value June 2018: $982,300
Median Home Value June 2019: $1,059,783

Alameda, California

Median Home Value June 2018: $996,000
Median Home Value June 2019: $1,069,036

Daly City, California

Median Home Value June 2018: $986,200
Median Home Value June 2019: $1,081,408

Broadmoor Village, California

Median Home Value June 2018: $984,300
Median Home Value June 2019: $1,083,404

Los Alamitos, California

Median Home Value June 2018: $988,300
Median Home Value June 2019: $1,086,400

East Palo Alto, California

Median Home Value June 2018: $963,900
Median Home Value June 2019: $1,090,864

Morgan Hill, California

Median Home Value June 2018: $984,800
Median Home Value June 2019: $1,107,926

Burbank, California

Median Home Value June 2018: $999,500
Median Home Value June 2019: $1,182,061

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