With home values rising across the country, $1 million doesn’t buy you what it used to. In fact, in some states, more than 10 percent of all homes are worth $1 million or more.
Here are the states that have the highest percentage of $1 million homes, and an example of what you can get for $1 million in each.
There are lots of big-money abodes packed into this tiny state. Of 283,239 homes, 7,206 are worth more than $1 million.
This cedar-shake 3-bedroom at 92 Coggeshall Ave in Newport is newly-renovated and listed for just under $1 million.
See more homes for sale in Rhode Island.
Washington state has 44,995 homes valued at more than $1 million. This tudor at 4133 42nd Ave NE in a desirable Seattle neighborhood has 4 bedrooms, 3 bathrooms and 2,890 square feet. It is on the market for $1,050,000.
See more homes for sale in Washington.
In Colorado, 2.5 percent of all the homes are valued at more than $1 million. That will get you a pretty nice home on the range, or this house, in the city, at 7305 E 5th Ave Pkwy in Denver, for $989,000.
See more homes for sale in Colorado.
The Garden State has nearly 100,000 million-dollar homes, up from just 63,499 at the height of the recession. This one at 15 Ramsey Road in Montclair has a turret and an indoor pool, and is listed for $998,000.
See homes for sale in New Jersey.
Connecticut is a popular haven for high-dollar homes, with 50,436 worth more than $1 million. This classic colonial home at 148 Wellington Dr in Fairfield is for sale for $999,000.
See homes for sale in Connecticut.
Massachusetts has 1,809,490 homes, and 63,256 are valued at more than $1 million. This home on the waterfront at 95 Pitman Rd in Marblehead overlooks Salem Harbor. It’s listed for $1,019,900.
See homes for sale in Massachusetts.
It’s easy to spend $1 million in New York, where 7.7 percent of all homes are valued in the seven figures. This apartment at 259 W 4th St Apt 23 in Manhattan’s West Village is for sale for $989,000.
See homes for sale in New York.
The nation’s capital has just 156,252 homes, and more than 10,000 of them are valued at $1 million or more. This brick townhouse listed for $969,000 at 4424 Westover Pl NW is within walking distance of shops and restaurants.
See homes for sale in the District of Columbia.
California, with 8,971,311 housing units, has some of the country’s most expensive markets in its borders. Its rate of $1 million homes, not surprisingly, is 10.6 percent. This live/work loft at 530 S Hewitt St is in the Los Angeles Arts District and is listed for $968,000.
See homes for sale in California.
Hawaii’s islands have a higher percentage of high-dollar homes than any other state. More than 11 percent of the homes in Hawaii are valued at more than $1 million. This 3-bedroom, 3-bath condo at 4095 Lower Honoapiilani Rd APT 306 in Lahaina is minutes from resorts and is listed at $1,049,000.
See homes for sale in Hawaii.
- Million-Dollar Homes Are Shrinking in Nearly Two-Thirds of Major Metros
- Waiting to Buy a Home in These Markets Could Cost Hundreds
- Homes Under $500,000 in College Towns