Typical starter homes are worth at least $1 million in a record 237 US cities, Zillow reported.
Nearly half of these cities are in California, with New York and New Jersey also heavily represented.
AdvertisementA record number of US cities now have typical starter homes worth at least $1 million, Zillow reported.
On average, homebuyers can find seven-figure starter properties in 237 metros, the firm said, a considerable jump from where values stood five years ago.
Zillow defined typical starter homes as properties in the lower third of values.
Persons:
—, Zillow
Organizations:
Service, metros, Business
Locations:
California, New York, New Jersey