- A recent study by online loan marketplace LendingTree found the share of million-dollar homes in the 50 largest US metro areas.
- In the San Jose metro area, the percentage of million-dollar homes is more than half the total number of homes in the area, while in other metro areas, like Cincinnati, less than 1% of the total number of homes are valued at $1 million or more.
- Using LendingTree's list, Business Insider rounded up the 25 largest metro areas that have the highest share of million-dollar homes.
- Visit Business Insider's homepage for more stories .
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The biggest metro areas with the most million-dollar homes in the US
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25. Providence, Rhode Island: The percentage of homes valued at or above $1 million in the Providence metro area is 1.9%
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Some US markets are flooded with million-dollar homes while others hardly have any.
A recent study by online loan marketplace LendingTree found the share of million-dollar homes in the 50 largest US metro areas.
In the San Jose metro area, the percentage of million-dollar homes is more than half the total number of homes in the area, while in other metro areas, like Cincinnati, less than 1% of the total number of homes in the area are valued at $1 million or more.
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To gather data for the study, LendingTree sourced from the US Census Bureau's 2018 American Community Survey with one-year estimates. To find the share of million-dollar homes in each metro area, LendingTree divided the number of homes valued at $1 million or more by the total number of homes in the area.
Keep reading for a list of the 25 metro areas with the highest share of million-dollar homes.
See Also:
- Billionaire hedge-fund manager Cliff Asness just listed his Miami penthouse for $29.5 million only a year after buying it because he wants to upgrade to a bigger home. Here's a look inside.
- Kanye West just called himself a 'billionaire,' but Forbes puts his net worth at $240 million. Here's a look at how the hip-hop artist built and spends his fortune.
- A homeless Detroit man bought an abandoned house for $1,500 and spent 10 years renovating it for his wife. Here's how he did it and what it looks like now.
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SEE ALSO: A homeless Detroit man bought an abandoned house for $1,500 and spent 10 years renovating it for his wife. Here's how he did it and what it looks like now.
DON'T MISS: San Francisco's housing market is so expensive that the median million-dollar home has less than 1,200 square feet of space
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