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EconomyPublished

Million‑dollar starter homes now found in 242 U.S. cities

A Zillow report finds 242 U.S. cities now have starter homes costing $1 million or more, three times the pre‑pandemic level. The count rose sharply, with New Jersey jumping from one to 26 cities and New York adding 15 cities to reach 41. The New York City metro area includes 63 such cities, while California leads with 105.

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Why it matters

Rising starter‑home prices tighten entry to homeownership across many regions.

What changed

  1. First published from Fortune