A growing share of U.S. cities now have what some analysts describe as “starter homes” with typical values of $1 million or more. According to CBS News, the number of metropolitan areas meeting that threshold has tripled since 2020. PR Newswire reports a record count of 242 U.S. cities where a typical entry-level home is valued at $1 million or higher. Both reports describe the change as a major shift from pre-pandemic levels, with the number of areas and cities meeting the price criterion increasing nearly threefold since 2020. The coverage frames the rise as part of a broader housing affordability reset associated with the pandemic-era housing market boom, particularly affecting first-time buyers. While the outlets use slightly different geographic units—metropolitan areas versus cities—they converge on the same central point: $1 million starter homes are becoming more common across the United States than they were in the years before the pandemic.
Record number of U.S. cities report $1 million starter homes
A growing share of U.S. cities now have what some analysts describe as “starter homes” with typical values of $1 million or more. According to CBS News, the number of metropolitan areas meeting that t...
- Hundreds of U.S. cities and metropolitan areas now report typical “starter homes” valued at $1 million or more.
- CBS News says the number of metropolitan areas meeting the threshold has tripled since 2020.
- PR Newswire reports a record 242 U.S. cities with $1 million starter homes.
- Both reports tie the increase to affordability changes following the pandemic-era housing boom.
- The counts nearly triple compared with the pre-2020 period.
The number of metropolitan areas around the country with basic homes worth at least $1 million has tripled since 2020.
3 hours agoThe count of cities with $1 million starter homes has nearly tripled since 2020, an enduring sign of how the pandemic housing boom reset affordability for first-time buyers The number of cities where a typical starter home is worth $1 million or more has nearly tripled since before the...
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