More than 13% of the homes in these states are worth more than $1 million

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The median price of homes currently listed in Washington, D.C.’s Georgetown neighborhood is $1,495,000, according to Zillow.

By SallyFrench for MarketWatch
Social media editor & Drone Reporter

Where are the million-dollar property listings? Odds are high you’ll find them in Washington, D.C., California and Hawaii, all where more than 13% of the homes are worth at least $1 million.

Overflow Data analyzed data from the 2016 American Community Survey, conducted by the U.S. Census Bureau to find the number of owner-occupied units worth $1 million or more.

Here are the top 10 states or jurisdictions with the most million-dollar homes:

Jurisdiction Percentage of homes worth more than $1 million
Washington, D.C. 17.3%
California 13.6%
Hawaii 13.5%
New York 7.0%
Massachusetts 5.2%
Connecticut 4.5%
Washington 3.6%
New Jersey 3.5%
Maryland 3.0%
Virginia 2.8%
U.S. Census Bureau, analyzed by Overflow Data

It’s not just homes that are expensive in Washington, D.C., which is ranked the metro area with the highest cost of living. High costs include child care, which runs $31,158 on average. It’s also where drivers occasionally have to fork over as much as $40 in tolls just to drive 10 miles on suburban highways.

Jurisdiction Percentage of homes worth more than a million dollars
Arkansas 0.5%
Indiana 0.5%
West Virginia 0.5%
Iowa 0.6%
Kansas 0.6%
Mississippi 0.6%
Nebraska 0.6%
Ohio 0.6%
Oklahoma 0.6%
Kentucky 0.7%
U.S. Census Bureau, analyzed by Overflow Data

 

Big home prices are paid for with big salaries. Washington, D.C. comes in at No. 3 in a list of median household income by metro area, at $95,843. The metro area extends far beyond the capital, though home prices in the suburbs also tend to be above the national average.

The San Jose metro area in San Francisco has the highest median household income at $110,040.