{"id":894,"date":"2017-12-30T07:57:34","date_gmt":"2017-12-30T14:57:34","guid":{"rendered":"http:\/\/phxdrone.com\/?p=894"},"modified":"2018-01-17T16:30:08","modified_gmt":"2018-01-17T23:30:08","slug":"more-than-13-of-the-homes-in-these-states-are-worth-more-than-1-million","status":"publish","type":"post","link":"https:\/\/tradersnation.com\/index.php\/2017\/12\/30\/more-than-13-of-the-homes-in-these-states-are-worth-more-than-1-million\/","title":{"rendered":"More than 13% of the homes in these states are worth more than $1 million"},"content":{"rendered":"

<\/a>By SallyFrench for MarketWatch<\/em>
\nSocial media editor & Drone Reporter<\/p>\n

Where are the million-dollar property listings? Odds are high you\u2019ll find them in Washington, D.C., California and Hawaii, all where more than 13% of the homes are worth at least $1 million.<\/p>\n

Overflow Data<\/a> 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.<\/p>\n

Here are the top 10 states or jurisdictions with the most million-dollar homes:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Jurisdiction<\/td>\nPercentage of homes worth more than $1 million<\/td>\n<\/tr>\n
Washington, D.C.<\/td>\n17.3%<\/td>\n<\/tr>\n
California<\/td>\n13.6%<\/td>\n<\/tr>\n
Hawaii<\/td>\n13.5%<\/td>\n<\/tr>\n
New York<\/td>\n7.0%<\/td>\n<\/tr>\n
Massachusetts<\/td>\n5.2%<\/td>\n<\/tr>\n
Connecticut<\/td>\n4.5%<\/td>\n<\/tr>\n
Washington<\/td>\n3.6%<\/td>\n<\/tr>\n
New Jersey<\/td>\n3.5%<\/td>\n<\/tr>\n
Maryland<\/td>\n3.0%<\/td>\n<\/tr>\n
Virginia<\/td>\n2.8%<\/td>\n<\/tr>\n
<\/td>\nU.S. Census Bureau, analyzed by Overflow Data<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

It\u2019s 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\u2019s also where drivers occasionally have to fork over as much as $40 in tolls just to drive 10 miles on suburban highways.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Jurisdiction<\/td>\nPercentage of homes worth more than a million dollars<\/td>\n<\/tr>\n
Arkansas<\/td>\n0.5%<\/td>\n<\/tr>\n
Indiana<\/td>\n0.5%<\/td>\n<\/tr>\n
West Virginia<\/td>\n0.5%<\/td>\n<\/tr>\n
Iowa<\/td>\n0.6%<\/td>\n<\/tr>\n
Kansas<\/td>\n0.6%<\/td>\n<\/tr>\n
Mississippi<\/td>\n0.6%<\/td>\n<\/tr>\n
Nebraska<\/td>\n0.6%<\/td>\n<\/tr>\n
Ohio<\/td>\n0.6%<\/td>\n<\/tr>\n
Oklahoma<\/td>\n0.6%<\/td>\n<\/tr>\n
Kentucky<\/td>\n0.7%<\/td>\n<\/tr>\n
<\/td>\nU.S. Census Bureau, analyzed by Overflow Data<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

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.<\/p>\n

The San Jose metro area in San Francisco has the highest median household income at $110,040.<\/p>\n","protected":false},"excerpt":{"rendered":"

By SallyFrench for MarketWatch Social media editor & Drone Reporter Where are the million-dollar property listings? Odds are high you\u2019ll 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 […]<\/p>\n","protected":false},"author":6,"featured_media":895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,100],"tags":[152,153],"class_list":["post-894","post","type-post","status-publish","format-standard","has-post-thumbnail","category-featured","category-real-estate","tag-housing","tag-real-estate"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t