Best in Texas™: Cities with Largest Percent of $1M+ Homes. 4 in Texas. ALEX Labs. ALEX Austin, ALEX Dallas, ALEX Houston, ALEX San Antonio

According to Lending Tree and validated by ALEX Labs, across the US $1M+ homes are uncommon. in most of the country. The largest concentrations by state are California with 6, Texas and Florida with 4 and Ohio with 3. The #1 is San Jose with 52.89% of homes, compared to 3.51% in Austin the Texas area with the largest concentration.

Link: https://blog.chime.me/www-alex-realestate/2022/07/07/best-in-texas-cities-with-largest-percent-of-1m-homes-4-in-texas-alex-labs-alex-austin-alex-dallas-alex-houston-alex-san-antonio/

TABLE OF TOP 50 METRO AREAS

US Rank	TX Rank	Metro	ST	Percentage of owner-occupied units valued at $1 million or more	ALEX Region	ALEX Service Area
1		San Jose	CA	52.89%		Yes
2		San Francisco	CA	40.37%		Yes
3		Los Angeles	CA	18.55%		Yes
4		San Diego	CA	13.52%		Yes
5		New York	NY	10.53%		Yes
6		Seattle	WA	10.10%		Yes
7		Boston	MA	8.35%		Yes
8		Washington	DC	7.14%		Yes
9		Miami	FL	4.65%		Yes
10		Denver	CO	4.02%		Yes
11		Sacramento	CA	3.60%		Yes
12	1	Austin	TX	3.51%	Austin
13		Portland	OR	3.00%		Yes
14		Phoenix	AZ	2.53%		Yes
15		Nashville	TN	2.46%		Yes
16		Chicago	IL	2.45%		Yes
17	2	Houston	TX	2.40%	Houston
18		Baltimore	MD	2.21%		Yes
18		Riverside	CA	2.21%		Yes
20	3	Dallas	TX	2.20%	Dallas
21		Salt Lake City	UT	2.09%		Yes
22		Charlotte	NC	2.07%		Yes
23		Jacksonville	FL	2.05%		Yes
24		Las Vegas	NV	1.94%		Yes
25		Atlanta	GA	1.89%		Yes
26		Tampa	FL	1.83%		Yes
27		Providence	RI	1.77%		Yes
28		Orlando	FL	1.70%		Yes
29		Philadelphia	PA	1.68%		Yes
30		Minneapolis	MN	1.52%		Yes
31		Birmingham	AL	1.40%		Yes
32		New Orleans	LA	1.38%		Yes
33		Raleigh	NC	1.32%	Coming Soon	Yes
34		Virginia Beach	VA	1.27%		Yes
34		Richmond	VA	1.27%		Yes
36	4	San Antonio	TX	1.26%	San Antonio
37		Milwaukee	WI	1.16%		Yes
38		Oklahoma City	OK	1.10%		Yes
39		St. Louis	MO	1.03%		Yes
39		Kansas City	MO	1.03%		Yes
41		Hartford	CT	1.00%		Yes
42		Memphis	TN	0.95%		Yes
43		Detroit	MI	0.90%		Yes
44		Louisville	KY	0.87%		Yes
45		Indianapolis	IN	0.85%		Yes
46		Cincinnati	OH	0.78%		Yes
47		Columbus	OH	0.73%		Yes
48		Pittsburgh	PA	0.67%		Yes
49		Cleveland	OH	0.59%		Yes
50		Buffalo	NY	0.56%		Yes

Table Link: https://blog.chime.me/www-alex-realestate/2022/07/07/best-in-texas-cities-with-largest-percent-of-1m-homes-4-in-texas-alex-labs-alex-austin-alex-dallas-alex-houston-alex-san-antonio/

LENDING TREE ARTICLE
“…Million-dollar homes are relatively uncommon in most of the country. An average of only 4.71% of the owner-occupied homes in the nation’s 50 largest metros are valued at $1 million or more.

The prevalence of million-dollar homes can vary significantly by metro. For example, 52.89% of owner-occupied homes are valued at $1 million or more in San Jose, Calif., making it the only one of the nation’s 50 largest metros where a majority of owner-occupied homes are worth at least $1 million. In the metro with the smallest share of $1 million homes, Buffalo, N.Y., that figure is 0.56%.

Of the 10 metros with the largest share of million-dollar homes, the four with the highest percentage of million-dollar homes are in California. Driven by factors including dense populations and the significant wealth generated by the tech and entertainment industries, an average of 31.33% of owner-occupied homes across San Jose, San Francisco, Los Angeles and San Diego are valued at at least $1 million…”
Link: https://www.lendingtree.com/home/cities-with-the-largest-share-of-million-dollar-homes/

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