In some real estate markets, $1 million and even $2 million homes are already the norm . San Jose, California, recently became the first market where the median single-family home price surpassed $2 million, and San Francisco is projected to be the next city to reach this landmark.
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You might expect these mile-high prices from California cities, but there are other places throughout the United States where the cost of the median single-family home is projected to reach seven figures in the not-so-distant future.
To find the cities where the typical single-family home is projected to cost $1 million by 2030, Zoocasa analyzed the annual average increase in median single-family home prices from 2014 to 2024 across 40 metropolitan areas and used this growth rate to predict when median home prices will surpass the $1 million mark.
Here’s a look at the cities where $1 million homes will be the norm by 2030.