20 Cities With the Most Million-Dollar Homes

Editor's Note: This story originally appeared on SmartAsset.com.

Though they comprise a relatively small fraction of total homes, the number of million-dollar homes in the U.S. is growing. In 2016, about 2.3 million homes were worth $1 million or more. In 2019, that figure was roughly 3.1 million. However, compared with the total 78.7 million owner-occupied homes, less than 4% of homes are worth $1 million or more. Million-dollar homes are highly concentrated in some states and cities more than others — and for homeowners who may potentially be seeking to upgrade, it could be worth it to seek the services of a financial adviser. In this study, SmartAsset investigated the cities with the most million-dollar homes.

We looked at the 150 largest U.S. cities to analyze the number of owner-occupied million-dollar homes compared with the number of owner-occupied homes. For details on our data sources and how we put the information together to create our findings, check out the Data and Methodology section at the end.

Keep reading to see which cities have the most million-dollar homes, as a percent of all homes.

Fort Lauderdale, FL

• Number of million-dollar homes: 3,461
• Total number of homes: 41,612
• Million-dollar homes as a percent of all homes: 8.32%

Miami, FL

• Number of million-dollar homes: 5,248
• Total number of homes: 55,878
• Million-dollar homes as a percent of all homes: 9.39%

Atlanta, GA

• Number of million-dollar homes: 10,401
• Total number of homes: 104,332
• Million-dollar homes as a percent of all homes: 9.97%

Long Beach, CA

• Number of million-dollar homes: 7,135
• Total number of homes: 64,944
• Million-dollar homes as a percent of all homes: 10.99%

Scottsdale, AZ

• Number of million-dollar homes: 11,065
• Total number of homes: 83,222
• Million-dollar homes as a percent of all homes: 13.30%

Boston, MA

• Number of million-dollar homes: 16,881
• Total number of homes: 94,202
• Million-dollar homes as a percent of all homes: 17.92%

San Diego, CA

• Number of million-dollar homes: 46,156
• Total number of homes: 238,126
• Million-dollar homes as a percent of all homes: 19.38%

Arlington, VA

• Number of million-dollar homes: 9,947
• Total number of homes: 46,761
• Million-dollar homes as a percent of all homes: 21.27%

Washington, D.C.

• Number of million-dollar homes: 26,109
• Total number of homes: 120,988
• Million-dollar homes as a percent of all homes: 21.58%

New York, NY

• Number of million-dollar homes: 247,785
• Total number of homes: 1,022,819
• Million-dollar homes as a percent of all homes: 24.23%

Honolulu, HI

• Number of million-dollar homes: 15,075
• Total number of homes: 60,884
• Million-dollar homes as a percent of all homes: 24.76%

Seattle, WA

• Number of million-dollar homes: 38,500
• Total number of homes: 150,887
• Million-dollar homes as a percent of all homes: 25.52%

Los Angeles, CA

• Number of million-dollar homes: 133,316
• Total number of homes: 511,115
• Million-dollar homes as a percent of all homes: 26.08%

Huntington Beach, CA

• Number of million-dollar homes: 10,937
• Total number of homes: 41,255
• Million-dollar homes as a percent of all homes: 26.51%

Glendale, CA

• Number of million-dollar homes: 6,555
• Total number of homes: 24,018
• Million-dollar homes as a percent of all homes: 27.29%

Oakland, CA

• Number of million-dollar homes: 22,697
• Total number of homes: 69,556
• Million-dollar homes as a percent of all homes: 32.63%

Irvine, CA

• Number of million-dollar homes: 19,451
• Total number of homes: 45,526
• Million-dollar homes as a percent of all homes: 42.73%

San Jose, CA

• Number of million-dollar homes: 90,486
• Total number of homes: 180,993
• Million-dollar homes as a percent of all homes: 49.99%

Fremont, CA

• Number of million-dollar homes: 27,715
• Total number of homes: 45,886
• Million-dollar homes as a percent of all homes: 60.40%

San Francisco, CA

• Number of million-dollar homes: 92,437
• Total number of homes: 135,852
• Million-dollar homes as a percent of all homes: 68.04%

Data and Methodology

Data for this report comes from the U.S. Census Bureau’s 2019 1-year American Community Survey. We considered the 150 largest cities in the U.S. To find the cities with the most million-dollar homes, we divided the number of owner-occupied million-dollar homes by the number of owner-occupied homes.