20 Cities With the Most Million-Dollar Homes

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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

Fort Lauderdale Florida
GagliardiPhotography / Shutterstock.com
  • 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

Alan L Meakin / Shutterstock.com
  • 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

Atlanta, Georgia homes
RodClementPhotography / Shutterstock.com
  • 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

Long Beach California homes
L.A. Nature Graphics / Shutterstock.com
  • 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

Aerial view of Scottsdale Arizona
Tim Roberts Photography / Shutterstock.com
  • 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

Boston, Massachusetts
f11photo / Shutterstock.com
  • 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

San Diego
bonandbon / Shutterstock.com
  • 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

Arlington, Virginia
Sean Pavone / Shutterstock.com
  • 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.

Washington, D.C.
Christian Hinkle / Shutterstock.com
  • 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

New York City homes neighborhood
Tupungato / Shutterstock.com
  • 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

Honolulu City neighborhood
Real Window Creative / Shutterstock.com
  • 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

Seattle house neighborhood
Frank Fell Media / Shutterstock.com
  • 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

Los Angeles neighborhood in San Fernando Valley
trekandshoot / Shutterstock.com
  • 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

Huntington Beach California
trekandshoot / Shutterstock.com
  • 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

trekandshoot / Shutterstock.com
  • 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

Oakland, California
yhelfman / Shutterstock.com
  • 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

Irvine, California
LagunaticPhoto / Shutterstock.com
  • 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

San Jose Houses
pbk-pg / Shutterstock.com
  • 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

Fremont California houses
Sundry Photography / Shutterstock.com
  • 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

San Francisco neighborhood.
Bertl123 / Shutterstock.com
  • 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

Realtor in front of large brick home.
SpeedKingz / Shutterstock.com

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.

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