While The Typical Starter Home Is $198,649, A Record 242 Cities Have Starter Homes Valued At $1 Million Or More (California Has 105 Cities With $1M+ Starter Homes)

The bar for entry-level homeownership has never been higher. While the typical starter home nationwide is worth $198,649, a record 242 cities now have starter homes valued at $1 million or more, A record 242 US cities now have starter homes that cost $1 million, according to Zillow A typical “starter home” is defined for this analysis as a home in the lowest third of home values in a given region. The count of cities with million-dollar starter homes has grown from 226 cities a year ago, even as affordability pressures have begun to ease in parts of the country....