May 16, 2025 - News
More million-dollar starter homes on the market
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The number of California cities where a typical starter home is worth at least $1 million has more than doubled in the past five years, according to a recent Zillow report.
The big picture: That sharp escalation is part of a national trend that California dominates.
- Half of all states have at least one city with million-dollar starter homes, up from 10 states five years ago.
- Minnesota (Minnetonka Beach) and Rhode Island (New Shoreham) recently joined the list.
Zoom in: In San Diego County, those cities are Rancho Santa Fe, Del Mar, Coronado, Solana Beach and Encinitas.
- Typical starter homes there range from $1.25 to $2.78 million.
What they're saying: "While cities with $1 million starter homes still represent a small piece of American real estate, they are a striking symbol of how the pandemic housing boom reshaped affordability," Zillow's Anushna Prakash wrote in the report.