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Are you there Million Dollar Neighborhoods? It’s me St. Louis

  • Nearly one in 20 U.S. residential ZIP codes meet Zillow’s definition of a $1 Million Neighborhood, meaning 10 percent of its homes are worth seven figures.
  • There are now 1,280 $1 Million Neighborhoods in the U.S., 346 of which were added in the past three years.
  • West Coast metros, where home values have bounced back fastest, saw the greatest increase in the number of $1 Million Neighborhoods since 2014.
  • One in five San Francisco ZIP codes have been added to the $1 Million Neighborhoods list since 2007. The San Francisco metropolitan area has gained 36 $1 Million Neighborhoods over the past three years and New York, has gained 53.
  • The U.S. median home value is just over $200,000, but in San Francisco, Los Angeles and other expensive cities, homes are worth much more.
  • St. Louis and Cincinnati haven’t seen any new $1 Million Neighborhoods over the past 10 years.
  • In St. Louis and Cincinnati, the median home value is nearly $50,000 below the national median.
  • Las Vegas, among the hardest hit by the Great Recession, has only gained one $1 Million Neighborhood since 2014.

 

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