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The states with the most million-dollar homes


Washington DC, California, Hawaii, and New York have a higher percentage of homes ... the price tag of any prime piece of real estate is usually measured in the millions. Where in the United States can the most multi-million dollar homes be found ...


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Tech Finance Politics Strategy Life All Tech Finance Politics Strategy Life All (function() { 'use strict'; // Notify the DFP code that a new ad has just been rendered amplify.publish('adRender'); }()); × From To You have successfully emailed the post. × The states with the most million-dollar homes Jeff Desjardins, Visual Capitalist Dec17, 2017, 7:46 AM 2,835 facebook linkedin twitter email print edgeOfReason/Shutterstock Washington DC, California, Hawaii, and New York have a higher percentage of homes worth at least a million dollars than other states. Denver, CO; Santa Rosa, CA; and Boulder, CO are among the cities with the fastest growing proportions of million-dollar homes. Whether it’s a mansion in the suburbs or a penthouse in the city center, the price tag of any prime piece of real estate is usually measured in the millions. Where in the United States can the most multi-million dollar homes be found – and which specific cities have the highest growth rates for high-end property listings? Million dollar homes Today’s interactive visualization comes to us from Overflow Data, and it shows the percentage of homes worth greater than a million dollars in each state, as well as D.C. var divElement = document.getElementById('viz1513366809668'); var vizElement = divElement.getElementsByTagName('object')[0]; if ( divElement.offsetWidth > 800 ) { vizElement.style.width='800px';vizElement.style.height='852px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='800px';vizElement.style.height='852px';} else { vizElement.style.width='100%';vizElement.style.height='777px';} var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); The first thing that stands out here is the skewed distribution. The rate of million dollar homes per state ranges from 0.5% (Indiana) to 17.3% (D.C.), but the median is only 1.1%That means that the vast amount of states are closer to the zero end of the spectrum. In fact, only six jurisdictions exceed the 4% mark: Visual Capitalist Leading the pack is Washington D.Cwith 17.3% of all homes exceeding the $1 million benchmarkThis puts the nation’s capital ahead of California (13.6%), Hawaii (13.5%), and New York (7.0%). The high degree of expensive homes in D.Cis not surprising, since the district is a small, urban jurisdiction, with no real “countryside” where more affordable homes can usually be found. Dan Reed via Visual Capitalist Changing cities But what specific cities are trending upwards? Where are there increasing amounts of homes worth over a million bucks? Realtor.com via Visual Capitalist The above map from Realtor.com breaks down the cities that have the biggest increases in million dollar homes over the last three years. Here’s a closer look: Visual Capitalist The most impressive representation on the list comes from Colorado, where Denver and Boulder are #1 and #3 respectively. That said, these cities are anomalies within Colorado as a whole, which has just 2.9% of all homes worth $1 million or more. Read the original article on Visual CapitalistGet rich, visual content on business and investing for free at the Visual Capitalist website, or follow Visual Capitalist on Twitter, Facebook, or LinkedIn for the latest

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