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More than 13% of the homes in these states are worth more than $1 million


The median price of homes currently listed in Washington, D.C.’s Georgetown neighborhood is $1,495,000, according to Zillow. Where are the million-dollar property listings? Odds are high you’ll find them in Washington, D.C., California and Hawaii ...


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My MarketWatch Watchlist Alerts Games Log In Home Personal Finance Real Estate More than 13% of the homes in these states are worth more than $1 million By Sally French Published: Dec 28, 2017 2:33 p.mET Share .st0{fill:#FFFFFF;} .st1{fill:#E12828;} .st2{fill:#FAEAEA;enable-background:new ;} .st3{fill:#FAD4D4;enable-background:new ;} Washington, D.Chas the largest share of million-dollar homes window.videoDomain = 'https://video-api.wsj.com'; Getty Images The median price of homes currently listed in Washington, D.C.’s Georgetown neighborhood is $1,495,000, according to Zillow By SallyFrench Social media editor & Drone Reporter Where are the million-dollar property listings? Odds are high you’ll find them in Washington, D.C., California and Hawaii, all where more than 13% of the homes are worth at least $1 million Overflow Data analyzed data from the 2016 American Community Survey, conducted by the U.SCensus Bureau to find the number of owner-occupied units worth $1 million or moreHere are the top 10 states or jurisdictions with the most million-dollar homes: Jurisdiction Percentage of homes worth more than $1 million Washington, D.C17.3% California 13.6% Hawaii 13.5% New York 7.0% Massachusetts 5.2% Connecticut 4.5% Washington 3.6% New Jersey 3.5% Maryland 3.0% Virginia 2.8% U.SCensus Bureau, analyzed by Overflow Data It’s not just homes that are expensive in Washington, D.C., which is ranked the metro area with the highest cost of livingHigh costs include child care, which runs $31,158 on averageIt’s also where drivers occasionally have to fork over as much as $40 in tolls just to drive 10 miles on suburban highways. Here are the top 10 states or jurisdictions with the fewest million-dollar homes: Jurisdiction Percentage of homes worth more than a million dollars Arkansas 0.5% Indiana 0.5% West Virginia 0.5% Iowa 0.6% Kansas 0.6% Mississippi 0.6% Nebraska 0.6% Ohio 0.6% Oklahoma 0.6% Kentucky 0.7% U.SCensus Bureau, analyzed by Overflow Data Big home prices are paid for with big salariesWashington, D.Ccomes in at No3 in a list of median household income by metro area, at $95,843The metro area extends far beyond the capital, though home prices in the suburbs also tend to be above the national average The San Jose metro area in San Francisco has the highest median household income at $110,040 Read: The 10 best cities for tech jobs On the flip side, Arkansas and Mississippi don’t have a single metro area with a median household income over $59,000Perhaps not surprisingly, the most rural states also tend to have the smallest percentage of million-dollar homes Read: Meet the richest lawmakers in each state Home prices are on the rise in most major cities, especially in tech hotbedsHome prices rose in Seattle are up 12.7% in the last 12 months, and home prices in Las Vegas are up 10.2% Read: These 10 U.Scities have the best quality of life var SA = SA || []; SA.push({ container: "#sa_calc_3214", version: 1.1, data: { key: "npqzoaaw8ttdneqrelpmx2gdnehdyiog" } }); var smscript = document.createElement('script'); smscript.type = 'text/javascript'; smscript.async = true; smscript.src = 'https://smartasset.com/snippet.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(smscript, s); MarketWatch Partner Center Most Popular 7 cryptocurrencies to watch in 2018 if you’re on the hunt for the next bitcoin Bitcoin bull John McAfee urges cryptocurrency investors to hold on Here’s what all 30 companies that make up the Dow industrials think about the tax cuts Three timeless investment lessons of 2017 Struggling to pay student debt? Here's what you need to know. Mortgage Rates Powered by This advertisement is provided by Bankrate, which compiles rate data from more than 4,800 financial institutionsBankrate is paid by financial institutions whenever users click on display advertisements or on rate table listings enhanced with features like logos, navigation links, and toll free numbersDow Jones receives a share of these revenues when users click on a paid placement. Other NewsFrom Our Partners (!) Found: Top 3 Financial Advisors in Your Neighborhood SmartAsset.com Don't Settle for 0.01% on Your Savings Interest - Earn up to 1.30% SmartAsset.com This is the ONLY Way to Find a Top Financial Advisor SmartAsset.com This Free Mortgage Calculator Makes Home Buying a Breeze SmartAsset.com These Banks Offer Over 120x what the Big Banks Offer on Your Savings SmartAsset.com Data Provided By Today's Interest Rates Mortgage Equity Savings Auto Credit Cards 30 yr fixed Jumbo 4.14% 30 yr fixed 3.85% 15 yr fixed 3.2% 10 yr fixed 3.13% 30 yr fixed refi 3.82% 15 yr fixed refi 3.18% 5/1 ARM 3.79% 5/1 ARM refi 3.76% National averages from Bankrate.com $30K HELOC 4.4% $50K HELOC 5.06% $75K HELOC 5.08% $100K HELOC 5.06% $30K Home Equity Loan 5.8% $50K Home Equity Loan 4.54% $75K Home Equity Loan 4.54% $100K Home Equity Loan 5.61% National averages from Bankrate.com 5 yr CD 1.52% 2 yr CD 0.95% 1 yr CD 0.84% MMA $10K+ 0.29% MMA $50K+ 0.43% MMA Savings 0.33% MMA Savings Jumbo 0.46% National averages from Bankrate.com 60 Mo Used Car 3.49% 48 Mo Used Car 3.45% 36 Mo Used Car 3.56% 72 Mo New Car 3.46% 60 Mo New Car 3.55% 48 Mo New Car 3.26% 60 Mo Auto Refi 3.1% 36 Mo Auto Refi 2.32% National averages from Bankrate.com AvgAPR Last Week 6 Months Low Interest 12.97% 12.95% 12.83% Business 13.78% 13.76% 13.76% Balance Transfer 15.46% 15.44% 15.20% Student 15.82% 15.76% 15.01% Airline 16.17% 16.14% 15.90% Reward 16.32% 16.29% 16.06% Cash Back 16.46% 16.43% 16.17% Instant Approval 18.62% 18.62% 18.39% Bad Credit

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