Starter Home Prices Exceed $1 Million in 237 U.S. Cities

A new Zillow report reveals a dramatic increase in entry-level home costs, tripling the number of cities with million-dollar starter homes since 2019.

Nearly half of the cities with million-dollar starter homes are in California, followed by New York and New Jersey.
The typical U.S. starter home is priced at $196,611, but prices in some cities have surged by over 54% in five years.
High mortgage rates and a housing supply shortage have exacerbated affordability issues.
Experts suggest potential relief as more homes are being built and price cuts are becoming more common.
Zoning restrictions and limited land availability contribute to higher prices in coastal cities.