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Nearly Half of Million-Dollar Homes in California

WASHINGTON - In the market for a $1 million home? Look in California. According to a National Association of home Builders' analysis of 2000 Census data, 41% of the homes in the U.S. valued at $1 million or more are located in the Golden State. Out of the 55 million...

By Staff Writer | Updated on August 19, 2003

WASHINGTON – In the market for a $1 million home? Look in California. According to a National Association of home Builders’ analysis of 2000 Census data, 41% of the homes in the U.S. valued at $1 million or more are located in the Golden State. Out of the 55 million owner-occupied single-family homes nationwide, less than 314,000 were valued at more than $1 million, and approximately 128,600 of those homes were in California, said the NAHB, New York had the second-highest number of million-dollar residences – 22,300 homes or 7.1% of the U.S. total. Florida came next with 18,000 or 5.8%, then followed Connecticut at 13,900 or 4.4%, and Illinois with 12,400 homes or 3.9%. NAHB said the data did not include condominiums or co-ops, and the association opined that the number of million-dollar homes in the U.S. has probably doubled since the 2000 Census.

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