A $1 million starter home is now the norm in over 200 cities across the US - is your hometown on the list?

A million-dollar value tag connected a location is nary longer a signifier of luxurious living. 

In complete 200 cities crossed nan US, budding homeowners will person to fork retired nan sum for a emblematic starter home, according to caller Zillow analysis. 

The existent property marketplace defines a 'starter home' arsenic properties among nan lowest 3rd of location values successful a fixed region. 

It recovered that nan emblematic starter location has surpassed this staggering value period successful 237 US cities - almost tripling from 84 5 years ago. 

Nearly half of nan cities are successful California, which is notorious for its precocious lodging costs, but precisely half of each states person astatine slightest 1 metropolis wherever a million-dollar starter location is nan norm.

Starter homes successful these cities costs much than 5 times nan nationalist mean of $196,611, according to Zillow, which is comfortably affordable for a median-income household. 

A lodging shortage which worsened complete nan Covid-19 pandemic has driven up nan costs of homes crossed nan US to caller heights. 

Starter location values person grown 54.1 percent since 2019, which is moreover much than nan 49.1 percent summation for nan emblematic American location successful nan aforesaid clip frame.

This has priced galore would-be homebuyers retired of nan market, and delayed nan first location acquisition for millions. 

In 2023, nan median property of a first-time homebuyer was 35, Zillow found, which is simply a twelvemonth older than successful 2019. 

California is location to 117 cities wherever nan emblematic starter location costs much than $1 million, including places specified arsenic Santa Monica, Montecito and Carmel Valley. 

This fig has much than doubled since 2019, erstwhile it was location to 53.

California is good up of New York, which has 31, and New Jersey, which has 21. 

Florida and Massachusetts round retired nan apical 5 pinch 11 each. While nan Sunshine State was location to 4 cities pinch million-dollar starter homes 5 years ago, Massachusetts did not person any. 

States including Utah, Illinois, Missouri and Kansas, which did not person a azygous metropolis pinch million-dollar starter homes successful 2019, are now each location to one.

For example, successful Utah, it is Alta, a skis municipality adjacent Salt Lake City, and successful Kansas it is Mission Hills, a suburb of Kansas City.

Irvine, California, which has a organization of much than 300,000 is nan biggest metropolis pinch $1 cardinal starter homes, Zillow found. 

Among metropolitan areas, nan New York City metro, which includes parts of New Jersey and Pennsylvania, has 48 cities pinch million-dollar starter homes - nan highest successful nan country. 

The San Francisco metro has 44, Los Angeles has 35, San Jose has 15, and Miami and Seattle each person eight. 

'Home buyers are battling affordability and readiness today. So overmuch truthful that $1 cardinal is nan norm for a starter location successful hundreds of cities,' said Orphe Divounguy, elder economist astatine Zillow. 

'However, it's looking much and much for illustration location will beryllium immoderate bully news up for first-time buyers. 

'More homes are for sale, value cuts are connected nan rise, and buyers person a fewer much days to measurement their options arsenic homes beryllium connected nan market.'

It comes arsenic experts pass that location prices are group to spot a dramatic autumn successful pandemic-era 'boomtowns' in nan South. 

Already, caller reports person shown parts of Florida and Texas are seeing elevated costs statesman to travel down.