Hundreds of U.S. cities now have starter homes that cost $1 million, Zillow finds

TL;DR

242 U.S. cities now have starter homes priced at $1 million or higher, a threefold increase since 2020.
The pandemic's housing market conditions, including shortages and strong demand, led to soaring prices.
California leads with 105 cities having million-dollar starter homes, followed by New York (41) and New Jersey (26).
The Northeast is seeing more million-dollar starter homes due to persistent housing shortages not alleviated by new supply, unlike some Sun Belt markets.
The typical starter home nationwide costs under $199,000, and the median home price is nearly $418,000.

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