Story perspectives

Starter Home Prices Soar: 233 Cities Over $1 Million

4/28/2025

38 7

Summary

Story summary

A Zillow report shows 233 U.S. cities now have starter home prices exceeding $1 million, a significant increase from 85 five years ago.
California tops the list with 113 cities, while Rhode Island and Minnesota also see rising prices.
First-time buyers struggle, with the median age increasing to 38 and only 24% of purchases made by them.
Home prices have surged 42.5% in five years, impacting affordability and financial stability for potential buyers.

1 of 1

Story summary

A Zillow report shows 233 U.S. cities now have starter home prices exceeding $1 million, a significant increase from 85 five years ago.
California tops the list with 113 cities, while Rhode Island and Minnesota also see rising prices.
First-time buyers struggle, with the median age increasing to 38 and only 24% of purchases made by them.
Home prices have surged 42.5% in five years, impacting affordability and financial stability for potential buyers.