With the nation’s largest population and the highest median home prices, it should be no surprise that California also has the highest concentration of million-dollar homes.

Nearly one in 10 homes in the U.S. were worth at least $1 million in 2023, according to online real estate broker Redfin.

Now, Newsweek magazine, using Redfin’s data, has published an interactive map showing which metropolitan areas have the most million-dollar homes as a percentage.

In California, that’s the San Francisco Bay Area, where around 81% of all homes are valued at $1 million or more. Next come Anaheim (55%), Oakland (49%), San Diego (40%), and Los Angeles (38%).

Honolulu, Hawaii (38%) is the first city outside of California on the list, followed by Oxnard (35%), Salt Lake City (33%) and Seattle (33%).

Top 15 U.S. Cities by percentage of million-dollar homes (Newsweek/Redfin):

  • San Francisco, California – 81 percent
  • San Jose, California – 80 percent
  • Anaheim, California – 55 percent
  • Oakland, California – 49 percent
  • San Diego, California – 40 percent
  • Los Angeles, California – 38 percent
  • Honolulu, Hawaii – 38 percent
  • Oxnard, California – 35 percent
  • Salt Lake City, Utah – 33 percent
  • Seattle, Washington – 33 percent
  • New York, New York – 29 percent
  • Bridgeport, Connecticut – 26 percent
  • Boston, Massachusetts – 22 percent
  • Nassau County, New York – 16 percent
  • Miami, Florida – 14 percent
Million-Dollar Home Map
Newsweek map showing the highest concentration of homes valued at $1 million or more in 2023. Click for interactive view. (Newsweek/Redfin)

According to the California Association of Realtors, the median price of a single-family home in California reached $904,210 in April, the highest mark on record. Both sales and sale prices have increased in recent months despite mortgage rates hovering in the 6-7% range: well above their historic lows from the pandemic.

May sales data is not yet available.