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

A $1 million starter home is now the norm in over 200 cities across the US - is your hometown on the list? READ MORE: America's fastest-growing city has two things everyone wants By Tilly Armstrong Assistant Consumer Editor For Dailymail.Com Published: 04:22, 26 July 2024 | Updated: 04:22, 26 July 2024 e-mail View comments A million-dollar price tag on a home is no longer a signifier of luxurious living. In over 200 cities across the US, budding homeowners will have to fork out the sum for a typical starter home, according to new Zillow analysis .

The real estate marketplace defines a 'starter home' as properties among the lowest third of home values in a given region. It found that the typical starter home has surpassed this staggering price threshold in 237 US cities - almost tripling from 84 five years ago. Nearly half of the cities are in California , which is notorious for its high housing costs, but exactly half of all states have at least one city where a million-dollar starter home is the norm.

Nearly half of the cities are in California, which is notorious for its high housing costs (Pictured: A street in San Francisco) Your browser does not support iframes. Read More It is now cheaper to rent than buy in ALL of America's largest 50 metros - with mortgages costing double in most sought-after cities Starter homes in these cities cost more than five times the national average of $196,611, according to Zillow, which is comfortably affordable for a median-income househol.