Seattle ranks 5th for largest percentage of million-dollar homes, study finds
The Seattle area ranks among the top five metros across the U.S. with the largest percentage of million-dollar homes, according to a new study.
The analysis by LendingTree looked at the 50 largest metro areas across the country to find which areas had the largest share of million-dollar homes. The study found 11.25% of housing units in the Seattle metro area were valued at or above $1 million. Of the 912,010 overall housing units the study found, 102,598 were valued at $1 million or more. The median value of owner-occupied homes in the Seattle area was $487,400.
The Seattle area is home to several large tech companies, including Amazon and Microsoft, which the study notes is likely a factor in the high percentage of million dollar homes, and high median home value in the city.
Seattle ranked behind four areas in California, including San Jose, which topped the list with more than half of the the housing units valued at $1 million or more. San Jose was followed by metro areas including San Francisco, Los Angeles and San Diego.
https://www.msn.com/en-us/news/us/seattle-ranks-5th-for-largest-percentage-of-million-dollar-homes-study-finds/ar-BBX84Et#image=BBX8qNM|1
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