12 Cities Where $1 Million Homes Will Be the Norm by 2030

In some real estate markets, $1 million and even $2 million homes are already the norm. San Jose, California, recently became the first market where the median single-family home price surpassed $2 million, and San Francisco is projected to be the next city to reach this landmark.

You might expect these mile-high prices from California cities, but there are other places throughout the United States where the cost of the median single-family home is projected to reach seven figures in the not-so-distant future.

To find the cities where the typical single-family home is projected to cost $1 million by 2030, Zoocasa analyzed the annual average increase in median single-family home prices from 2014 to 2024 across 40 metropolitan areas and used this growth rate to predict when median home prices will surpass the $1 million mark.

Here’s a look at the cities where $1 million homes will be the norm by 2030.

• Median home price (2024): $888,300
• Year the median home price will reach $1M: 2026
• Median home price (2026): $1,024,633

• Median home price (2024): $867,000
• Year the median home price will reach $1M: 2026
• Median home price (2026): $1,039,554

• Median home price (2024): $829,600
• Year the median home price will reach $1M: 2027
• Median home price (2027): $1,071,402

• Median home price (2024): $854,800
• Year the median home price will reach $1M: 2027
• Median home price (2027): $1,067,854

• Median home price (2024): $848,938
• Year the median home price will reach $1M: 2027
• Median home price (2027): $1,039,985

• Median home price (2024): $775,900
• Year the median home price will reach $1M: 2028
• Median home price (2028): $1,071,329

• Median home price (2024): $792,800
• Year the median home price will reach $1M: 2028
• Median home price (2028): $1,016,085

• Median home price (2024): $620,400
• Year the median home price will reach $1M: 2029
• Median home price (2029): $1,008,275

• Median home price (2024): $646,000
• Year the median home price will reach $1M: 2029
• Median home price (2029): $1,007,704

• Median home price (2024): $669,900
• Year the median home price will reach $1M: 2030
• Median home price (2030): $1,080,890

• Median home price (2024): $729,000
• Year the median home price will reach $1M: 2030
• Median home price (2030): $1,016,663

• Median home price (2024): $600,000
• Year the median home price will reach $1M: 2030
• Median home price (2030): $1,006,260

Editor’s note: Data is sourced from Zoocasa and is accurate as of Oct. 10, 2024.