A million dollars won’t buy what it used to, will it? That’s especially true when it comes to buying a home.
The typical home in the United States appreciated 19.6% in value in 2021, Zillow reported, and a whopping 146 cities in the U.S. joined the “million-dollar cities” list, where the typical home value is $1 million.
However, all communities aren’t created equal. So that got us wondering just what $1 million will get you in several places on the “Million-Dollar Cities” list. Read on to see what a cool million will get you in 15 cities.
February 2022 home value: $1,000,462
One of the few cities outside California to make this list, Seattle carries a median price of over $300 per square foot, according to a recent study. For $1 million, you can get a four-bedroom, 2.5-bath, 2,050-square foot house (officially listed at $988,888). Not to mention plenty of coffee.
February 2022 home value: $1,009,875
The home of Chapman University and just a short drive from Disneyland, Orange offers 1,572 square feet, four bedrooms and two baths for $989,999. That’s $629.77 per square foot.
February 2022 home value: $1,010,506
Surprisingly, Los Angeles isn’t higher on this list, but that’s because some suburbs in the greater L.A. area have higher price points. Still, if you want your address to say “Los Angeles,” you may pay $779.78 per square foot for a two-bedroom, one-bath, 1,276-square-foot home (for $995,000).
February 2022 home value: $1,049,236
For $990,000, you can buy a 1,170-square-foot home with three bedrooms and two bathrooms. That’s $846.15 per square foot. And you can pay resident fees at Torrey Pines golf course, too!
February 2022 home value: $1,078,521
The price per square foot dips to “only” $643.04 to live on the east side of the Bay Area. A three-bedroom, two-bath, 1,552-squre-foot home costs $998,000.
February 2022 home value: $1,150,756
We return to Southern California for the next city on the list. You can land a 1,144-square-foot, three-bedroom, one-bath home for $970,000.
February 2022 home value: $1,263,877
The home of the Rose Bowl and UCLA features a home with an average price per square- foot of $712.72. For $975,000, you can buy a three-bedroom, two-bath, 1,368-square-foot house.
February 2022 home value: $1,278,532
This Los Angeles suburb features the U.S. headquarters of the International House of Pancakes, but most houses are no bargain here. A 1,502-square-foot house with two bedrooms and two baths lists for $989,000.
Huntington Beach, California
February 2022 home value: $1,282,827
It certainly makes sense that a city with the nickname of “Surf City” would be on this list, since there’s plenty of beach here. A 1,480-square-foot house with four bedrooms and two baths lists for $995,000.
February 2022 home value: $1,330,777
The capital of Hawaii is a pricey place, with an average score of 176.5 (100 is average) from BestPlaces.net. That certainly applies to home prices. For $995,000, you can buy a 1,140-square-foot home with three bedrooms and two baths.
February 2022 home value: $1,402,120
Home to Pepperdine and UC-Irvine, among other universities, Irvine can cost $831.67 per square foot: A 1,200-square-foot home with four bedrooms and two bathrooms lists for $998,000.
San Jose, California
February 2022 home value: $1,527,880
The biggest city in the South Bay Area features the highest price per square foot ($917.28) and smallest-sized house (1,088 square feet) on this list. You can find a three-bedroom, one-bathroom house for $998,000.
February 2022 home value: $1,572,311
For $771.52 per square foot, you can land a house in the East Bay. A three-bedroom, one-bath, 1,296-square-foot home lists for $999,888.
February 2022 home value: $1,686,780
You might have expected this to be at the top of the list, since it’s such a premier city. And the price per square foot ($888) sure fits that label. For $999,000, you can buy a 1,125-square-foot-home with two bedrooms and one bathroom.
February 2022 home value: $2,350,524
In Sunnyvale, the home to many in Silicon Valley, you can buy a 2,018-square-foot home with six (yes, six) bedrooms and three bathrooms for $999,999.
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Methodology: For this piece, GOBankingRates looked at the 15 cities in the United States that had a February 2022 home value of over $1 million. For these 15 cities, GOBankingRates used Redfin to find a home priced between $950,000 and $1,000,000. GOBankingRates included the square footage, beds and baths and listing price. GOBankingRates also calculated the price per square foot. All data was collected and is up to date as of March 31, 2022.