"Record Number of U.S. Cities Hit Million-Dollar Home Prices, Zillow Reports"

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Source: WKRN News 2
"Record Number of U.S. Cities Hit Million-Dollar Home Prices, Zillow Reports"
Photo: WKRN News 2
TL;DR Summary

According to a new report from Zillow, Brentwood, Arrington, and College Grove in Tennessee have been identified as "million-dollar cities" due to rising home values, with typical prices ranging from $1,108,393 to $1,235,915. The supply shortage has led to increased competition for home-buying, resulting in a 2.5% increase in Brentwood's home prices compared to last year. These three cities join the list of 550 such cities in the U.S., with California leading the count at 210, followed by New York and New Jersey.

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