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Houston highly valued on hot list of cities with the most million-dollar homes

Houston highly valued on list of cities with most million-dollar homes

Houston Where to buy now neighborhoods Crestwood
Most homes in the tony Crestwood neighborhood are valued at well over $1 million.  Photo courtesy of HAR

Houstonians are well aware of our booming real estate market, with highly coveted properties in hot 'hoods skyrocketing to seven-figure asking prices. So it should come as little surprise to local shoppers that the Bayou City ranks prominently on a new list of cities with the most $1 million homes.

A new study released by Lending Tree ranks the top 50 cities in the U.S. with homes valued at $1 million or more. The rankings are based on the My LendingTree property value database, a collection of real estate data for more than 155 million U.S. properties, and Houston appears alongside three other pricey Texas markets.

Houston comes in at No. 14 on the list, with a 1.52 percent share of million-dollar homes. The median value of all homes in Houston is an affordable $192,000, compared to the median value of homes over $1 million: $1,401,000, the highest value in the state.

Statewide, Austin comes in just ahead of Houston at No. 11, with a 2.16 percent share of million-dollar homes. The median value of all homes in Austin is $282,000, with the median value of homes over $1 million at $1,310,000.

Dallas follows Houston at No. 18, with a 1.31 percent share of million-dollar homes. In Dallas, the median value of all homes is $213,000, and the median value of homes over $1 million is $1,395,500.

San Antonio appears at No. 39, with a 0.41 percent share of million-dollar homes. The median value of all homes in San Antonio is $191,000, with the median value of homes over $1 million is $1,319,000.

California tops the Lending Tree list, with San Jose, San Francisco, and Los Angeles coming in at first, second, and third, respectively. San Jose boasts a staggering 53.81 percent share of million-dollar homes, and the median value of all homes in that metro tops the $1 million mark, at $1,069,000.