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San Jose, California.
- A recent study by online loan marketplace LendingTree found the share of million-dollar homes in the 50 largest US metro areas.
- In the San Jose metro area, the percentage of million-dollar homes is more than half the total number of homes in the area, while in other metro areas, like Cincinnati, less than 1% of the total number of homes are valued at $1 million or more.
- Using LendingTree's list, Business Insider rounded up the 25 largest metro areas that have the highest share of million-dollar homes.
- Visit Business Insider's homepage for more stories.
Some US markets are flooded with million-dollar homes while others hardly have any.
A recent study by online loan marketplace LendingTree found the share of million-dollar homes in the 50 largest US metro areas.
In the San Jose metro area, the percentage of million-dollar homes is more than half the total number of homes in the area, while in other metro areas, like Cincinnati, less than 1% of the total number of homes in the area are valued at $1 million or more.
To gather data for the study, LendingTree sourced from the US Census Bureau's 2018 American Community Survey with one-year estimates. To find the share of million-dollar homes in each metro area, LendingTree divided the number of homes valued at $1 million or more by the total number of homes in the area.
Keep reading for a list of the 25 metro areas with the highest share of million-dollar homes.