Housing: Mansion Hot Spots - Aug. 2004
Cambridge, Mass., has the highest percentage of single-family owner-occupied homes valued at $1 million or more, according to a Census survey. About one in every nine homes there is valued at $1 million or more. In Florida, Fort Lauderdale is the only city to make the top 10 nationwide:
City |
Total Owner-Occupied Single-Family Units |
Homes Valued at $1 Million or More |
Percentage |
---|---|---|---|
Cambridge, Mass | 4,453 |
516 |
11.6% |
San Francisco |
79,545 |
5,547 |
7.0 |
Pasadena, Calif. | 19,318 |
912 |
4.7 |
Los Angeles | 412,804 |
15,501 |
3.8 |
Fort Lauderdale | 22,871 |
765 |
3.3 |
Berkeley, Calif. | 15,869 |
510 |
3.2 |
Stamford, Conn. | 18,034 |
485 |
2.7 |
Honolulu | 40,162 |
1,048 |
2.6 |
Atlanta | 61,208 |
1,597 |
2.6 |
Fremont, Calif. | 40,429 |
1,052 |
2.6 |
U.S. | 55,212,108 |
313,579 |
0.6 |
Sources: "Million-Dollar Homes and Wealth in the United States," Joint Center for Housing Studies, Harvard University; "Home Values: 2000," U.S. Census