The U.S. States With the Most Million-Dollar Homes, Ranked

A million-dollar price tag was once shorthand for an exceptional home, but seven figures have become an increasingly familiar part of the American housing market. Zillow reported in June that a record 242 U.S. cities now have starter homes alone valued at $1 million or more, almost three times the number recorded before the pandemic.

 

Home values remain elevated more broadly. The typical U.S. home was worth around $371,774 at the end of July 2026, up 1% from a year earlier, while home sales increased 7% year over year during July. Against that backdrop, a new analysis by Underwood Law Firm has ranked U.S. states by their number of million-dollar home locations, and the leader is not California.

 

The states with the most million-dollar homes

 

Texas takes the top spot with 1,184 qualifying locations, giving it a lead of 110 over Illinois. The result puts the Lone Star State around 10% ahead of second place. Its combination of major economic centers, affluent suburbs and rapidly expanded metropolitan areas helps give Texas a broad housing market rather than concentrating higher-value property in a single city.

 

Illinois places second with 1,074, making it one of only two states to exceed 1,000 in the study. Chicago and its extensive suburban belt give the state a large and varied property market, helping Illinois finish 111 locations ahead of California.

 

Perhaps the biggest surprise is California finishing third rather than first. It records 963 qualifying locations, just seven more than Ohio. California nevertheless remains synonymous with seven-figure real estate, particularly around the Bay Area, Los Angeles and coastal communities, where million-dollar homes have long been considerably more commonplace.

 

Ohio comes within touching distance of the top three, recording 956, only seven fewer than California. Its fourth-place finish is particularly striking given that the state is generally considerably more affordable than California or New York, showing that the ranking is not dominated solely by America's best-known luxury markets.

 

Pennsylvania rounds out the top five with 868 qualifying locations. That puts it 34 ahead of New York. Philadelphia's suburban market, communities surrounding Pittsburgh and the state's large number of established towns all contribute to a geographically broad housing market.

 

New York ranks sixth with 834. Although the state contains some of the country's most famously expensive housing markets, including New York City and wealthy communities on Long Island, its total remains 129 below California and 350 below Texas.

 

Michigan follows closely with 804, only 30 behind New York. Affluent communities around Detroit, along with high-value lakefront and vacation markets, help give the state a sizeable presence in the ranking.

 

Iowa is one of the ranking's less obvious top-10 entries, placing eighth with 739. It narrowly beats Wisconsin by only four, while sitting seven ahead of Missouri, producing one of the tightest clusters anywhere in the ranking.

 

Wisconsin records 735 qualifying locations to take ninth. The state finishes just four behind neighboring Iowa and three ahead of Missouri, meaning fewer than 10 locations separate eighth from tenth place.

 

Missouri completes the top 10 with 732. Its total is 452 below first-place Texas, but comfortably ahead of Minnesota, which misses the top 10 with 684.

 

States with the fewest million-dollar homes

 

At the opposite end, Rhode Island ranks 48th with 40 qualifying locations. Despite parts of the state having expensive coastal real estate, its small geographic size naturally limits the number of individual markets it can contribute. Texas records almost 30 times as many.

 

Nevada ranks 47th with 53, just 13 more than Rhode Island. Although the state includes expensive pockets around Las Vegas and Lake Tahoe, its overall number of qualifying locations remains relatively small compared with many other western states.

 

Delaware comes 46th with 57, only four more than Nevada. As one of the smallest states in the country, its lower total is perhaps less surprising, even with higher-value coastal communities contributing to its housing market.

 

Wyoming ranks 45th with 89. The state is home to some famously expensive property markets, particularly around Jackson, but its small population and limited number of cities keep its overall total well below most of the country.

 

North Dakota records 122 and ranks 44th. Its smaller population and relatively limited number of major urban markets help explain its position near the bottom, although it still has 82 more qualifying locations than Rhode Island.

 

Full ranking:

 

The study analyzed Zillow Home Value Index (ZHVI) data at city level, using figures through July 31, 2026. Zillow's ZHVI measures typical home values across different geographic areas and housing types.

 

Locations meeting the study's million-dollar threshold were grouped by state, and the number of qualifying locations in each state was calculated. States were then ranked from the highest to lowest total.

 

Source: Zillow