San Antonio's real estate market is booming. But it may still come as a surprise to local shoppers that the Alamo City ranks on a new list of U.S. cities with the most $1 million homes.
A new study released by Lending Tree ranks the top 50 cities in the U.S. with the highest share of 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 San Antonio takes its place with some of the most coveted homes in the U.S.
San Antonio appears at No. 39 among U.S. cities and No. 4 among Texas cities, 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 at $1,319,000.
Austin comes in No. 1 in Texas, and No. 11 in the U.S., with a 2.16 percent share of million-dollar homes. The median value of all homes in Austin is $282,000, while the median value of homes over $1 million clocks in at $1,310,000.
Houston is 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 $1,401,000 median for homes over $1 million — the highest in the state.
Dallas follows 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.
California tops the Lending Tree list, with San Jose, San Francisco, and Los Angeles coming in 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.