The densest share of $1 million homes — at more than 53.8 percent — is in San Jose, California, number crunchers at the mortgage lender found. Analysts inferred that the housing prices there followed the tech boom, leading to a city where the median home value was $1,069,000. The second and third highest-rated cities are also in California (San Francisco and Los Angeles).
At spot 31, Philadelphia is on the lower end of the list. Pittsburgh, on the other side of the commonwealth, ranks 49th. That city, where 0.17 percent of the homes are valued over $1 million, is second only to Buffalo at the very bottom of the list.
Some other highlights of the report: