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It’s no secret that owning a home can be expensive. While some homeowners can comfortably manage their housing costs, others are housing cost-burdened and can’t. Generally speaking, those who spend at least 31% of their monthly income on housing costs (including their mortgage payment and other costs like insurance and utilities) are considered cost-burdened.
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To see where million-dollar houses are most common, LendingTree analyzed data from the U.S. Census Bureau’s American Community Survey to find the share of million-dollar homes in each of the nation’s 50 largest metropolitan areas.
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LendingTree analyzed data from the U.S. Census Bureau American Community Survey to find which of the nation’s largest metropolitan areas are the best for homeowners. Specifically, we ranked the nation’s 50 largest metros based on nine equally weighted categories.