Demographic trends and the effects of the COVID-19 pandemic caused a nationwide surge in the number of U.S. cities and towns with a typical home value of at least $1 million in 2020, according to an analysis by Zillow.
There are now 312 U.S. cities and towns nationwide with a typical home value of at least $1 million — 45 more than a year ago and the largest increase in at least a decade, according to Zillow.
As of November 2020, there are four $1 million cities in the Dallas-Fort Worth metro area. The typical home value across the metro is $268,012.
The four are:
Westlake, with a typical home value of $1,752,752, up 6.2 percent year over year.
Highland Park, with a typical home value of $1,695,262, up 4.3 percent year over year.
Westover Hills, with a typical home value of $1,677,514, up 2.8 percent year over year.
University Park, with a typical home value of $1,468,396, up 4.3 percent year over year.
