Data shows 6.9 million U.S. residences now cross seven-figure threshold due to decades of appreciation. Industry metrics reveal that the number of million-dollar homes in the U.S. grew from 1.5 million in 2005 to roughly 6.9 million by 2024. Owner-occupied residences valued at $1 million or more now represent 8% of all American homes, up from just 2% two decades ago. Hawaii leads the nation, with roughly 40% of its owner-occupied housing stock valued at $1 million or higher. In Mississippi, North Dakota, and West Virginia, barely 1% of owner-occupied homes clear the million-dollar mark, while states like Iowa, Indiana, Kentucky, Louisiana, Nebraska, and Ohio all remain under 2%.