Median Home Prices Top $1 Million in Over 200 California Towns

Towns once known for their affordability are seeing sharply rising home prices.

1 minute read

April 16, 2024, 12:00 PM PDT

By Diana Ionescu @aworkoffiction

View of Spanish-style homes in dense neighborhood in Orange County, California at sunset.

Don / Adobe Stock

California towns once known for their relative affordability are quickly becoming ‘million-dollar cities,’ reports Terry Castleman in the Los Angeles Times.

According to Zillow, home values in cities like Tustin and Placentia in Orange County grew by almost 12 percent last year. “California has 210 cities where the median home value is more than $1 million, representing a sizable portion of the 550 so-called ‘million-dollar cities’ in the U.S., according to Zillow. California has more million-dollar cities than the next five states combined.”

California added 12 cities to the list of million-dollar median prices last year. On the other side of the country, New Jersey added 14 cities to the same list. In some cases, restrictive zoning and historic preservation rules throttle new development, driving up housing costs and driving more residents out of state.

Monday, April 15, 2024 in Los Angeles Times

Aerial view of homes on beach in Maui, Hawaii

Hawaii Passes First Legislation Regulating Short-Term Rentals Statewide

The new law will give counties the power to limit number or short-term rentals and convert existing short-term rental units back into long-term residential housing.

May 13, 2024 - USA Today

Google office building in Virginia.

Virginia Data Centers Draining State’s Water Supply

Being the world’s largest data center hub is having a severe impact on local water resources.

May 9, 2024 - Grist

Entrance to a drive-through car wash at night with green 'Enter' sign.

Ohio Towns Move to Ban New Car Washes

City officials in northeast Ohio are putting limits on how many car wash facilities can open in their towns.

May 16, 2024 - News 5 Cleveland

Grand Coulee Dam in Washington state.

Northwest Power Demand Could Surge as Data Centers, Transportation Electrification Ramps Up

New estimates project a steady increase in electricity demand due to population growth, data centers, and the shift to electric power in homes, buildings, and transportation.

May 17 - Governing

Blurred traffic speeding by on freeway with Los Angeles skyline in background.

California Testing Per-Mile Gas Tax Alternatives

A summer pilot program will test the fairness and efficacy of collection mechanisms for mileage-based fee options.

May 17 - Newsweek

Close-up of 'Pay rent' note in red marker on day 1 of monthly calendar.

After Months of Decreases, Rents Nationwide Are Going Up

Average rents rose by $12 around the country so far this year.

May 17 - Smart Cities Dive

News from HUD User

HUD's Office of Policy Development and Research

Call for Speakers

Mpact Transit + Community

New Updates on PD&R Edge

HUD's Office of Policy Development and Research

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.