Cities With the Most Mega Homes
The mansion is one of the most commonly recognized symbols of wealth in America. Big homes are large enough to entertain parties, host multiple guests, and potentially even house staff. Americans are likely familiar with the massive estates the nation’s Carnegies, Vanderbilts, and Rockefellers built during the gilded age — they are some of the grandest historic American mansions.
Not every large home in the United States is of such massive scale, or has the historical significance of Monticello or the Biltmore. But because of America’s relative wealth and abundance of space, it has become home to hundreds of thousands of large houses and mansions. While mega homes, old and more recently-built, can be found across the country, they are particularly common in the richest towns and cities in America, highly affluent suburbs, and exclusive communities.
Based on housing data from the U.S. Census Bureau’s American Community Survey, 24/7 Wall St. reviewed the towns, cities, villages, boroughs, and unincorporated areas where homes are highly expensive and very large, based on the share of homes that have at least five bedrooms. In the 22 places on this list, between 25% and 48% of homes have at least five bedrooms. Nationwide, only 4.4% of homes have five bedrooms or more. In many cases, well over half of homes are worth more than $1 million.
Generally, the towns and cities on this list can be found in the wealthiest suburbs of one of the nation’s largest cities, in particular New York City, Washington, D.C., San Francisco, and Chicago. More than half of the 22 places on this list can be found in either Virginia, New Jersey, Maryland, California, and Connecticut, which are among the richest U.S. states.