In this particular case a starter home is specifically an average of the bottom third of the housing market. Zillow recently reported that, using that as the metric, 242 American cities now have starter homes costing one million dollars.
The nationwide average for a starter home is about $200k, which is still a lot, but not the huge figure that’s been making the news this week.
No that was a genuine question, I don’t think I‘ve ever heard that term before.
In this particular case a starter home is specifically an average of the bottom third of the housing market. Zillow recently reported that, using that as the metric, 242 American cities now have starter homes costing one million dollars.
The nationwide average for a starter home is about $200k, which is still a lot, but not the huge figure that’s been making the news this week.