- West Palm Beach, FL, where the common high-end home costs 8.9 times more than the common non luxury home, has the country’s most significant luxury home rate premium.
- Next comes Miami, with a median luxury-to-non high-end home rate ratio of 8.8, and New York City City, where the normal luxury home expenses 5.5 times the normal non luxury home.
- Portland, OR, where the common high-end home expenses 2.6 times more than the common non luxury home has the nation’s tiniest luxury home rate premium, followed by Sacramento, CA (3) and Columbus, OH (2.9 ).
- Nationwide, the typical luxury home expenses 3.6 times more than the common non-luxury home, little bit changed from in 2015’s ratio of 3.5.
The common high-end home in West Palm Beach sold for $4.5 million, 8.9 times more than the common non luxury home that sold during the three months ending in May. The South Florida city has the biggest high-end home cost premium among the 49 most populated U.S. real estate markets, followed carefully by neighboring Miami, where the typical high-end home sold for 8.8 times more than the typical non-luxury home.
Next however with a much smaller sized high-end home rate premium, comes New York City, where the normal luxury home expenses 5.5 times more than the typical non high-end home.
Metros With the Most Significant High-end Home Rate Premiums, May 2026
Ranking
| Metro area | High-end median home sale | cost Non luxury median home price | Median luxury-to-non luxury home price ratio Mean luxury-to-non high-end home rate ratio | (May 2025)1. West Palm Beach, FL $4,510,196 $506,609 8.9 8.7 2. | |||
| Miami, FL | $4,855,331 $554,441 8.8 7.6 | 3. New York, NY$ | 4,380,249 | $789,723 | |||
| 5.5 5.5 4 | . Los Angeles, CA$4,512,482$916,294 4.9 | 4.8 | |||||
| 5. | Phoenix, AZ | $2,225,630 | $460,574 | 4.8 | 4.3 | ||
| 6. | Nashville, TN | $2,190,591 | $473,412 | 4.6 | 4.4 | ||
| 7. | Philadelphia, PA$1,342,284$295,000 4.6 | 4.3 | |||||
| 8. | Tampa, FL | $1,650,875 | $374,440 | 4.4 | |||
| 3.8 9. Anaheim, CA | $5,276,971 | $1,206,764 4.4 | 4.4 | 10. | |||
| San Francisco, CA | $6,648,922 | $1,558,458 4.3 | 4.2 | This report is based upon | a Redfin analysis | of MLS data that is | based on modification. All figures cover a 3 month |
| duration ending in May 2026. Redfin specifies | luxury homes as those estimated to be in the | top | 5%of their | ||||
| city area’s rate range, while non-luxury homes fall under the 35th-65th percentile. “West Palm Beach and Miami are wealth magnets for ultra-rich Americans thanks to Florida’s favorable tax environment, warm climate and waterfront way of life,” said Redfin Principal Financial expert Sheharyar Bokhari.” South Florida has actually progressed into one of the |
country’s most popular locations for high-end homebuyers. While purchasers are drawn by the beaches, environment and international connectivity, Florida’s tax benefits remain an important part of the formula for ultra-wealthy homes. That mix continues to funnel need into markets like West Palm Beach and Miami, “he added. Redfin Principal Representative Dina Blau has noticed in West Palm Beach that the property buyers who have actually been relocating to the location recently are wealthier and more youthful than those who tended to move there in the past.”We’re seeing strong migration from New york city, New Jersey, California and other high-cost city areas. Numerous purchasers are transferring earlier in life than in past cycles– frequently in their 40s and 50s– driven by remote and hybrid work, tax advantages and way of life versatility,”she said. Nationwide, the common high-end home
costs 3.6 times more than the normal non-luxury home, bit changed from in 2015’s ratio of 3.5. In May, luxury home rates rose nearly five times faster than non high-end costs. High-end property buyers are mostly unfazed by the mix of high rates and home loan rates that are sidelining most
Americans from buying a home now if they don’t need to. Portland, OR has the nation’s tiniest high-end home cost premium, with the common luxury home costing 2.6 times more than the common non luxury home. It’s followed by Sacramento, CA(3 )and Columbus, OH(2.9). Metros With the Smallest Luxury Home Rate Premiums, May 2026 Ranking Metro location Luxury typical home list price Non high-end typical home sale price Typical luxury-to-non luxury home rate ratio Mean luxury-to-non high-end home price ratio(May 2025 )1. Portland, OR $ 1,459,821$553,396 2.6 2.6 2.
Sacramento, CA$ 1,721,234 $583,254 3 2.8 3. Columbus, OH$ 1,017,342
$
| 350,000 | 2.9 2.9 4. Riverside, CA | $1,723,962$580,962 3 2.9 5. Cincinnati, OH | $952,523$305,707 3.1 3.3 6. Virginia | Beach, VA$1,105,952$ 367,393 3 2.9 7. Montgomery County, PA | $1,544,219$499,953 3.1 3 8. San Antonio, TX $968,344$309,307 |
| 3.1 3 9. Milwaukee, WI | $1,098,057 | $349,985 | 3.1 | 3 10 | |
| . | Indianapolis, IN$1,009,314$313,242 3.2 3 This report | ||||
| is | based upon a Redfin analysis of MLS information that is | based on modification. All figures cover a 3 month | |||
| period ending in May 2026. Redfin specifies high-end homes as those estimated | to be in | the | |||
| top 5%of | their city area | ‘s cost range, while non-luxury homes fall into the 35th-65th | |||
| percentile. This report covers 49 | of the most populous locations for which Redfin has | information. Metros With | |||
| the Biggest and Smallest High-end Home Price Premiums, May 2026 | City Location Mean list price: luxury Mean | ||||
| sale price: non high-end Mean luxury/non luxury home | cost ratio Median luxury/non | luxury | |||
| home rate ratio(May 2025 )Anaheim | , CA$5,276,971$1,206,764 4.4 4.4 | Atlanta | |||
| , GA | $1,440,533$393,952 3.7 | 3.4 Austin, TX$ | 1,811,150 | $ | |
| 430,491 4.2 3.8 Baltimore, MD $1,276,125$401,419 3.2 3.2 Boston, MA $2,826,655 $750,000 3.8 3.6 Charlotte, NC$ 1,660,462$411,413 4.0 3.9 Chicago, IL $1,545,360$367,932 4.2 4.1 Cincinnati, OH $952,523$305,707 3.1 3.3 Cleveland, OH $833,228 $242,628 3.4 3.3 Columbus, OH$1,017,342$350,000 2.9 2.9 Dallas, TX $1,603,312 $408,224 3.9 3.8 Denver, CO $1,971,456 $588,405 3.4 3.2 Detroit, MI$ 719,252$204,571 3.5 3.8 Fort Worth |
, TX$1,309,293$356,042 3.7 3.3 Houston, TX$1,361,843 $335,344 4.1 3.9 Indianapolis, IN
$
| 1,009,314$ | 313,242 3.2 3 Jacksonville, | FL$1,589,567 $366,922 4.3 4.0 Kansas City, MO | $1,137,946$344,841 3.3 3.1 Las Vegas, NV $1,694,567$445,353 3.8 3.4 Los Angeles, CA$4,512,482 $916,294 4.9 4.8 Miami, FL $4,855,331$554,441 8.8
| 7.6 Milwaukee, WI$1,098,057 |
$349,985 |
3.1 |
3.0 Minneapolis, MN$1,284,400$390,778 3.3 |
3.1 |
Montgomery |
County, PA$1,544,219$499,953 3.1 |
3 Nashville, TN$
| 2,190,591$473,412 4.6 4.4 Nassau County, NY$2,862,605$737,965 |
3.9 |
3.6 New Brunswick |
, NJ$1,947,027$567,770 3.4 |
3.7 |
New York City, NY |
$4,380,249 |
$789,723 |
5.5 |
5.5 |
Newark, NJ |
$2,126,234 |
$619,875 |
3.4 |
3.3 |
Oakland, CA |
$2,999,012$907,967 |
3.3 |
3.2 Orlando, FL$1,437,130$408,365 |
3.5 |
3.4 |
Philadelphia |
, PA$1,342,284$295,000 4.6 |
4.3 |
Phoenix, AZ$2,225,630$460,574 4.8 |
4.3 |
Pittsburgh |
, PA$904,202 |
$252,900 |
3.6 |
3.6 Portland |
, OR$1,459,821$553,396 2.6 |
2.6 |
Providence, RI |
$1,714,243 |
$515,997 |
3.3 |
3.3 Riverside, CA$1,723,962$580,962 3 2.9 Sacramento
| , CA |
$1,721,234 |
$583,254 |
3 2.8 San Antonio |
, TX |
$968,344$309,307 |
3.1 |
3 San Diego |
, CA |
$3,771,304 |
$910,183 |
4.1 |
4.1 |
San Francisco |
, CA$6,648,922$1,558,458 4.3 4.2 |
San |
Jose, CA |
$5,654,565 |
$1,584,228 3.6 |
3.4 |
Seattle, |
WA$2,992,812$823,839 3.6 3.5 St. Louis, MO$ |
1,028,596 |
$278,980 |
3.7 3.5 Tampa, FL$1,650,875$374,440 4.4 |
3.8 |
Virginia Beach, VA$1,105,952$367,393 3.0 |
2.9 |
Warren, MI |
$1,052,067 |
$323,662 |
3.3 |
3.2 Washington
| , DC |
$2,040,078 |
$583,338 |
3.5 |
3.5 |
West Palm Beach, FL |
$4,510,196 |
$506,609 |
8.9 |
8.7 |
National$1,374,470$377,477 3.6 3.5 Methodology This report is based on a Redfin analysis |
of MLS data that goes through modification. All |
figures cover a |
three month duration |
ending in May 2026 |
. Redfin defines high-end homes as those approximated |
to be in the |
leading 5%of their city |
location’s price range |
, while non-luxury homes fall under the 35th-65th
| percentile. |
This report |
covers 49 |
of the most |
populous |
locations for which Redfin has information. |
|