With home values rising in an improving market, million-dollar homes don’t provide as much as they used to.
In some states, such as New Jersey, these pricey pads are more common than in other parts of the country.
A new report on Zillow ranks New Jersey as one of the states with the largest percentage of homes valued at $1 million. The Garden State has nearly 100,000 million-dollar homes, up from about 63,000 at the height of the recession, the report states.
Although a large percentage of North Jersey towns in the New York City region are among the richest in the country, there are still many expensive places to live in South Jersey.