Markets
The U.S. States With the Most Million Dollar Homes
Whether it’s a mansion in the suburbs or a penthouse in the city center, the price tag of any prime piece of real estate is usually measured in the millions.
Where in the United States can the most multi-million dollar homes be found – and which specific cities have the highest growth rates for high-end property listings?
Million Dollar Homes
Today’s interactive visualization comes to us from Overflow Data, and it shows the percentage of homes worth greater than a million dollars in each state, as well as D.C.
The first thing that stands out here is the skewed distribution.
The rate of million dollar homes per state ranges from 0.5% (Indiana) to 17.3% (D.C.), but the median is only 1.1%. That means that the vast amount of states are closer to the zero end of the spectrum.
In fact, only six jurisdictions exceed the 4% mark:
| Rank | Jurisdiction | % of million dollar homes |
|---|---|---|
| #1 | Washington, D.C. | 17.3% |
| #2 | California | 13.6% |
| #3 | Hawaii | 13.5% |
| #4 | New York | 7.0% |
| #5 | Massachusetts | 5.2% |
| #6 | Connecticut | 4.5% |
Leading the pack is Washington D.C. with 17.3% of all homes exceeding the $1 million benchmark. This puts the nation’s capital ahead of California (13.6%), Hawaii (13.5%), and New York (7.0%).
The high degree of expensive homes in D.C. is not surprising, since the district is a small, urban jurisdiction, with no real “countryside” where more affordable homes can usually be found.
Changing Cities
But what specific cities are trending upwards? Where are there increasing amounts of homes worth over a million bucks?
The above map from Realtor.com breaks down the cities that have the biggest increases in million dollar homes over the last three years.
Here’s a closer look:
| Rank | City | >$1mm homes (2017) | >$1 mm homes (2014) | Difference |
|---|---|---|---|---|
| #1 | Denver, CO | 9.4% | 3.3% | +6.1% |
| #2 | Santa Rosa, CA | 14.1% | 8.1% | +6.0% |
| #3 | Boulder, CO | 14.7% | 9.0% | +5.7% |
| #4 | Truckee, CA | 12.4% | 7.1% | +5.3% |
| #5 | Fredericksburg, TX | 13.6% | 9.8% | +3.8% |
| #6 | Heber, UT | 10.5% | 6.8% | +3.7% |
| #7 | Boston, MA | 9.9% | 6.8% | +3.1% |
| #8 | Seattle, WA | 7.7% | 5.3% | +2.4% |
| #9 | Santa Fe, NM | 11.7% | 9.4% | +2.3% |
| #10 | Charleston, SC | 7.0% | 4.9% | +2.1% |
The most impressive representation on the list comes from Colorado, where Denver and Boulder are #1 and #3 respectively.
That said, these cities are anomalies within Colorado as a whole, which has just 2.9% of all homes worth $1 million or more.
Markets
Graphene: An Investor’s Guide to the Emerging Market
The market value of graphene could reach $3.75 billion by 2030. As the emerging industry shows fast growth, it also faces obstacles.
Graphene: An Investor’s Guide to the Emerging Market
Graphene is an atomic-scale “honeycomb” that is revolutionizing the world of materials and capturing investor attention.
Experts predict that its market value could reach the billion-dollar threshold by 2027 and soar to a staggering $3.75 billion by 2030.
In this infographic sponsored by HydroGraph, we dive into everything investors need to know about this exciting industry and where it’s headed.
Promising Properties
Graphene possesses several unique physical properties which contribute to its wide range of potential applications.
- 200 times stronger than steel
- Harder than diamonds
- 1,000 times lighter than paper
- 98% transparent
- Higher electrical conductivity than copper
- Heat conductivity: 5 times that of copper
- 2,630 m² of surface area per gram
Since its first successful isolation in 2004, graphene’s properties have opened the doors to a multitude of commercial applications and products.
Applications of Graphene
Graphene has permeated numerous sectors like electronics, energy, and healthcare because of its impressive array of end uses.
| Industry | Revenue CAGR of Graphene Across Industries, 2022-2027 |
|---|---|
| Biomedical and Healthcare | 52% |
| Electronics and Telecommunications | 34% |
| Energy | 25% |
| Aerospace and Defense | 16% |
| Other End-User Industries | 17% |
Graphene’s antibacterial properties make it highly suitable for medical instruments and implants. Furthermore, it has shown remarkable potential in helping treat diseases such as cancer.
Another one of the material’s applications is its ability to emit high-speed light pulses, or to combine graphene’s thinness and high-conductivity to create the tiniest possible light sources.
All in all, it’s difficult to sum up graphene’s properties and potential applications in one place. The supermaterial has been covered and cited in thousands of academic journals, and comes up with over 2 million search results on Google Scholar.
Graphene Commercialization
Graphene has evolved from a scientific breakthrough to a commercial reality in less than two decades, putting it firmly on the radar of many future-focused investors.
But despite the strides the industry is making, it is still in its infancy, and therefore challenges exist on the path to widespread adoption. Here are the top five commercialization obstacles perceived by industry players.
| Obstacle | % of survey respondents |
|---|---|
| Cost | 31% |
| Production Methods, Scaling, and Distribution | 21% |
| Material Quality/Consistency | 17% |
| Lack of Knowledge/Awareness | 15% |
| Dispersion/Handling | 14% |
When transitioning cutting-edge materials from the laboratory to consumer products, challenges like these can be expected. But one company is tackling them head-on.
By producing 99.8% pure graphene, and ensuring batch-to-batch consistency, HydroGraph is helping meet the growing demand for graphene products across industries while addressing challenges like cost, scale, and quality.
Interested in learning more? Explore investment opportunities with HydroGraph now.
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