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Bay Area Has The Most Millionaire Home Buyers In The Country

March 14, 2018
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According to a study by SmartAsset.com, San Francisco-Redwood City-South San Francisco had the most millionaire home buyers in the United States.

The study took data from 2016 for 88 metro areas and compared total home sales and number that were purchased by households with an income of at least $999,000.

For San Francisco-Redwood City-South San Francisco, it meant that 1.75% of homes were purchased by millionaires who on average took out of a mortgage of $3.06 million.

Other Bay Area locals also ranked high with San Rafael at #3 with a rate of 1.34%, San Jose-Sunnyvale-Santa Clara at #12 with a rate of .49%.

For full details and the complete list of metros go to SmartAsset.com.