Real Estate
Nashville’s Million-Dollar Homes Are Shrinking Fastest in U.S.
- Buyers with $1 million will get 28% less space than in 2014
- City’s job boom spurs demand, higher prices, Zillow says
Photographer: Tanner Boriack
Million-dollar homes in the U.S. are shrinking fast.
Nowhere is that more stark than in Nashville, Tennessee, a superstar economy brimming with high-paying jobs, hip bars and new luxury downtown condos. There, $1 million buys a home that’s 28% smaller than just five years ago, according to a Zillow ranking of the 100 most-populous cities. Close behind was Oakland, California, a refuge for affluent home-shoppers seeking a cheaper alternative to San Francisco, with a 25% drop.