There Are Now Six ‘Million Dollar Cities’ in Minnesota

"Million-dollar cities" are places where the average home costs at least one million dollars. These cities show economic success but also make it hard for regular people to afford homes.

A recent report from the real estate site, Zillow, says the number of these types of cities is growing throughout the country because of low inventory and high demand in the housing market. There are now six "million-dollar cities" here in Minnesota.

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California has the most million-dollar cities with 210, followed by New York with 66 and New Jersey with 49. Minnesota only has 6 and they all have one thing in common.

Most Minnesotans dream of a lake house so it's unsurprising that each of Minnesota's "Million Dollar Cities" is located on a lake. Each is also conveniently located close to the Twin Cities.

There Are Now Six 'Million Dollar Cities' in Minnesota

These six Minnesota towns had average home prices of at least one million dollars:

We'll start with Orono on the north shore of Lake Minnetonka. There are approximately 7,500 residents in Orono which has been described as one of the wealthiest communities in the state.

Hop in your pontoon and head south to arrive in the next "million-dollar city."

There are 230 homes and 540 residents in Minnetonka Beach, located about 20 miles west of Minneapolis.

Hop back in the pontoon and head east across the lake to reach the next "million-dollar city."

Woodland is even smaller than Minnetonka Beach with only 500 residents.

Hop back in the pontoon and head south to reach the next "million-dollar city."

Greenwood has 700 residents and half of its properties are located on the shore of Lake Minnetonka.

The final two "million dollar cities" aren't located on Lake Minnetonka but are close to water.

Medicine Lake is the second biggest lake in the Twin Cities area. The town has approximately 400 residents.

Minnesota's final "million dollar city" is located on the other side of the Twin Cities.

Sunfish Lake is a small residential community - roughly 500 people - about 5 miles south of St. Paul. There are four churches but no commercial development in this town.