Which American City Had the Biggest Jump in Million-Dollar Homes?

New Yorkers tend to think they’re the only people in America struggling to find affordable housing. They need to think again. The real estate website Trulia has released a new report revealing that the number of million-dollar homes in America has more than doubled since 2012.

San Francisco has seen the largest jump in the share of million-dollar homes, rising from 19.6 percent four years ago to a stunning 57.4 percent today. Five of the next six cities with the sharpest increases are also in California: San Jose, Oakland, Orange County, Los Angeles and San Diego. Honolulu, Hawaii, ranks sixth.

New York City is an also-ran in eighth place, with a jump from 7 to 12 percent. The five New York neighborhoods with the highest increases were all in – surprise! – Brooklyn. The city’s most rapidly escalating neighborhoods were all in that borough: Bedford-Stuyvesant (from 1.7 to 56.5 percent!), followed by Greenwood, Crown Heights, Greenpoint, and Borough Park.

So next time you want to bellyache about New York real estate prices, remind yourself that it could be way worse. You could be house shopping in San Jose.