A simple starter home now costs $1 million in half the states in the U.S., report reveals

A simple starter home now costs $1 million in half the states in the U.S., report reveals

Buying a starter home as a first-time buyer is supposed to be exciting, and a recognition of financial security. But in more U.S. cities, getting a starter home is even more out of reach, given the $1 million barrier to entry in hundreds of cities.  A new housing report reveals the hurdle to becoming a first-time homebuyer is now even higher in hundreds of U.S. cities.  Housing platform app Zillow reports there are now 233 locations in the U.S. …

5 years ago, only 85 US cities had starter homes that cost at least $1 million. Now there are 233.

Justin Sullivan/Getty ImagesThe typical starter home costs at least $1 million in 233 US cities, a Zillow study found.Just five years ago, only 85 cities had starter homes that cost at least $1 million.It's a telling sign of how pricey homes are, even in areas once considered relatively affordable.The typical price of a starter home was $1 million or higher in 233 US cities last month, a new report from Zillow found.To define starter home prices…