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Just saw this interesting breakdown of where ultra-wealthy folks are actually buying their mansions across America. Turns out Florida absolutely dominates if you're looking at sheer concentration of luxury properties over $3M. They've got like 6,100+ high-end homes packed into their state, which is wild.
But here's what caught my attention - when you look at density relative to land area, the Northeast completely flips the script. New Jersey and Massachusetts have insane mansion-per-square-mile ratios. New Jersey especially is dense with luxury real estate, which makes sense given proximity to NYC wealth.
The top states where mansions are most concentrated: Florida leads by volume, but if you're talking pure density, New Jersey, Massachusetts, and Hawaii punch way above their weight. Connecticut and Rhode Island are also surprisingly packed with ultra-wealthy properties relative to their size.
California and New York round out the top tier obviously - both have massive luxury markets just due to sheer number of high-net-worth individuals. But California's so spread out that Florida actually has better concentration when you break down mansions per square mile.
Makes you think about which state actually has the most mansions when you factor in space constraints versus total inventory. Florida wins on volume, but the Northeast is where wealth density really clusters.