Inequality of Home Prices: Miami is #1

Business Week has a story on "The Inequality of Home Prices," where it has quantified the inequality of house prices for more than 100 metro areas by comparing the size of the gap between the 99th percentile home price to the median home price. #1 is Miami:

1. Miami-Miami Beach-Kendall, Florida
Median Home Price: $346,000
99th Percentile Home Price: $2,239,808
Inequality Index: 6.5 (99th percentile price / median price)