The number of US households earning at least $1 million more than quadrupled between 2017 and 2022, according to a new study from Point2. While most millionaire homeowners belong to Generation X on the national scale, baby boomers run the millionaire homeowner’s club here in the Portland metro area.

Take a look at the local numbers broken down by generation:

36.7% of millionaire homeowners are baby boomers
30.1% belong to Gen X
14.2% are millennials
14% are Gen Z (“mostly due to young adults living with wealthy parents”)

Who are they?

The study found that the “average” millionaire homeowner in the Portland-Vancouver-Hillsboro metro is likely a physician, real estate broker, or sales agent. They own a $1.3 million, five-bedroom home, and their garage accommodates around three cars.

Nationally, the “typical” millionaire homeowner is a 50-year-old chief executive or physician living in San Francisco or New York. Their home is, on paper, similar to the Portland profile — but costs a bit more at $1.8 million.

Fits the bill

Curious about the kind of home our local millionaire owners reside in? Check out these Portland properties for sale.