Naw, I'm just a non-Seattelite with a narrow definition of Capital Hill. My aunt and uncle own a house a couple of blocks down from Volunteer Park on 14th. The few times I've been there, all I've seen of Capitol Hill are those few blocks of million dollar homes. I'm vaguely aware that it's a larger area than just that (rarified) section, but that's how I think of it, and I still put that area in the "more expensive" category.
Seattle for me is the fish market and that section of Capitol Hill. You know how it is visiting family for holidays: you see their neighborhood, and "the sights," and not much else.