A team of European astronomers say that about 40 percent of red dwarf stars - the most common type of star in the Milky Way - have at least one planet whose temperatures would allow liquid water on the surface.
Astronomers hunting for rocky planets with the right temperature to support life estimate there may be tens of billions of them in our galaxy alone.
A European team said on Wednesday that about 40 percent of red dwarf stars - the most common type in the Milky Way - have a so-called "super-Earth" planet orbiting in a habitable zone that would allow water to flow on the surface.
Since there are around 160 billion red dwarfs in the Milky Way, the number of worlds that are potentially warm enough and wet enough to support life is enormous.
Xavier Bonfils of the Institute of Planetology and Astrophysics in Grenoble, the leader of the team, said the 40 percent figure was at the high end of what had been expected and the finding underscored the prevalence of small rocky planets.
His team is the first to calculate the number of super-Earths - planets with a mass between one and 10 times the Earth - in such habitable zones, although previous research has found the Milky Way to be awash with planets.
Red dwarfs, which are faint and cool compared to the Sun, account for around 80 percent of the stars in the Milky Way.