scorecard48 US cities where you can buy a mansion for under $1 million
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48 US cities where you can buy a mansion for under $1 million

48 US cities where you can buy a mansion for under $1 million
LifeThelife1 min read
You don't have to be a millionaire to own a mansion in America.    Shutterstock

  • A July 2019 study by GoBankingRates found 48 US cities where you can buy a 5,000-, 6,000-, 7,000-, or 8,000-square-foot mansion for under $1 million each.
  • Zillow defines a mansion as a very large house, typically ranging from 5,000 to 8,000 square feet.
  • In some US cities, mansions go for as little as $500,000.
  • Visit Business Insider's homepage for more stories.

You don't have to dish out millions to own a mansion in America. In fact, in some cities, it'll cost you less than $500,000 for one.

A July 2019 study by GoBankingRates found 48 US cities where you can own a mansion for under $1 million.

Read more: 12 abandoned mansions around the world that likely used to be worth millions

The study looked at the 200 largest US cities (in terms of population) and defined homes between 5,000 and 8,000 square feet as mansions.

By multiplying the median list price per square foot, GoBankingRates was able to estimate about how much a 5,000-, 6,000-, 7,000-, and 8,000-square-foot mansion would cost in each city.

Only the cities with estimated prices that fell under $1 million for all four mansion sizes made the final ranking. Each city's actual median list price per square foot was obtained from Zillow, and those numbers are as of June 2019. Note that some of the photos below feature homes from surrounding major areas and should not be considered an example of a mansion in each ranked city. They are illustrative only.

Keep reading to see the full list, in order of increasingly affordable square footage.

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