- A July 2019 study by $4 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.
- $4 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.
- $4
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 $4 found 48 US cities where you can own a mansion for under $1 million.
Read more: $4
The study looked at the 200 largest US cities (in terms of population) and defined homes between $4 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 $4, 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.