Cities With the Biggest Bargains on Mansions
December 2, 2019
Finding an “affordable mansion” is possible, according to a new study from realtor.com®’s data team. Researchers analyzed metros across the country to pinpoint where buyers can score affordable homes that are 5,000 square feet or above at a not-so-hefty price. “A mansion in Alabama is going to be very different from a mansion in Beverly Hills,” Michael Corbett, author and host of Extra’s “Mansions and Millionaires,” told realtor.com®. “The difference is how they’re defined.”
In smaller cities, for example, he says a mansion equates to a large room count and big square footage. But in larger cities, such as Los Angeles and New York, a home may be considered a mansion if it has luxury amenities like an indoor spa and wine cellar, Corbett notes.
The South and Midwest may offer better chances of scoring a mansion than more costly coastal areas. Realtor.com® narrowed its rankings to one city per state to ensure geographic diversity. The cities with the biggest bargains on mansions, according to realtor.com®’s analysis, are:
1. Dayton, Ohio
- Median mansion price: $629,000
- Median mansion price: $679,000
3. Louisville, Ky.
- Median mansion price: $765,000
4. Allentown, Pa.
- Median mansion price: $768,820
5. Hartford, Conn.
- Median mansion price: $799,900
6. Wichita, Kan.
- Median mansion price: $844,00
7. Tulsa, Okla.
- Median mansion price: $849,900
“Affordable Mansions?! Top 10 Cities Where Homes Sell for Small Sums,” realtor.com® (Dec. 2, 2019)
Updated: December 06, 2019