6 Cities Where Newer Luxury Homes Cost Less Than $1 Million in 2026

©Zillow

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 Years
Helping You Live Richer

Reviewed
by Experts

Trusted by
Millions of Readers

The U.S. luxury housing market varies dramatically by region, according to a new Realtor.com analysis. While established coastal metros tend to offer smaller, older luxury homes at higher prices, fast-growing Sun Belt and Midwest markets are delivering newer, larger properties — often for under $1 million.

Even with a seven-figure budget cap, buyers can still find modern luxury homes in these emerging markets. Here are six metro areas where the top 10% of listings skew newer than the national average, ranked by the median year homes were built.

Also check out where you can get a luxury home for under $300,000.

1. Orlando-Kissimmee-Sanford, Florida

• Starting price for 10% most expensive listings: $893,137
• Median year built for top 10%: 2013

2. Minneapolis-St. Paul-Bloomington, Minnesota-Wisconsin

• Starting price for 10% most expensive listings: $994,071
• Median year built for top 10%: 2012

3. San Antonio-New Braunfels, Texas

• Starting price for 10% most expensive listings: $749,566
• Median year built for top 10%: 2012

4. Dallas-Fort Worth-Arlington, Texas

• Starting price for 10% most expensive listings: $929,272
• Median year built for top 10%: 2010

5. Houston-Pasadena-The Woodlands, Texas

• Starting price for 10% most expensive listings: $776,561
• Median year built for top 10%: 2010

6. Charlotte-Concord-Gastonia, North Carolina-South Carolina

• Starting price for 10% most expensive listings: $897,204
• Median year built for top 10%: 2008

Share This Article: