# 48 Places Where You Can Buy a Mansion for Under $1 Million

See where you can live in a veritable palace for cheap.View Gallery

48 photos

If you have a roomy housing budget, you may be looking for a spacious home to match. Even with today’s housing prices, you can find affordable mansions across the U.S. without crossing the seven-figure mark. In fact, Texas alone boasts 11 cities where mansions cost less than $1 million.

To determine where you can invest in luxurious real estate for cheap, GOBankingRates extrapolated the median list price per square foot in the 200 largest U.S. cities to create price estimates for mansions between 5,000 square feet and 8,000 square feet. The study discovered 48 cities where it takes less than $1 million to buy a home with 8,000 square feet.

## 1. Rochester, New York

**Price of a 5,000 sq. ft. mansion:**$286,350**Price of a 6,000 sq. ft. mansion:**$343,620**Price of a 7,000 sq. ft. mansion:**$400,890**Price of an 8,000 sq. ft. mansion:**$458,160

The median list price per square foot in Rochester is $57.27, making it the most affordable city to find mansions for sale. In fact, the median list price in this upstate New York city is just $89,900 — the fourth lowest on GOBankingRates’ list. You could buy an 8,000-square-foot mansion for under a half-million dollars.

## 2. Akron, Ohio

**Price of a 5,000 sq. ft. mansion:**$337,200**Price of a 6,000 sq. ft. mansion:**$404,640**Price of a 7,000 sq. ft. mansion:**$472,080**Price of an 8,000 sq. ft. mansion:**$539,520

The median list price of a home in Akron is $79,900 — the lowest on this list — or $67.44 per square foot. At that rate, half a million dollars could buy you a 7,000-square-foot home, with some change left over for decorating.

## 3. Birmingham, Alabama

**Price of a 5,000 sq. ft. mansion:**$337,250**Price of a 6,000 sq. ft. mansion:**$404,700**Price of a 7,000 sq. ft. mansion:**$472,150**Price of an 8,000 sq. ft. mansion:**$539,600

With a median list price of $92,500 — the fifth lowest on this list — Birmingham is an affordable city for homes of any size. In fact, you could buy an 8,000-square-foot mansion and a 6,000-square-foot mansion with $1 million and still have some money left over.

## 4. Toledo, Ohio

**Price of a 5,000 sq. ft. mansion:**$351,700**Price of a 6,000 sq. ft. mansion:**$422,040**Price of a 7,000 sq. ft. mansion:**$492,380**Price of an 8,000 sq. ft. mansion:**$562,720

With a median home value of just $70,000 and a median list price of $86,250 — the second lowest on the list — Toledo allows your money to go a long way. You could buy a 7,000-square-foot mansion with less than $500,000.

## 5. Memphis, Tennessee

**Price of a 5,000 sq. ft. mansion:**$357,550**Price of a 6,000 sq. ft. mansion:**$429,060**Price of a 7,000 sq. ft. mansion:**$500,570**Price of an 8,000 sq. ft. mansion:**$572,080

In Memphis, the median list price per square foot is $71.51, which means that $1 million could buy you approximately two 7,000-square-foot homes. If your means are more modest, the median list price of a home in Memphis is $114,900.

## 6. Rockford, Illinois

**Price of a 5,000 sq. ft. mansion:**$365,100**Price of a 6,000 sq. ft. mansion:**$438,120**Price of a 7,000 sq. ft. mansion:**$511,140**Price of an 8,000 sq. ft. mansion:**$584,160

Rockford, located in the northern part of Illinois, has a median home list price of $108,000. Even if you purchased an 8,000-square-foot mansion in Rockford, you’d spend far less than $1 million on your abode.

## 7. Cleveland

**Price of a 5,000 sq. ft. mansion:**$369,150**Price of a 6,000 sq. ft. mansion:**$442,980**Price of a 7,000 sq. ft. mansion:**$516,810**Price of an 8,000 sq. ft. mansion:**$590,640

Cleveland has a median home value of just $55,000. The median home list price is considerably higher, at $88,700, but it’s still the third lowest on GOBankingRates’ list. The average list price per square foot in Cleveland is $73.83, so you can expect to pay nearly $600,000 for an 8,000-square-foot mansion.

## 8. Augusta, Georgia

**Price of a 5,000 sq. ft. mansion:**$409,550**Price of a 6,000 sq. ft. mansion:**$491,460**Price of a 7,000 sq. ft. mansion:**$573,370**Price of an 8,000 sq. ft. mansion:**$655,280

Golfers may be interested to learn that you can own an 8,000-square-foot mansion in Augusta — home of the famous Masters Tournament — for far less than $1 million. Of course, your home won’t include a membership to the Augusta National Golf Club, which will reportedly cost you $40,000, plus yearly dues.

## 9. Montgomery, Alabama

**Price of a 5,000 sq. ft. mansion:**$410,300**Price of a 6,000 sq. ft. mansion:**$492,360**Price of a 7,000 sq. ft. mansion:**$574,420**Price of an 8,000 sq. ft. mansion:**$656,480

In Alabama’s capital, the median home list price is $153,900. If you’re looking for something fancier, you can splurge on an 8,000-square-foot mansion for under $700,000.

## 10. Killeen, Texas

**Price of a 5,000 sq. ft. mansion:**$421,550**Price of a 6,000 sq. ft. mansion:**$505,860**Price of a 7,000 sq. ft. mansion:**$590,170**Price of an 8,000 sq. ft. mansion:**$674,480

Killeen boasts affordable housing prices along with museums, golf courses and other attractions. If paying roughly $700,000 for an 8,000-square-foot mansion still seems too steep for you, the median list price for a home in Killeen is $159,900.

## 11. Brownsville, Texas

**Price of a 5,000 sq. ft. mansion:**$445,150**Price of a 6,000 sq. ft. mansion:**$534,180**Price of a 7,000 sq. ft. mansion:**$623,210**Price of an 8,000 sq. ft. mansion:**$712,240

Brownsville lies on the Gulf Coast, near the southernmost tip of Texas. The median home list price in this city is $155,000, but if your tastes run more expensive than that, you could score an 8,000-square-foot mansion for just over $700,000.

## 12. Fayetteville, North Carolina

**Price of a 5,000 sq. ft. mansion:**$448,400**Price of a 6,000 sq. ft. mansion:**$538,080**Price of a 7,000 sq. ft. mansion:**$627,760**Price of an 8,000 sq. ft. mansion:**$717,440

Fayetteville is situated on the Cape Fear River and home to Fort Bragg. If the price tag for even a 5,000-square-foot mansion seems out of reach, don’t despair. The median home list price in Fayetteville is a reasonable $159,900.

## 13. Topeka, Kansas

**Price of a 5,000 sq. ft. mansion:**$455,350**Price of a 6,000 sq. ft. mansion:**$546,420**Price of a 7,000 sq. ft. mansion:**$637,490**Price of an 8,000 sq. ft. mansion:**$728,560

Topeka is one of just two Kansas towns on this list. The average home value in Topeka is $112,200, and the median list price is $139,000. If you have a little more to spend, consider a 5,000-square-foot mansion, which costs less than $500,000.

## 14. Buffalo, New York

**Price of a 5,000 sq. ft. mansion:**$456,250**Price of a 6,000 sq. ft. mansion:**$547,500**Price of a 7,000 sq. ft. mansion:**$638,750**Price of an 8,000 sq. ft. mansion:**$730,000

If your homebuying budget exceeds $750,000, consider looking at 8,000-square-foot mansions in Buffalo. However, if you’re more interested in quantity, not quality, you can find average listings for $119,250.

## 15. Mobile, Alabama

**Price of a 5,000 sq. ft. mansion:**$468,200**Price of a 6,000 sq. ft. mansion:**$561,840**Price of a 7,000 sq. ft. mansion:**$655,480**Price of an 8,000 sq. ft. mansion:**$749,120

Mobile is home to the original Mardi Gras celebration, which was first held in 1703. Even if a 5,000-square-foot mansion doesn’t seem affordable, you can find average homes listed for $164,900 in this city.

## 16. Shreveport, Louisiana

**Price of a 5,000 sq. ft. mansion:**$476,350**Price of a 6,000 sq. ft. mansion:**$571,620**Price of a 7,000 sq. ft. mansion:**$666,890**Price of an 8,000 sq. ft. mansion:**$762,160

Should you happen to win big on one of the riverboat casinos, you might decide to splurge on a mansion in Shreveport. But, even if you don’t manage to hit the jackpot, you can still browse the affordable homes in this area, which have a median list price of $165,000.

## 17. Fort Wayne, Indiana

**Price of a 5,000 sq. ft. mansion:**$484,400**Price of a 6,000 sq. ft. mansion:**$581,280**Price of a 7,000 sq. ft. mansion:**$678,160**Price of an 8,000 sq. ft. mansion:**$775,040

In Fort Wayne, the median home list price is $167,250. For those with a more robust homebuying budget, however, even an 8,000-square-foot mansion can be had for under $800,000.

## 18. Springfield, Missouri

**Price of a 5,000 sq. ft. mansion:**$496,150**Price of a 6,000 sq. ft. mansion:**$595,380**Price of a 7,000 sq. ft. mansion:**$694,610**Price of an 8,000 sq. ft. mansion:**$793,840

Springfield is located in the middle of the Ozark Mountains, but you can still swim with the sharks here. The Johnny Morris’ Wonders of Wildlife National Museum & Aquarium offers shark diving for the bravest of souls. Springfield’s other claim to fame is a cheap housing market — homebuyers can get an 8,000-square-foot mansion for less than $800,000.

## 19. El Paso, Texas

**Price of a 5,000 sq. ft. mansion:**$498,200**Price of a 6,000 sq. ft. mansion:**$597,840**Price of a 7,000 sq. ft. mansion:**$697,480**Price of an 8,000 sq. ft. mansion:**$797,120

El Paso is located on the far western side of Texas, just south of the border with New Mexico, on the Rio Grande. The median home list price is $183,250, though the median home value is $129,300.

## 20. Tulsa, Oklahoma

**Price of a 5,000 sq. ft. mansion:**$498,300**Price of a 6,000 sq. ft. mansion:**$597,960**Price of a 7,000 sq. ft. mansion:**$697,620**Price of an 8,000 sq. ft. mansion:**$797,280

Tulsa can be found in northeastern Oklahoma, on the Arkansas River. While an 8,000-square-foot mansion in Tulsa will set you back nearly $800,000, the average home can be purchased for $196,950.

## 21. Evansville, Indiana

**Price of a 5,000 sq. ft. mansion:**$500,450**Price of a 6,000 sq. ft. mansion:**$600,540**Price of a 7,000 sq. ft. mansion:**$700,630**Price of an 8,000 sq. ft. mansion:**$800,720

If you win big at the Tropicana Evansville casino, you might be tempted to sink about $800,000 of your winnings into an 8,000-square-foot mansion. Or, you can put most of that money into your savings and snap up an average home in Evansville for $149,900.

## 22. Lubbock, Texas

**Price of a 5,000 sq. ft. mansion:**$518,250**Price of a 6,000 sq. ft. mansion:**$621,900**Price of a 7,000 sq. ft. mansion:**$725,550**Price of an 8,000 sq. ft. mansion:**$829,200

In Lubbock, the home of Texas Tech University, the median home list price is $194,950, and the median home value is $135,800. Aiming for an 8,000-square-foot mansion will set you back over $800,000.

## 23. Spring, Texas

**Price of a 5,000 sq. ft. mansion:**$524,100**Price of a 6,000 sq. ft. mansion:**$628,920**Price of a 7,000 sq. ft. mansion:**$733,740**Price of an 8,000 sq. ft. mansion:**$838,560

Spring is 20 miles north of Houston. If you don’t want to part with $524,100 to live in a 5,000-square-foot mansion here, you can purchase a home for the median list price of $269,000 — though it’s still the highest on GOBankingRates’ list. The median home value in Spring is only $194,800 in comparison.

## 24. Indianapolis

**Price of a 5,000 sq. ft. mansion:**$533,700**Price of a 6,000 sq. ft. mansion:**$640,440**Price of a 7,000 sq. ft. mansion:**$747,180**Price of an 8,000 sq. ft. mansion:**$853,920

Indianapolis is the largest city in Indiana, and it’s also the state capital. For the price of one 5,000-square-foot mansion, you could buy three average homes at the median list price of $175,000.

## 25. Amarillo, Texas

**Price of a 5,000 sq. ft. mansion:**$534,150**Price of a 6,000 sq. ft. mansion:**$640,980**Price of a 7,000 sq. ft. mansion:**$747,810**Price of an 8,000 sq. ft. mansion:**$854,640

If you had a $1 million homebuying budget in Amarillo, you could buy an 8,000-square-foot mansion with nearly $150,000 to spare. Or, you could buy five homes at the median list price of $198,000.

## 26. Huntsville, Alabama

**Price of a 5,000 sq. ft. mansion:**$540,150**Price of a 6,000 sq. ft. mansion:**$648,180**Price of a 7,000 sq. ft. mansion:**$756,210**Price of an 8,000 sq. ft. mansion:**$864,240

The median home list price in Huntsville is $262,230 — the fourth highest on this list. However, the median home value is just $152,900, which is more than $100,000 below the average listing.

## 27. Ocala, Florida

**Price of a 5,000 sq. ft. mansion:**$542,300**Price of a 6,000 sq. ft. mansion:**$650,760**Price of a 7,000 sq. ft. mansion:**$759,220**Price of an 8,000 sq. ft. mansion:**$867,680

If you’re unwilling to spend more than $500,000 on a mansion in Ocala, you could move forward with something more modest. The median home list price here is $184,500.

## 28. Laredo, Texas

**Price of a 5,000 sq. ft. mansion:**$546,450**Price of a 6,000 sq. ft. mansion:**$655,740**Price of a 7,000 sq. ft. mansion:**$765,030**Price of an 8,000 sq. ft. mansion:**$874,320

As a rough estimate, a mansion in Laredo will cost you between $500,000 and $900,000. However, the median home list price is much more reasonable, at $195,000.

## 29. Oklahoma City

**Price of a 5,000 sq. ft. mansion:**$548,500**Price of a 6,000 sq. ft. mansion:**$658,200**Price of a 7,000 sq. ft. mansion:**$767,900**Price of an 8,000 sq. ft. mansion:**$877,600

In Oklahoma City, even a starter mansion of 5,000 square feet will set you back more than a half-million dollars. The median home list price is $194,900, and the median home value is $131,200.

## 30. Greensboro, North Carolina

**Price of a 5,000 sq. ft. mansion:**$548,600**Price of a 6,000 sq. ft. mansion:**$658,320**Price of a 7,000 sq. ft. mansion:**$768,040**Price of an 8,000 sq. ft. mansion:**$877,760

Homebuying might not be out of reach for you in Greensboro, even if you come up short against the $550,000 needed to buy a 5,000-square-foot mansion. The median home list price in Greensboro is $203,900.

## 31. Lawrenceville, Georgia

**Price of a 5,000 sq. ft. mansion:**$551,350**Price of a 6,000 sq. ft. mansion:**$661,620**Price of a 7,000 sq. ft. mansion:**$771,890**Price of an 8,000 sq. ft. mansion:**$882,160

Lawrenceville has a median home list price of $250,000, the fifth highest on GOBankingRates’ list. To buy a 5,000-square-foot mansion, you would need the money from two average homes in Lawrenceville.

## 32. Winston-Salem, North Carolina

**Price of a 5,000 sq. ft. mansion:**$556,100**Price of a 6,000 sq. ft. mansion:**$667,320**Price of a 7,000 sq. ft. mansion:**$778,540**Price of an 8,000 sq. ft. mansion:**$889,760

The median home list price in Winston-Salem is $194,000. It’s one of the cities where you can aim for an 8,000-square-foot mansion even without $1 million.

## 33. Little Rock, Arkansas

**Price of a 5,000 sq. ft. mansion:**$557,300**Price of a 6,000 sq. ft. mansion:**$668,760**Price of a 7,000 sq. ft. mansion:**$780,220**Price of an 8,000 sq. ft. mansion:**$891,680

An 8,000-square-foot mansion in Little Rock, Arkansas’ capital, will set you back close to $900,000. Meanwhile, the median home list price here is only $223,000.

## 34. Milwaukee

**Price of a 5,000 sq. ft. mansion:**$569,600**Price of a 6,000 sq. ft. mansion:**$683,520**Price of a 7,000 sq. ft. mansion:**$797,440**Price of an 8,000 sq. ft. mansion:**$911,360

Is your homebuying budget just shy of $1 million? If so, check out Milwaukee, where an 8,000-square-foot mansion costs under $950,000. The median home list price in this city is $135,000.

## 35. Knoxville, Tennessee

**Price of a 5,000 sq. ft. mansion:**$576,350**Price of a 6,000 sq. ft. mansion:**$691,620**Price of a 7,000 sq. ft. mansion:**$806,890**Price of an 8,000 sq. ft. mansion:**$922,160

With a $1 million budget, you could snag an 8,000-square-foot mansion in Knoxville and still have money left over for home improvement projects. Or, you could buy four separate homes at the median list price of $249,000.

## 36. Clarksville, Tennessee

**Price of a 5,000 sq. ft. mansion:**$576,950**Price of a 6,000 sq. ft. mansion:**$692,340**Price of a 7,000 sq. ft. mansion:**$807,730**Price of an 8,000 sq. ft. mansion:**$923,120

In Clarksville, which is 40 miles northwest of Nashville, Tennessee, the median home list price is $234,900. The median home value is far below that, at $161,600.

## 37. Savannah, Georgia

**Price of a 5,000 sq. ft. mansion:**$585,400**Price of a 6,000 sq. ft. mansion:**$702,480**Price of a 7,000 sq. ft. mansion:**$819,560**Price of an 8,000 sq. ft. mansion:**$936,640

Savannah is well known for its architecture, so you could probably find a Georgian Colonial or Greek Revival mansion for $1 million. For those with a more modest budget, the median home list price here is $230,000.

## 38. Columbia, South Carolina

**Price of a 5,000 sq. ft. mansion:**$587,850**Price of a 6,000 sq. ft. mansion:**$705,420**Price of a 7,000 sq. ft. mansion:**$822,990**Price of an 8,000 sq. ft. mansion:**$940,560

In the capital of South Carolina, the median list price for a home is $189,000. You could also spend about five times that amount and purchase an 8,000-square-foot mansion.

## 39. Grand Prairie, Texas

**Price of a 5,000 sq. ft. mansion:**$591,250**Price of a 6,000 sq. ft. mansion:**$709,500**Price of a 7,000 sq. ft. mansion:**$827,750**Price of an 8,000 sq. ft. mansion:**$946,000

Grand Prairie is a suburb of Dallas. The median home value in Grand Praire is $211,000, and the median home list price is $265,000 — the second highest on the list.

## 40. Wichita, Kansas

**Price of a 5,000 sq. ft. mansion:**$594,700**Price of a 6,000 sq. ft. mansion:**$713,640**Price of a 7,000 sq. ft. mansion:**$832,580**Price of an 8,000 sq. ft. mansion:**$951,520

In Kansas’ largest city, the median home list price is $175,000. You can get a 5,000-square-foot mansion for less than $600,000.

## 41. Roanoke, Virginia

**Price of a 5,000 sq. ft. mansion:**$600,250**Price of a 6,000 sq. ft. mansion:**$720,300**Price of a 7,000 sq. ft. mansion:**$840,350**Price of an 8,000 sq. ft. mansion:**$960,400

In Roanoke, which is nestled between the Allegheny Mountains and the Blue Ridge Mountains, you can get a sizable home for less than $1 million. A seven-figure budget could also buy five average homes at the median list price of $196,950.

## 42. Newark, New Jersey

**Price of a 5,000 sq. ft. mansion:**$612,200**Price of a 6,000 sq. ft. mansion:**$734,640**Price of a 7,000 sq. ft. mansion:**$857,080**Price of an 8,000 sq. ft. mansion:**$979,520

The only locale in New Jersey to make GOBankingRates’ list, Newark has a median home list price of $250,000. So, you could buy nearly four houses in Newark for the cost of an 8,000-square-foot mansion.

## 43. San Antonio

**Price of a 5,000 sq. ft. mansion:**$612,750**Price of a 6,000 sq. ft. mansion:**$735,300**Price of a 7,000 sq. ft. mansion:**$857,850**Price of an 8,000 sq. ft. mansion:**$980,400

San Antonio is the second-most populous city in Texas, and it’s one of 11 places in the state where you can get 8,000 square feet for less than $1 million. If you’d prefer to save money on housing, though, you can choose to buy an average home for $243,750.

## 44. Newport News, Virginia

**Price of a 5,000 sq. ft. mansion:**$617,350**Price of a 6,000 sq. ft. mansion:**$740,820**Price of a 7,000 sq. ft. mansion:**$864,290**Price of an 8,000 sq. ft. mansion:**$987,760

If you had $1 million to spend on a home, you could buy an 8,000-square-foot mansion in Newport News. Or, you could buy five homes at the median list price of $199,900.

## 45. Lakeland, Florida

**Price of a 5,000 sq. ft. mansion:**$619,850**Price of a 6,000 sq. ft. mansion:**$743,820**Price of a 7,000 sq. ft. mansion:**$867,790**Price of an 8,000 sq. ft. mansion:**$991,760

Lakeland, located about 30 miles from Tampa, Florida, has a median home list price of $209,000. If your budget is significantly larger than that, you can snag a mansion up to 8,000 square feet for less than $1 million.

## 46. Jacksonville, Florida

**Price of a 5,000 sq. ft. mansion:**$622,650**Price of a 6,000 sq. ft. mansion:**$747,180**Price of a 7,000 sq. ft. mansion:**$871,710**Price of an 8,000 sq. ft. mansion:**$996,240

Jacksonville is situated in northeast Florida, next to the Atlantic Ocean. If mansions here are out of your price range, you can purchase a home at the median list price of $220,000.

## 47. Arlington, Texas

**Price of a 5,000 sq. ft. mansion:**$623,650**Price of a 6,000 sq. ft. mansion:**$748,380**Price of a 7,000 sq. ft. mansion:**$873,110**Price of an 8,000 sq. ft. mansion:**$997,840

You can buy an 8,000-square-foot mansion in Arlington for less than $1 million, but not by much. The median list price here is $262,900 — the third highest of any city on the list.

## 48. Garland, Texas

**Price of a 5,000 sq. ft. mansion:**$624,800**Price of a 6,000 sq. ft. mansion:**$749,760**Price of a 7,000 sq. ft. mansion:**$874,720**Price of an 8,000 sq. ft. mansion:**$999,680

Though Garland has the highest average list price per square foot on GOBankingRates’ list, you can still secure an 8,000-square-foot mansion for less than a $1 million investment. The median list price in Garland is $224,900, and the median home value is $201,300.

**More on Investing In Real Estate**

**9 Safe Investments With the Highest Returns****Best Robo-Advisors of 2019-2020****Best Investment Apps of 2019****Best Balance-Transfer Credit Cards of 2019**

*Methodology: **GOBankingRates analyzed the top 200 U.S cities in terms of population to find where in the United States it’s possible to buy a mansion for under $1 million. GOBankingRates used Zillow’s definition of a mansion from its “Residential Home Types” definition page, which defines a mansion as “a very large house; somewhere between 5,000 and 8,000 square feet.” The study used Zillow’s June 2019 median list price per square foot, which was then multiplied out to give each city 5,000-square-foot, 6,000-square-foot, 7,000-square-foot and 8,000-square-foot mansion prices. Only cities where mansions cost under $1 million at 5,000 square feet through 8,000 square feet were included in the final ranking. GOBankingRates also found June 2019 median list prices and home values for each city, sourced from Zillow. All data used to conduct this study was compiled and verified on July 21, 2019.*

*Photos are for illustrative purposes only. As a result, some of the photos might not reflect the locations listed in this article.*

### About the Author

#### Karen Doyle

Karen Doyle is a personal finance writer with over 20 years’ experience writing about investments, money management and financial planning. Her work has appeared on numerous news and finance

websites including GOBankingRates, Yahoo! Finance, MSN, USA Today, CNBC, Equifax.com, and more.

View All