Spending so much time at home over the past year left many Americans re-evaluating their living situations. Working from home with three kids in the house undoubtedly left many people thinking, “Wow, we need a much, much larger house.” Or, as more people learned they could work at their jobs remotely, even after the coronavirus pandemic subsides, that left them wondering where they could get the most house for the money.
While the average home in San Francisco costs $1.45 million, according to Zillow, there are many places where you could buy two or three 5,000-square-foot homes for that amount. For just one home of that size, a homeowner could have a mortgage payment of less than $3,000 a month in plenty of states.
Find Out: This Is the Salary You Need To Afford the Average Home in Your State
To illustrate this, GOBankingRates put together a list of 17 states where you can buy a mansion and still anticipate mortgage payments that don’t necessarily require you to be super rich to afford. The study compiled places where 5,000-square-foot and even 8,000-square-foot residences are actually in a price range that wouldn’t be completely outrageous for some middle-class families.
Read: What Homes Will Be Worth in Your State by the End of 2021
Even if you haven’t considered a mansion, it doesn’t mean you can’t scope out your prospects. So, here’s a look at the best states to buy a mansion, in descending order of their estimated mortgage payment.
Last updated: Jun. 4, 2021
6 min Read
