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5 metros where you can still get a luxury home for under $1M
New York Post • • business
Key Points:
- In five U.S. metro areas, luxury homes are available for six-figure prices, with Detroit offering mansions at a median price of $719,252, down from $753,851 in 2025.
- Detroit's luxury homes are notably affordable compared to the national median luxury home price of $1.37 million, partly due to lower costs than major coastal metros.
- Other affordable luxury markets include Cleveland ($833,228), Pittsburgh, Cincinnati, and San Antonio, all with median luxury home prices under $1 million.
- The number of metro areas with sub-$1 million luxury homes is shrinking, with Indianapolis, St. Louis, and Columbus now exceeding the $1 million luxury price threshold.
- The most expensive luxury homes remain in San Francisco ($6.6 million median), followed by Anaheim, Miami, Los Angeles, and West Palm Beach, all with median prices above $4.5 million, amid a rising demand for luxury real estate.
