Million-Dollar Homes: Where to Find Them in Affordable and
Expensive Cities
The idea of owning a million-dollar home has long been a symbol of wealth and luxury. But whether you’re a status-conscious millionaire or just someone looking for a spacious and comfortable residence, the reality of buying a million-dollar home in the United States today means something different than it did ten or twenty years ago.
Depending on where you live, million-dollar homes may look very different. It’s a common misconception that only the most expensive cities like New York City or San Francisco have million-dollar homes for sale.
While these cities certainly have their share of expensive properties, there are also many affordable cities where you can find homes priced at around a million dollars. In this article, we’ll explore some of the most affordable and most expensive cities in the US for million-dollar homes.
We’ll delve into what kinds of properties are available in each city, and what makes them unique. So, whether you’re looking to buy a new home or just curious about the real estate market, read on to learn more.
Affordable Cities with Median List Price Below National Median List Price
Canton, Ohio; Port Huron, Mich.; Muskegon, Mich.; Rockford, Ill.; Anniston, Ala.; Warren, Ohio; Battle Creek, Mich.; Trenton, N.J.; Cleveland, Ohio; Detroit, Mich. If you’re looking for an affordable city where you can buy a million-dollar home, Canton, Ohio, is a great choice.
The median list price in Canton is $99,900, making it one of the most affordable cities in the U.S. However, you can still find million-dollar homes in the area. On Glenmoor Road, for example, you can purchase a home for $1.475 million.
The property is located in the gated Glenmoor Country Club community and has four bedrooms, four bathrooms, and 5,454 square feet of living space. The home boasts elegant features like a first-floor master suite, an elegant dining room, and a spacious great room.
Similar to Canton, Port Huron, Michigan, also offers residents a great cost of living. The median list price is $124,925, which allows you to get more bang for your buck.
Homes like the one at 362 Gratiot Avenue are available for $1.75 millionit features eight bedrooms, eight bathrooms, and a 5,523 square foot home with lake views. Muskegon, Michigan, also ranks among the most affordable cities in the US.
The median list price is $169,900 and while you can’t find many million-dollar homes, there are some luxury properties available. Lakeshore Drive, for instance, features a gorgeous five-bedroom and five-bathroom property worth $1.5 million.
Rockford, Illinois, is another affordable city where you can find a million-dollar home. The median list price is $187,950, but in the Harvest Hills Trail neighborhood, you can purchase a luxury home for $1.6 million.
The estate includes five bedrooms, five bathrooms, a lake view, and a spacious three-car garage. Anniston, Alabama, is also on the list of affordable cities with a median list price of $179,900.
While luxury properties are rare, Hillyer High Road features a $1.75 million home with over 9,000 square feet of living space and seven bedrooms. Warren and Cleveland, Ohio, also feature plenty of affordably priced homes and luxury properties for sale.
In particular, King Graves Road offers a $1.6 million property with 33 acres of land. The Penthouse in Downtown Cleveland is also on the market for $1.75 million.
Lastly, Detroit and Trenton, New Jersey, offer many affordably priced homes, and million-dollar homes are also available. A beautiful home on Edison Street in Detroit is currently on the market for $1.195 million.
Meanwhile, in Trenton, Hilvista Boulevard features a $1.1 million home with 5,917 square feet of space and four bedrooms. Homes Available for $1 Million in Affordable Cities
Glenmoor Road, Ohio; Gratiot Avenue, Mich.; Lakeshore Drive, Mich.; Harvest Hills Trail, Ill.; Hillyer High Road, Ala.; King Graves Road, Ohio; Goguac Lake, Mich.; Hilvista Boulevard, N.J.; Penthouse in Downtown Cleveland, Ohio; Edison Street, Mich.
Even in the most affordable cities in the U.S., there are still homes for those who have an eye for luxury. Glenmoor Road in Canton, Ohio, offers a community of multimillion-dollar mansions and one of them is priced at $1.475 million.
The home is built in a classic style, with a brick exterior and elegant finishes in the living spaces. The property, which is part of Glenmoor Country Club, includes a beautiful porch, both an indoor and outdoor pool, a home theater with a wall of video screens, a home gym, and so much more.
Gratiot Avenue in Port Huron, Michigan, features an $1.75 million beauty with eight bedrooms, eight bathrooms, and stunning views of Lake Huron from nearly every room. The home also offers unique features, such as a 100-foot private beach, five full kitchens, and a private entrance to a two-bedroom apartment on the third floor.
Lakeshore Drive, Michigan, offers a five-bedroom and five-bathroom home worth $1.5 million. This luxurious estate is situated by the lakefront and offers a captivating indoor and outdoor living experience.
Apart from the grandeur of this luxurious home, the surrounding areas also provide endless adventurous opportunities. Harvest Hills Trail in Rockford, Illinois, presents a breathtaking three-story luxury home priced at $1.6 million.
The property has five bedrooms, six bathrooms, and over 10,089 square feet of living space. It also features a large gas fireplace, a home theatre, a back porch overlooking the lake, spacious bedrooms with ensuite bathrooms, a wine cellar, and a four-car garage.
Hillyer High Road in Anniston, Alabama, boasts an elegant Mediterranean style mansion priced at $1.75 million. The property sits on 7.2 acres of land with an towering entrance gate, an outdoor pool, multi-car garage plus guest quarters with its own separate entrance.
King Graves Road in Warren, Ohio, offers a beautiful five-bedroom, five-bathroom home for salecurrently priced at $1.6 million. Sitting on over 33 acres of land, the property features a private pool, a six-car garage, a playground, a chef’s kitchen, two-story entrance, and spa ensuite baths.
It also gives homeowners a luxurious country lifestyle just 30 minutes from Cleveland. Goguac Lake in Michigan allows you to live the lake life in a million-dollar home on a half-acre of private, wooded land.
The property offers three levels of living with five bedrooms, six full and two half baths, multiple balconies and patios, and over 11,000 square feet of total living space. It is priced at $1.195 million.
Hilvista Boulevard in Trenton, New Jersey, presents a stunning 5,917 square foot home with four bedrooms and four bathrooms and is currently priced at $1.1 million. The home features an open-floor plan, with high-end finishes and fixtures, private balcony overlooking the river, a cheese and wine room, and an in-house laundry.
For those wanting to embrace city life in Cleveland, an exquisite Penthouse in Downtown Cleveland is now on the market for $1.75 million, despite it’s location in an affordable city. The property boasts a 4,500 square feet area, three bedrooms, and four full bathrooms.
A 360-degree panoramic view of the Cleveland skyline and lake front is available from the property’s private rooftop deck. Lastly, Edison Street in Detroit is the place to be if you wish to bask in the rich history of the city.
Built as a Georgian Revival the home combines old-world elegance and modern sophistication. Currently priced at $1.195 million, the property spans over 6,478 square feet, with six bedrooms and four and a half bathrooms.
The property also features a large backyard with a basketball court, a formal dining room, and a cozy library.
Expensive Cities
La Caada Flintridge, Calif.; Cupertino, Calif.; Santa Monica, Calif.; Los Gatos, Calif.; Laguna Beach, Calif.; Newport Beach, Calif.; Beverly Hills, Calif.; Malibu, Calif. While buying a million-dollar home is still an achievement, doing it in an expensive city gives it a different level of prestige.
Although it’s unlikely to find an affordable city in California, there are a few lavish cities that offer a lifestyle filled with glamour and luxury. These cities are home to some of the most expensive million-dollar homes in the US.
La Canada Flintridge, California, is a costly and exclusive residential city outside Los Angeles. The median list price in the community is $2,399,000.
A home in La Canada Country Club community is currently listed for sale at over $5 million. Cupertino, California, the headquarters for Apple Inc., has a median list price of $2,198,000.
A four-bedroom, five-bathroom home over 4,000 square feet is currently up for sale for $6.8 million. Santa Monica, California, has become one of the most exclusive locations in Los Angeles with its ocean views and celebrity sightings.
The median list price in Santa Monica is $2,995,000 and the area boasts some of LA’s most luxurious properties. There is a waterfront property listed for sale in Santa Monica for over $25 million.
Los Gatos, California, is another luxurious city where you can expect to pay a pretty penny for a home. The median list price in the area is $2,486,444.
A $5.5 million four-bedroom and six-bathroom home with over 7,000 square feet of living space is currently up for sale. Laguna Beach, California, is a city with a long reputation of luxury and wealth.
The median list price is $4,250,000 and boasts a collection of exotic and opulent homes. An oceanfront estate with panoramic views and eight bedrooms is currently listed for sale at $39.8 million.
Newport Beach, California, offers a coastal city lifestyle with the added richness that comes from aesthetic homes. The median list price in the area is $3,288,000.
In Upper Bay Road, there is a beautiful five-bedroom and five-bathroom villa currently on the market for $30 million. Beverly Hills is an internationally known and recognized city, known for its lavish homes and celebrity residents.
The median list price in Beverly Hills is $4,149,500. A French-inspired estate spanning over two acres, with a $55 million price tag, is now up for sale.
Malibu, California, is a prime destination for homebuyers looking for waterfront estates, privacy, and a stunning coastline view. Malibu has a median list price of $3,409,444.
A newer construction is currently listed for $110 million along with many other exclusive oceanfront homes. Condo options in expensive cities like Sherman Oaks offer an option for those who wish to bask in luxury but not necessarily to purchase a mansion-style home.
Sherman Oaks currently has a $1.1 million second-floor coach home available for those seeking luxury living on a smaller scale. Regardless of where you wish to call home, there are several affordable and expensive cities across the country that offer luxurious homes with a million-dollar price tag.
Each area possesses unique attributes that allow residents to get the most out of their new home, whether it’s prestige, natural beauty, or city convenience. In this article, we’ve explored the availability of million-dollar homes across affordable and expensive cities in the US.
We’ve listed the top affordable cities with median list prices below the national median in Ohio, Michigan, Illinois, Alabama, New Jersey, and California, alongside specific million-dollar homes available in each city. In contrast, we’ve highlighted the most expensive cities in California, each with their median list price, and also some specific million-dollar homes available in each.
While buying a million-dollar home is still an achievement, it’s essential to consider the location and amenities available to secure a home unique to the buyer’s needs. Regardless of where you wish to call home, this article demonstrates that several affordable and expensive cities offer luxurious homes with a million-dollar price tag.