Zillow Group Inc. has released a new analysis highlighting the affordability of mansions in certain U.S. markets. Despite the national trend where seven in 10 mansions are valued above $1 million, there are still four metro areas-Buffalo, Indianapolis, Cleveland, and Memphis-where the median mansion costs less than $1 million. This contrasts sharply with major Californian markets where median mansion values exceed $4.5 million. The report notes that the demand for larger homes with ample outdoor space has persisted since the pandemic. However, the days of finding a mansion under $1 million are diminishing, with only 30.3% of U.S. mansions now falling into this category, compared to 45.1% in June 2021. The Midwest and South remain regions where buyers can find mansions at more accessible prices, with Atlanta boasting over 21,000 mansions available for less than $1 million.
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