You don’t need millions in the bank to live like royalty.
In five US metro areas, true luxury real estate still comes with just a six-figure price tag.
In fact, homebuyers can get a mansion for $719,252 in Detroit, according to a new report from Redfin.
That’s down from 2025, when the median luxury home sale price in Motor City was $753,851.
And it’s nearly half of the price of a median luxury home nationwide — those estimated to be in the top 5% of their area’s price range — which is $1.37 million.
“The Detroit area has a lot of beautiful, high-end homes that are affordable here, but would cost millions of dollars if they were in a major coastal metro area,” Redfin’s Anne Loehr said in the report. “I don’t know how long it will last, especially as we see more people moving here from the coasts.”
Detroit is followed by Rust Belt hub Cleveland, where a home fit for a king goes for a median price of $833,228. Pittsburgh and Cincinnati, both also in the Rust Belt, and San Antonio round out the list, each with a median home sale price in the $900,000s.
Still, the number of metro areas in the US where homebuyers can score a resplendent home has been dropping.
Last year there were seven such places.
Off the list in 2026 are Indianapolis and St. Louis, as those two metros, along with Columbus, Ohio, now cross the $1 million threshold in the luxury sector.
On the priciest side, the country’s most expensive luxury homes can still be found in San Francisco, where a median luxury home sells for roughly $6.6 million.
The City by the Bay is followed by Southern California’s Anaheim, which has a median topping $5 million. Miami, Los Angeles and West Palm Beach — all with a median price exceeding $4.5 million — comprise the rest of the top-5 list.
Rich buyers are outspending the average American, as luxury home demand continues to outpace the rest of the market, according to another Redfin report.
The median US luxury home sale price is up 4.7% year-over-year to $1.37 million — more than triple the 1.5% gain in non-luxury sale prices.
