For home shoppers looking to live in a mansion, they’ll find their money stretches the most in Arkansas. Home shoppers pay a median of $63 per square foot in the state, and the median cost of an 8,000-square-foot mansion is $504,000.
Consumers who like big homes will find that mansions—homes of at least 8,000 square feet—are significantly more affordable in some parts of the country than others.
GOBankingRates crunched realtor.com® data to compile a list of states where mansions cost the least by factoring in the state median price per square foot. Here are some of the best places to score a mansion for the cheapest price:
1. Arkansas
- Price per square foot: $63
- Price of 8,000-square-foot mansion: $504,000
2. Mississippi
- Price per square foot: $64
- Price of 8,000-square-foot mansion: $512,000
3. South Dakota
- Price per square foot: $67
- Price of 8,000-square-foot mansion: $536,000
4. Indiana
- Price per square foot: $68
- Price of 8,000-square-foot mansion: $544,000
5. West Virginia
- Price per square foot: $68
- Price of 8,000-square-foot mansion: $544,000
6. Alabama
- Price per square foot: $69
- Price of 8,000-square-foot mansion: $552,000
7. Tennessee
- Price per square foot: $69
- Price of 8,000-square-foot mansion: $552,000
8. Michigan
- Price per square foot: $70
- Price of 8,000-square-foot mansion: $560,000
9. Wisconsin
- Price per square foot: $71
- Price of 8,000-square-foot mansion: $568,000
10. Kansas
- Price per square foot: $72
- Price of 8,000-square-foot mansion: $576,000
View the full top 20 list.
Source: “States Where Living Luxuriously Will Cost You the Least,” GoBankingRates.com (Nov. 16, 2017)
