In the Midwest, a $1 million home typically includes four bedrooms and 3,534 square feet on a half-acre lot, making it a luxurious option compared to other regions.
Affordability at lower price points is much better in the Midwest than in other regions, so $1 million is much more of a luxury level there than in the others.
The cities in the Midwest are generally more sprawling than in the Northeast, especially, so there's more land to build bigger homes on for lower prices.
The median price per square foot in the Midwest is just under $280, which is almost 65% less than in the Northeast, showcasing the cost advantage.
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