Watch CBS News

10 homes you can buy for $1 million

Photo courtesy of Zillow

What would you do if you had $1 million?

Well, depending on where you look, you could buy a pretty nice house.

Homes at that price are more than five times as expensive as the national median home value, which is currently $193,800, according to Zillow.

In most metro areas, $1 million homes don't skimp on the amenities, offering balconies with beautiful views, upgraded appliances, wet bars and fireplaces. In others, like Manhattan or Los Angeles, buyers may be limited to smaller, simpler units.

With a $1 million budget, you'll often have room to personalize your space. These homes can be a little eccentric, like a 1940s Indianapolis warehouse converted into a custom-built home with an industrial vibe.

Click ahead to see what a $1 million budget can buy in 10 cities around the country.

New York, New York

Photo courtesy of Zillow

This one-bedroom, one-bathroom co-op in New York's Greenwich Village is for sale for about $1 million. It last sold in June 2012 for $498,500, less than half the current price. It's about 36 percent less expensive than the area's median home value of $1,551,800.

New York, New York

Photo courtesy of Zillow

The south-facing co-op has 15-foot ceilings, exposed brick walls, hardwood floors and a loft bedroom. The building has a 24-hour doorman, a landscaped rooftop deck, a laundry room and bike storage.

Los Angeles, California

Photo courtesy of Zillow

This three-bedroom, two-bathroom house in L.A.'s Highland Park area is for sale for $999,000. It last sold in May 2016 for $570,000, about 57 percent of the current price. It is about 53 percent more expensive than the area's median home value of $652,000.

Los Angeles, California

Photo courtesy of Zillow

The house was built in 1930 and has original hardwood floors, quartz kitchen countertops, hand painted bathroom tiles and a detached garage.

Atlanta, Georgia

Photo courtesy of Zillow

This five-bedroom, five-bathroom home in Atlanta's North Buckhead neighborhood is for sale for $1 million. It was built in 2015 and is about 75 percent more expensive than the area's median home value of $572,300.

Atlanta, Georgia

Photo courtesy of Zillow

The 3,754-square-foot home has hardwood floors, exposed-beam ceilings, an indoor fireplace, walk-in closets, a back porch with a fireplace, a fenced yard and an unfinished basement.

Chicago, Illinois

Photo courtesy of Zillow

This five-bedroom, four-bathroom house in Chicago's Lakeview neighborhood is for sale for about $1 million. It last sold in August 2008 for $815,000, about 81.5 percent of the current price. It is more than three times more expensive than the area's median home value of $319,200.

Chicago, Illinois

Photo courtesy of Zillow

The house was built in 1884 and has hardwood floors, a fireplace, skylight, deck, fenced backyard and detached garage.

Miami, Florida

Photo courtesy of Zillow

This five-bedroom, five-bathroom home on the Upper East Side of Miami is for sale for about $1 million. It last sold in October 2012 for $475,000, less than half the current asking price. It is about 130.5 percent more expensive than the area's median home value of $433,900.

Miami, Florida

The home was built in 1925 and has bamboo floors, a wood-burning fireplace, granite kitchen counters, a wine cooler, two covered terraces and a landscaped garden with vegetable plants, fruit trees, herbs and a pond. There are also two detached one-bedroom, one-bathroom units on the property.

Salt Lake City, Utah

Photo courtesy of Zillow

This four-bedroom, four-bathroom home in Salt Lake City's Greater Avenues neighborhood is for sale for $1 million. It is about 3.8 times more expensive than the area's median home value of $262,000.

Salt Lake City, Utah

Photo courtesy of Zillow

The house was built in 1912 and has stained glass windows, hardwood floors, a wet bar, several fireplaces, a mother-in-law apartment, finished basement, deck, hot tub, sauna and fenced yard.

New Orleans, Louisiana

Photo courtesy of Zillow

This two-bedroom, two-bathroom condo in New Orleans' Lower Garden District is for sale for $999,000. It is almost 2.5 times more expensive than the area's median home value of $402,800.

New Orleans, Louisiana

Photo courtesy of Zillow

The corner unit has three balconies, granite countertops, marble baths, walk-in closets and secure parking.

Indianapolis, Indiana

Photo courtesy of Zillow

This two-bedroom, three-bathroom home in a renovated warehouse is for sale for about $1 million. It is about 3.7 times more expensive than the area's median home value of $273,400.

Indianapolis, Indiana

Photo courtesy of Zillow

The warehouse was built in 1940 and it has skylights, wood ceilings, exposed metal beams, a fireplace, a built-in entertainment center and a courtyard with a covered patio and a fountain.

Boston, Massachusetts

This two-bedroom, 2.5-bathroom condo in South Boston is for sale for about $1 million. It is about 63 percent more expensive than the area's median home value of $613,600.

Boston, Massachusetts

The penthouse unit of the 141-year-old converted church has hardwood and tile floors, quartz kitchen countertops, walk-in closets, a media center with surround sound, private storage and two garage spaces. The building also has an elevator and a club room.

Seattle, Washington

Photo courtesy of Zillow

This four-bedroom, three-bathroom home in Seattle's Greenwood neighborhood is for sale for about $1 million. It is about 50 percent more expensive than the area's median home value of $665,200.

Seattle, Washington

Photo courtesy of Zillow

The 3,200-square-foot, new construction home has hardwood floors, two fireplaces, a third-floor family room with a wine bar, two-car garage, patio and views of the Seattle skyline and Mount Rainier.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.