Cincinnati a rare place where "luxury" still means under $1M

• "Luxury homes" are those estimated to be in the top 5% of a market.
• The national median price is nearly $1.4 million.

The big picture: Only about 53% of American adults own their own homes, the Federal Reserve Bank of Minneapolis recently found, but Greater Cincinnati-area home ownership is actually on the rise.

Zoom in: Pricey properties are for sale in our poshest areas, like this four-bedroom, 1,700-square-foot renovated home in Mt. Adams ($949,000).

• Yes, but: About 20 minutes west of downtown, you can still get some bang for your buck. A (sick) six-bedroom place is listed in Westwood for less than $300,000.