How Much House You Can Get for $163,000

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From a massive 3,000-square-foot Dallas home (with an indoor fountain) to a tiny fixer-upper east of L.A., here's what you can buy for the nationwide median home price of $163,000 in eight major metro areas.

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How Much House You Can Get for $163,000

From a massive 3,000-square-foot Dallas home (with an indoor fountain) to a tiny fixer-upper east of L.A., here's what you can buy for the nationwide median home price of $163,000 in eight major metro areas.

Location: Dallas
Price: $165,000
Bedrooms/baths: 4/3.5
Square feet: 3,032


Prices in and around Dallas have remained extremely affordable throughout the boom and bust cycles.

During the first three months of 2012, the typical home sold for about $161,000, according to the National Association of Home Builders.

This massive 3,000-square-foot, four-bedroom home, located about 12 miles from the city's center, has large rooms with vaulted ceilings, a huge fireplace and an indoor atrium -- with a fountain.

The place recently underwent some major renovations. The bathrooms have been re-tiled, and new flooring and stainless steel appliances have been installed, according to agent Kent Robbins. The garage has also been turned into a game room, with a kitchenette and full bath. It could be converted easily into a mother-in-law suite.

The property, which was recently up for sale then pulled off the market, sits on one-fifth of an acre and includes an in-ground swimming pool and a refurbished wooden deck.

See the listing for more details. See more homes for sale in Dallas, Texas.

Location: Indianapolis
Price: $164,900
Bedrooms/baths: 3/1.5
Square feet: 1,908


Indianapolis has remained at or near the top of most affordable housing market lists for years, and this gracious home, built in 1930, illustrates just how big the bargains here can be.

The Dutch Colonial has been updated with a modern kitchen and bathrooms and a new two-car garage. The owners have also built in additional storage. Yet many of the home's original touches remain: There are built-in cabinets, wide baseboard moldings, wainscoting and hardwood floors.

Located in a historic part of town called Irvington, an early planned community of winding streets, this home sold for just $115,000 back in 2004. The renovations have since bolstered its value.

Bargains like this property aren't going to last much longer, according to listing agent Dana Thompson. "Prices in Indianapolis have already bottomed out," she said.

Data from the National Association of Home Builders (NAHB) and Wells Fargo show that this was the most affordable large housing market in the nation during the first three months of 2012.

See the listing for more details. See more homes for sale in Indianapolis, Ind.

Location: Bowie, Md.
Price: $170,000
Bedrooms/baths: 4/2.5
Square feet: 1,872


The further house hunters look beyond the pricey District of Columbia and its inner suburbs, the more home prices drop.

This home is a good-sized Colonial on a lot just less than a quarter of an acre in Bowie, Md., an easy commute from both Baltimore and Washington -- when you're not stuck in Beltway traffic.

Agent Linda Violante said it's a low-maintenance home with an updated kitchen and recently-installed vinyl windows and siding.

Washington-area real estate has been running ahead of any housing market rebound. Prices have risen to a median of $285,000 in the first three months of 2012, according to the National Association of Home Builders, up almost 4% from the $269,000 trough set in early 2009.

See the listing for more details. See more homes for sale in Bowie, Md.

Location: Miami
Price: $170,000
Bedrooms/baths: 2/1
Square feet: 1,377


Miami home prices are starting to rebound after years of severe decline.

The median price for homes sold in the city hit $145,000 in early 2012, roughly half their 2008 peak, according to the National Association of Home Builders.

Those willing to pay a little extra can find homes like this Spanish Colonial. The two-bedroom home has a tiled roof, arched windows and a swimming pool. It's down the block from a school and close to the beaches in the town of Surfside, just north of Miami Beach.

The interior features wood-beam and planked cathedral ceilings. There are ceiling fans, a separate dining room, a tile-floor kitchen with hardwood cabinets and a wood-burning fireplace.

See the listing for more details. See more homes for sale in Miami, Fla.

Location: Atlanta
Price: $167,062
Bedrooms/baths: 2/2
Square feet: 1,376


Atlanta-area home values have fallen sharply as a recent influx of foreclosures forced sellers to cut their asking prices.

A typical home sold for about $122,000 during the first quarter of the year, down nearly 5% compared to a year earlier, according to NAHB data.

This home illustrates just how much bang for the buck you get in Atlanta these days. For a listing price that's close to the $163,000 national median, it's a lot.

Among the top features in this two-bedroom home are vaulted ceilings, a large master suite with walk-in California closets and a bath with separate tub and shower, said agent Samantha Phillips.

The eight-year-old house is only five miles from downtown. It's on a quiet street and sits on a quarter-acre of property. Bigger nearby homes with three bedrooms and three baths sell in the low $200,000-range.

See the listing for more details. See more homes for sale in Atlanta, Ga.

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