How much house does $163,000 buy?

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.

Dallas: 3,000 square feet -- with a fountain!
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.

For further information: Trulia


Source: The national median existing-home price for all home types was $163,800 in the U.S. in March, according to the National Association of Realtors. Home listings from Trulia.
By Les Christie @CNNMoney - Last updated June 06 2012: 10:34 AM ET
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