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
Join the Conversation
Where home prices are rising fastest

Home prices in these 10 metro areas expected to climb anywhere between 10% and 21% by the end of next year, according to Fiserv.

Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Most Popular

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.