How much house does $163,000 buy?

D.C.: Four bedrooms off the Beltway
D.C.: Four bedrooms off the Beltway
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 just under a quarter of an acre lot 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.

For further information: Trulia

By Les Christie @CNNMoney - Last updated June 06 2012: 10:34 AM ET
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Home prices in these 10 metro areas expected to climb anywhere between 10% and 21% by the end of next year, according to Fiserv.

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