How much house does $163,000 buy?

Miami: Spanish tiles, a pool and beaches!
Miami: Spanish tiles, a pool and beaches!
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. This 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.

For further information: Trulia


By Les Christie @CNNMoney - Last updated June 06 2012: 10:34 AM ET
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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.

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