What you can buy for $25,000 (or less)

  • (MoneyWatch) While home prices are rising month after month for the first time in years, there are still great deals to be had in certain neighborhoods in various metropolitan areas around the U.S.

    For less than $25,000, buyers can find a range of homes, from small, two-bedroom homes on the outskirts of town, to large homes with four bedrooms and hardwood floors. For this kind of cash, you already know these homes need a little (or more than a little) work to bring them back to their glory days. But for someone with the time, desire and a little extra money to put in, these homes could wind up being a good investment.

    "What Can You Buy" is a series that looks at what type of house and amenities you can get at particular price points in various locations across the U.S. Be sure to check out each of the posts in the series: What can you buy for $125,000?, What can you buy for $35,000?, What else can you buy for $35,000?,What can you buy for $3,000?

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    Ilyce R. Glink is an award-winning, nationally-syndicated columnist, best-selling book author and founder of Best Money Moves, an employee benefit program that helps reduce financial stress. She also owns ThinkGlink.com, where readers can find real estate and personal finance resources.