What Kind of Home Can You Get for $500,000?

The old saying about real estate is "location, location, location," and there is one surefire way to prove it is actually true: look at recently-sold homes in local cities.

We at Patch took a look at homes this week that sold recently for around $500,000 and saw some pretty major differences, as you would expect.

In Arcadia, the home we selected was about 1,200 square foot and looked to be a fixer upper, and in South Pasadena a home that sold for $520,000 was only about 800 square feet.

Conversely, in Eagle Rock you can get a 1,700 square foot home in a hilly neighborhood, and in Montrose, we featured a home that was over 2,000 square feet on a lot that was over 8,000 feet.

Please take a look at our slide show for a full view of the local real estate options.

Information for this story was gathered at Zillow.com