25 best places for affordable homes

Want to retire near the water, but without paying premium prices for a home? Residents who buy real estate in these towns see their incomes go the furthest.

13 of 25
13. Winston-Salem, NC
Winston-Salem, NC
Downtown Winston-Salem
Median home price (2007): $121,000
Median family income: $58,231

Feeling a need for speed? Racing fans can get their rush at weekly NASCAR events throughout the summer in Winston-Salem. The massive sports complex that houses the races also hosts baseball and basketball games, public ice skating, and concert performances.

Health care is one of the city's largest industries, and nearby Wake Forest University Baptist Medical Center is considered to be one of the country's top hospitals. The city is home to two lakes - Winston Lake, which is surrounded by a lush golf course, and Salem Lake, where residents sail and fish. An average three-bedroom home starts around $120,000, and although most houses don't have a water view, it's just a short drive to either lake.

See complete data on Winston-Salem from Best Places to Live

Homes for sale in Winston-Salem

NEXT: Brunswick, OH

Last updated September 22 2008: 11:09 AM ET
Source: Home prices, income stats from Onboard Informatics
6 Best Places to Retire You want water? You got it. These six terrific towns are all on a lake, a river or an ocean - yet they won't sink your retirement budget. More
Best places for a long lifeResidents of these 25 counties enjoy some of the highest life expectancies in the U.S. More
3 couples who took the plunge These retirees made the move to three of this year's Best Places to Retire. More
Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.