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.

15 of 25
15. Rockwall, TX
Rockwall, TX
The Harbor on Lake Ray Hubbard
Median home price (2007): $199,500
Median family income: $92,341

On Rockwall's Lake Ray Hubbard, you can join Chandlers Landing Yacht Club and participate in a regatta, or just watch the colorful sails from the shore. If you're looking for luxury living, you might find a spacious waterfront home for $1 million or more. If condo living is more your style, opt for a $200,000 home near the Harbor commercial district, where you can walk to local shops and restaurants.

The city gets its name from a series of underground rock walls that snake underneath the city. The walls' origins are a mystery--are they a geological formation, or were they built by a long-lost civilization?

See complete data on Rockwall from Best Places to Live

Homes for sale in Rockwall

NEXT: Ferry Pass, FL

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.