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.

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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
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