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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16. Ferry Pass, FL
Ferry Pass, FL
Sailing near Pensacola Bay
Median home price (2007): $129,350
Median family income: $59,257

Sun worshippers will feel right at home in Ferry Pass, a Pensacola suburb just minutes from the Gulf Coast. Pensacola's chock full of restaurants, shops, art galleries--and of course white sand beaches, where residents and tourists frolic in the surf. Fishermen drop their lines in nearby Escambia Bay, a scenic enclave to the north of Pensacola and east of Ferry Pass, flanked by red clay bluffs. For about $150,000, you'll find a mid-sized three-bedroom, two-bathroom home in Ferry Pass, just a stone's throw from the bay.

The famous Blue Angels flight squad is headquartered in Pensacola; you can watch them practice at the National Museum of Naval Aviation.

See complete data on Ferry Pass from Best Places to Live

Homes for sale in Ferry Pass

NEXT: North Ridgeville, OH

Last updated September 22 2008: 11:09 AM ET
Source: Home prices, income stats from Onboard Informatics
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