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.

18 of 25
BACKNEXT
18. Canyon Lake, TX
Canyon Lake, TX
Aerial view of Canyon Lake and Dam on the Guadalupe River
Median home price (2007): $135,236
Median family income: $59,123

Anglers will be hooked on Canyon Lake, where the nearby Guadalupe River teems with rainbow trout. Fishermen opting for bass and catfish can cast their lures in the town's namesake, Canyon Lake.

Custom-built homes surround the lake--a typical 2,300-square-foot home with three bedrooms and a lake view might start at $400,000; million-dollar houses line the waterfront. Several medical clinics keep the locals healthy, although the nearest hospital is about half an hour away.

For a little summertime rest and relaxation, grab an inner tube and a cooler of beer and head to the river for some "tubing," a favorite local pastime.

See complete data on Canyon Lake from Best Places to Live

Homes for sale in Canyon Lake

NEXT: Bismarck, ND

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.