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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23. Woodbury, MN
Woodbury, MN
Powers Lake fishing pier
Median home price (2007): $255,000
Median family income: $104,768

Take a deep breath of crisp northern air, then explore one of the half-dozen lakes that pepper this St. Paul suburb. Take your tackle box to the pier at Powers Lake, or dip your toes in the water at Carver Lake Beach.

You may find a waterfront house on any of Woodbury's lakes for around $350,000, but you'll have to share your lake frontage with the rest of the city. Condos with lake access are slightly less expensive.

Drive half an hour to the famous Mall of America, a mind-bogglingly huge shopping, dining, and entertainment complex.

See complete data on Woodbury from Best Places to Live

Homes for sale in Woodbury

NEXT: St. Charles, MO

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