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.

23 of 25
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
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.