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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25. New Berlin, WI
New Berlin, WI
Median home price (2007): $237,450
Median family income: $95,415

Spectator events abound in New Berlin, where locals cheer for high-school sports teams and turn out in droves to watch the annual soapbox derby. Residents mark the Fourth of July and Christmas with major parades.

For around $235,000, you'll find a three-bedroom home with a spacious backyard surrounded by trees. Drive 15 minutes east to sample microbrews in Milwaukee or take a dip in Lake Michigan. If you're a little bit Irish (or even if you're not), celebrate Celtic heritage at Milwaukee's Irish Fest, a four-day extravaganza featuring Irish music, food, and cultural education.

See complete data on New Berlin from Best Places to Live

Homes for sale in New Berlin

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