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.

4 of 25
4. Pearl, MS
Pearl, MS
Pearl's Trustmark Park is home of the minor-league Mississippi Braves
Median home price (2007): $100,000
Median family income: $54,471

The 130,000-sq.-ft. Bass Pro Shop Outdoor World is an outdoorsman's heaven: Stock up on supplies, then head over to the Pearl River to catch your dinner of bass, perch, or catfish. Houses are set back from the river to avoid flooding. A small house near the water costs between $70,000 and $150,000; newer houses further from the river are more expensive.

The city of Jackson is a short drive away, offering shopping, dining, and entertainment. Movie buffs can catch a film at Pearl's 17-screen theater; board game aficionados can join the Scrabble club at the newly built public library.

See complete data on Pearl from Best Places to Live

Homes for sale in Pearl

NEXT: Westerville, OH

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.