5 of 10
BACKNEXT
Fifth place: Akron, Ohio
Fifth place: Akron, Ohio
A like-new, 3-bed sells for just $120,000 in Akron.
Median home price: $100,000
Median income: $65,000
Affordability score: 92.2%

Akron was once synonymous with the American rubber industry, especially tires, and as the auto industry has declined, so has the city suffered. It's most famous export now is now LeBron James.

The city is trying to come back via information technology. Research and development of polymers has helped fuel the economy with many well-paying jobs. But the population is still on the downswing, falling to fewer than 210,000 from nearly 300,000 just 50 years ago. And the area's unemployment rate, at 10.7% in December, has been running above the national average.

The stagnant population has kept demand for housing low and prices reflect that. Buyers benefit, with more than 92% of homes sold during the quarter affordable for the typical family.

NEXT: Least affordable: New York City
Last updated February 19 2010: 7:45 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
8 must-have travel apps Whether you've got wanderlust or an airline grievance, here are some apps to pack onto your phone. More
Hot stocks: 10 record breaking companies The S&P 500 is trading at all-time highs, and many well-known businesses are leading the charge. Time to buy or sell? More
My biggest retirement mistake Five CNNMoney readers share stories about saving that you can learn from. What they would do differently if they had another chance. 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 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.