5 of 11
BACKNEXT
Fourth place: Warren, Mich.
Fourth place: Warren, Mich.
This is a big, like-new four-bedroom that costs just $280,000.
Median home price: $115,000
Median family income: $79,600
Affordability score: 92.4%

This suburban Detroit area made its name as a developmental center for General Motors. It had a huge percentage of engineers in residence, giving the town a well-educated and well-compensated workforce.

Even today, after the near-demise of the American auto industry, the median family income here is near $80,000. That offsets the slightly higher (but still reasonable) prices for homes.



NEXT: Fifth place: Detroit
Last updated February 23 2011: 3:17 PM ET
Don't Miss
America's ugliest homes
America's ugliest homes
HomeVestors buys ugly homes. That's their motto. We asked to see their worst. More
10 foreclosure hotspots
10 foreclosure hotspots
These 10 cities have the fastest-growing rates out of the 100 worst-hit places More
12 cities: Where to rent vs. buy
12 cities: Where to rent vs. buy
Cities like Las Vegas and Miami boast killer buying opportunities, but you're better off renting in New York and Seattle. More
  • Find Homes for sale
    Real estate and homes for sale on Trulia

  • Property Type
  • Find a home in:
  • New York | Atlanta | Chicago | Los Angeles
  • Washington D.C | Houston | Philadelphia | More options
Mortgage & Savings Center
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.80%
15 yr fixed3.09%3.11%
5/1 ARM2.65%2.69%
30 yr refi3.77%3.86%
15 yr refi3.09%3.21%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:

Today's featured rates:

*Rates subject to change
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: © 2012 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 © 2012 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. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .