22. Rio Rancho, NM
Best Places Affordable Homes Rio Rancho NM
Median home price: $165,128
Median family income: $74,075

No longer just a suburb of Albuquerque, Rio Rancho is now New Mexico's third-largest -- and fastest-growing -- city. Founded in the 1960s, it's also one of the state's youngest towns. Most public buildings, including the hospital, sports arena and City Hall, are all relatively new. A university and community college are also in the works.

Tech is big here. Intel, which has operated a chipmaking plant in Rio Rancho since the 1980s, is by far the largest employer. And Hewlett-Packard recently opened a customer service center.

A spate of foreclosures in the city helped send home prices about 15% lower over the past few years, although prices have since started to stabilize.

See complete data and interactive map for Rio Rancho

  @Money - Last updated August 28 2012 01:10 PM ET
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