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4. Franklin, IN
Franklin, IN
Median home price: $103,000
Median family income: $63,555

The floods that ravaged the Midwest in the summer of 2008 could not wash away the charm of Franklin. Many homes faced major damage from flooding in June, but residents and city planners vowed to clean up and rebuild the town as quickly as possible.

Population growth and employment opportunities attract residents. Three-bedroom houses here start below $60,000 but can run up to 10 times that. --B.B.

See complete data and interactive map for Franklin

NEXT: Clay, NY

Last updated July 18 2008: 12:35 PM ET
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