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.

13 of 25
13. Winston-Salem, NC
Winston-Salem, NC
Downtown Winston-Salem
Median home price (2007): $121,000
Median family income: $58,231

Feeling a need for speed? Racing fans can get their rush at weekly NASCAR events throughout the summer in Winston-Salem. The massive sports complex that houses the races also hosts baseball and basketball games, public ice skating, and concert performances.

Health care is one of the city's largest industries, and nearby Wake Forest University Baptist Medical Center is considered to be one of the country's top hospitals. The city is home to two lakes - Winston Lake, which is surrounded by a lush golf course, and Salem Lake, where residents sail and fish. An average three-bedroom home starts around $120,000, and although most houses don't have a water view, it's just a short drive to either lake.

See complete data on Winston-Salem from Best Places to Live

Homes for sale in Winston-Salem

NEXT: Brunswick, OH

Last updated September 22 2008: 11:09 AM ET
Source: Home prices, income stats from Onboard Informatics
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