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.

15 of 25
15. Rockwall, TX
Rockwall, TX
The Harbor on Lake Ray Hubbard
Median home price (2007): $199,500
Median family income: $92,341

On Rockwall's Lake Ray Hubbard, you can join Chandlers Landing Yacht Club and participate in a regatta, or just watch the colorful sails from the shore. If you're looking for luxury living, you might find a spacious waterfront home for $1 million or more. If condo living is more your style, opt for a $200,000 home near the Harbor commercial district, where you can walk to local shops and restaurants.

The city gets its name from a series of underground rock walls that snake underneath the city. The walls' origins are a mystery--are they a geological formation, or were they built by a long-lost civilization?

See complete data on Rockwall from Best Places to Live

Homes for sale in Rockwall

NEXT: Ferry Pass, FL

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