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.

16 of 25
16. Ferry Pass, FL
Ferry Pass, FL
Sailing near Pensacola Bay
Median home price (2007): $129,350
Median family income: $59,257

Sun worshippers will feel right at home in Ferry Pass, a Pensacola suburb just minutes from the Gulf Coast. Pensacola's chock full of restaurants, shops, art galleries--and of course white sand beaches, where residents and tourists frolic in the surf. Fishermen drop their lines in nearby Escambia Bay, a scenic enclave to the north of Pensacola and east of Ferry Pass, flanked by red clay bluffs. For about $150,000, you'll find a mid-sized three-bedroom, two-bathroom home in Ferry Pass, just a stone's throw from the bay.

The famous Blue Angels flight squad is headquartered in Pensacola; you can watch them practice at the National Museum of Naval Aviation.

See complete data on Ferry Pass from Best Places to Live

Homes for sale in Ferry Pass

NEXT: North Ridgeville, OH

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