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.

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24. St. Charles, MO
St. Charles, MO
Median home price (2007): $174,205
Median family income: $70,731

Modern-day explorers can follow in the footsteps of Lewis and Clark in St. Charles, on the banks of the wide Missouri River. Residents celebrate the famous duo with an annual festival, while the Lewis and Clark Boat House and Nature Center houses a collection of frontier memorabilia.

A new two-bedroom, one-and-a-half-bathroom condo with a view will set you back between $150,000 and $300,000. Retirees enjoy abundant natural beauty along the Katy Trail, which runs alongside the river and is especially spectacular in the fall.

See complete data on St. Charles from Best Places to Live

Homes for sale in St. Charles

NEXT: New Berlin, WI

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