Best places to buy an affordable vacation home

The housing bubble popped painfully in many popular second-home areas - including these. Median values fell 10% to 20% in the past year alone and are expected to bottom in the next 12 months.

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Cripple Creek, Colo.
Median home: $132,000

What it's like: Near the foot of Pikes Peak, this historic mining town is near great hiking along the American Discovery Trail, plus fishing in the nearby Platte River.

Check out: Cripple Creek Mountain Estates, a planned community that still has buildable lots available.

NEXT: Hyannis, Mass.
Last updated April 17 2009: 9:04 AM ET
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