CNNMoney.com recently ran a piece titled "Where Homes Are Affordable", listing 25 communities around the U.S. in which median incomes are relatively high and median homes are relatively low. It's a housing market "bank for your buck" list.
The top 10 cities as listed by the editors:
- Deerfield Beach, FL
- Lafayette, IN
- San Antonio, TX
- Deltona, FL
- Spring, TX
- Glendale, AZ
- Avondale, AZ
- Bolingbrook, IL
- Fishers, IN
- Des Moines, IA
The rest of CNNMoney.com's 25 cities follow a similar pattern -- larger suburbs geographically concentrated in the Midwest and Southwest. Surprisingly, though, New Jersey and Virginia do find themselves represented. Even the expensive Eastern Seaboard has its good buys.
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