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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.

3 of 25
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3. Janesville, WI
Janesville, WI
Median home price (2007): $124,700
Median family income: $69,706

You haven't seen a human pyramid until you've seen one on water skis--and in Janesville, you can see that and more aquatic acrobatics every week on the Rock River, home of the Rock Aqua Jays waterskiing troupe. As you recline on the grassy riverbank to watch the show, pop open a Gray's root beer, made locally by the Gray family for more than 150 years.

Most of the houses near the river are older; a mid-sized two-bedroom, two-bath home with river frontage starts at about $180,000. GM, the city's largest employer, offers factory tours, as does the Wisconsin Wagon Company and the Gray brewery.

See complete data on Janesville from Best Places to Live

Homes for sale in Janesville

NEXT: Pearl, MS

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