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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4. Pearl, MS
Pearl, MS
Pearl's Trustmark Park is home of the minor-league Mississippi Braves
Median home price (2007): $100,000
Median family income: $54,471

The 130,000-sq.-ft. Bass Pro Shop Outdoor World is an outdoorsman's heaven: Stock up on supplies, then head over to the Pearl River to catch your dinner of bass, perch, or catfish. Houses are set back from the river to avoid flooding. A small house near the water costs between $70,000 and $150,000; newer houses further from the river are more expensive.

The city of Jackson is a short drive away, offering shopping, dining, and entertainment. Movie buffs can catch a film at Pearl's 17-screen theater; board game aficionados can join the Scrabble club at the newly built public library.

See complete data on Pearl from Best Places to Live

Homes for sale in Pearl

NEXT: Westerville, OH

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