10 Cities Where Buyers Can Find Affordable Homes

For those of you who are looking to take advantage of the golden investment opportunities offered by the favorable housing market conditions, you should know that the key lies in knowing where to look for these affordable homes. In addition to the attractive prices, buyers will also enjoy the great return potential.

Here are the top ten cities where you can discover the ideal real estate distressed property that will fit into your budget.

1. Fort Smith (Arizona) – median home price in this city is at $87,000 as of 2007. If you are looking to buy a home with three to four bedrooms, you should set aside around $200,000. Perfect for retirees.
2. Des Moines (Iowa) – ideal for those who enjoy the city life. Median home price as of last year is at $105,000.
3. Janesville (Wisconsin) – home of the waterskiing troupe, Rock Aqua. As of 2007, median home price is $124,700.
4. Pearl (Mississippi) – smaller houses, which are near the river, are usually sold at prices ranging from $70,000 to $150,000.
5. Westerville (Ohio) – charming suburban community with median home price at $184,950.
6. Wadsworth (Ohio) – small city that posses an old world charm. Median home price is at $133,040.
7. North Augusta (South Carolina) – enjoy the natural beauty of this city as well as the temperate climate. Homes here are valued at an average of $124,900.
8. Benbrook (Texas) – a quiet, bedroom community with median home price at $145,136.
9. Evans (Georgia) – water sports lovers will be delighted with the many recreational activities offered in this city. Median home price is at $144,428.
10. Millcreek (Pennsylvania) – proud of its beautiful Lake Erie, where one can go water skiing, scuba diving and sun bathing. Lake view houses are priced at $250,000 but median home price is actually at $138,000.

Of course, if you are really looking to buy bargain homes, you might also want to consider the distressed properties for sale in the area. Although you will have to spend money on repairs, you will probably end up saving more in the long run.

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