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Does your town offer affordable homes? Find out where the deals are!

In Buyers, Distressed Sales, First-Time Buyer, florida, forclosure, foreclosure, government, Home Buyer, real estate on July 26, 2010 at 3:46 pm

CNN Money poll: Top 25 towns with affordable homes

ORLANDO, Fla. – July 26, 2010 – CNN Money magazine has released its annual poll of some of the top places to live, and two Florida cities rank high as towns where residents’ income goes furthest when it comes to home purchase power.

Among CNN Money’s top 25 list for where homes are affordable, Deerfield Beach ranks No. 1 and Deltona is No. 4. Here’s what the magazine had to say about the cities:

No. 1, Deerfield Beach: With a median home price of $67,000 and a median family income (per year) of $56,519, residents here can find three-bedroom waterfront property for under $400,000. The beaches in this South Florida community are beautiful and completely open to the public; residents also are within easy driving distance of Fort Lauderdale or Miami for major league sports, entertainment and other amenities.

No. 4, Deltona: With a median price of $80,473 and a median family income (per year) of $56,907, house hunters here find properties for less than half the prices paid several years ago at the peak of the market. Located about 30 minutes from Atlantic Ocean beaches and within an hour’s drive of Walt Disney World, the area’s lakes offer boating, sailing and bass fishing.

View the rest of the top 25 list.

Reprinted by Permission: © 2010 Florida Realtors®

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