The 10 Most Affordable Places to Buy a Home

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While painfully low housing prices can wreak havoc on a local economy, they also create incentive for buyers to clear the market of excess inventory, setting the scene for a stronger future market. Cities with some of the highest foreclosure rates are also among the cities with the most affordable housing markets. According to data from the National Association of Realtors and the U.S. Census Bureau, these are the 10 U.S. metropolitan areas (population 1 million or greater) with the smallest ratio of median single-family, existing-home prices to median household incomes.

Next: 10. Kansas City, Mo.-Kan.