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3. Biloxi, Mississippi

Median cost of home: $149,100

This Southern party town is reportedly affordable even without the complimentary beverages in their casinos. Property taxes will run you about $1,012. Annual housing costs are under $10,000. It’s got great access to beaches and wilderness too.

2. Pensacola, Florida

Median cost of home: $145,700

The state’s westernmost city is best known for a television series named “Wings of Gold.” It includes the famous Naval Air Station and beautiful beaches on its Southern shores. It’s also half-host to the Flora-Bama bar on Alabama’s state line.

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