The Top 10 Most Affordable Small Cities, According To CNN Money (PHOTOS)

03/11/2014 05:04 pm ET | Updated Mar 13, 2014

When it comes to city living, it would seem logical that bigger always means better. After all, who wouldn't want a bigger apartment with bigger parks and bigger stomping grounds overall. Well, that would all make sense if these small cities weren't here to prove that theory oh so wrong.

According to a report from CNN Money, which compiled the latest data from the Housing Opportunity Index from the National Association of Home Builders and Wells Fargo to determine the percentage of homes sold that are considered affordable at median sales price for median income families in each respective metro area (see below for more details), these places stand as an argument for living small. Or at least leaving small with an urban edge.

So if you're not ready to completely ditch the hustle and bustle of a major metro for the small town suburban experience, it might be time to check out a compromise -- maybe even one where you can actually afford your mortgage.

  • 10 Mansfield, Ohio
    Education Images / Getty Images
    Population: 122,673
    Median Home Price: $91,000
    Median Income: $54,600

    Percentage Of Homes Sold That Are Affordable: 91.0
  • 9 Fairbanks, Alaska
    John Elk / Getty Images
    Population: 100,272
    Median Home Price: $205,000
    Median Income: $78,400

    Percentage Of Homes Sold That Are Affordable: 92.0
  • 8 Bay City, Michigan
    Bill Mckinsey / 500px
    Population: 106,935
    Median Home Price: $75,000
    Median Income: $56,100

    Percentage Of Homes Sold That Are Affordable: 92.1
  • 7 Lima, Ohio
    Ohio Office of Redevelopment / Flickr
    Population: 105,141
    Median Home Price: $85,000
    Median Income: $54,200

    Percentage Of Homes Sold That Are Affordable: 92.5
  • 6 Davenport, Iowa
    Denis Jr. Tangney / Getty Images
    Population: 382,630
    Median Home Price: $94,000
    Median Income: $63,100

    Percentage Of Homes Sold That Are Affordable: 92.5
  • 5 Cumberland, Maryland
    Lee Cannon / Flickr
    Population: 101,968
    Median Home Price: $89,000
    Median Income: $53,300

    Percentage Of Homes Sold That Are Affordable: 92.9
  • 4 Vineland, New Jersey
    xmalibu69x / Flickr
    Population: 157,785
    Median Home Price: $131,000
    Median Income: $68,600
    Percentage Of Homes Sold That Are Affordable: 93.2
  • 3 Monroe, Michigan
    OZinOH / Flickr
    Population: 151,048
    Median Home Price: $120,000
    Median Income: $63,700

    Percentage Of Homes Sold That Are Affordable: 93.2
  • 2 Springfield, Ohio
    OZinOH / Flickr
    Population: 137,206
    Median Home Price: $76,000
    Median Income: $53,500

    Percentage Of Homes Sold That Are Affordable: 93.3
  • 1 Kokomo, Indiana
    OZinOH / Flickr
    Population: 82,849
    Median Home Price: $85,000
    Median Income: $60,100

    Percentage Of Homes Sold That Are Affordable: 96.3

Source: National Association of Home Builders/Wells Fargo Housing Opportunity Index. Metro area population data is from Census Bureau. The Housing Opportunity Index is the percentage of new and existing homes sold that families earning the area's median income could afford during the fourth quarter ended December 31, 2013. Prices of new and existing homes are based on figures from CoreLogic and mortgage data is based on rates reported by the Federal Housing Financing Agency.

To discover more details of the report, head over to CNNMoney.

More from CNNMoney:

Top-Earning Towns

25 Best Places for Affordable Homes

Best Big-City Neighborhoods

Have something to say? Check out HuffPost Home on Twitter, Facebook, Pinterest, Tumblr and Instagram.

**

Do you have a home story idea or tip? Email us at homesubmissions@huffingtonpost.com. (PR pitches sent to this address will be ignored.)

Also on HuffPost:

Homes For Less Than $100K

YOU MAY LIKE

CONVERSATIONS