Flagstaff, Ariz.

Least Affordable

Rank: 20
Homes affordable to median-income families: 48.4%
Affordable homes in Q2 2004: 15.2%
Median home price: $265,000
Median family income: $59,800
Unemployment rate: 8.0%

Flagstaff, located about 45 minutes from Sedona at the base of the San Francisco Peaks, is home of Northern Arizona University. The city has a thriving cultural scene and also a busy tourism industry, in part because of its proximity to the Grand Canyon.