Newburgh, New York

Population: 28,651
House styles: Queen Anne, Italianate, Federal, Second Empire, Colonial, Tudor, Craftsman, American Foursquare, and rowhouses
Expect to pay: Well under $100,000 (even under $25,000!) for a dilapidated attached house or a carriage house on a less desirable block; less than $400,000 for a renovated Victorian mansion in the main historic district

In Newburgh, just 60 miles from New York City and accessible by ferry, bus, or train, it's possible to buy a turnkey house—even a 5,000-square-foot restored period mansion with Hudson River views—for less than $80 per square foot, an unheard-of bargain in the area. But a troubling crime rate, talk of ballooning taxes, and suspicion of corrupt city management have discouraged many buyers. Still, those who own houses here insist that the city's worst days are in the past. "There's a lot of fear-mongering," says Chris Hanson, a local broker, who's restoring a seven-bedroom house he bought in 2011 for $210,000. The place where Thomas Edison built one of the world's first central electric stations is a veritable style show of American architecture—particularly in the East End Historic District, which features work by vaunted architects Calvert Vaux, Thornton Niven, Stanford White, and others. Local blog Newburgh Restoration chronicles the city's revitalization efforts and new business endeavors, which have picked up pace in the past couple of years. For DIY enthusiasts and pioneers who want to put down roots in up-and-coming areas, this city is absolutely worth a look.

Among the best for: The Northeast, Bargains, Fixer-Uppers, Victorians, Waterfront, First-Time Buyers, American Heritage
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