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CBSMoneyWatch: The 10 Most Affordable Cities in the U.S.

5. Memphis, Tenn.

Memphis is home to Elvis Presley's famous Graceland estate and the historic Sun Studio, where music legends such as Jerry Lee Lewis and Johnny Cash recorded some of their most popular hits. The city remains a haven for music lovers. Home values are reasonable, with a median home sale price of $73,700, according to Trulia.com.

(iStock)

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