America’s most undervalued cities
Four years after home prices hit their peaks, CNNMoney looks at how 330 metro areas have fared.
Metro area | Median
home price |
% undervalued
2010 |
% undervalued
2006 |
Las Vegas, Nev. | $129,700 | -41.40% | 38% |
Vero Beach, Fla. | $123,300 | -39.80% | 54% |
Merced, Calif. | $102,300 | -37.70% | 77% |
Cape Coral, Fla. | $118,700 | -36.80% | 52% |
Houma, La. | $116,200 | -34.60% | -1% |
Port St. Lucie, Fla. | $115,600 | -33.30% | 72% |
Warren, Mich. | $117,500 | -32.30% | 15% |
Vallejo, Calif. | $196,900 | -31.90% | 53% |
Stockton, Calif. | $145,100 | -31.80% | 72% |
Modesto, Calif. | $138,700 | -31.80% | 67% |
Midland, Texas | $133,100 | -30.70% | -7% |
West Palm Beach, Fla. | $164,400 | -30.30% | 57% |
Lake Charles, La. | $101,600 | -29.40% | N.A. |
Lafayette, La. | $126,700 | -29.40% | 3% |
Naples, Fla. | $199,900 | -29.00% | 84% |
Killeen, Texas | $106,700 | -28.80% | -16% |
Houston, Texas | $128,200 | -28.80% | -14% |
Sarasota, Fla. | $133,900 | -28.00% | 56% |
Punta Gorda, Fla. | $110,400 | -27.80% | N.A. |
Dallas, Texas | $136,700 | -27.50% | -16% |
Fort Worth, Texas | $113,300 | -27.30% | -15% |
Shreveport, La. | $102,700 | -26.50% | -3% |
Reno, Nev. | $169,700 | -26.50% | -38% |
McAllen, Texas | $61,800 | -25.90% | N.A. |
Tulsa, Okla. | $107,300 | -24.60% | -9% |
Palm Bay, Fla. | $118,400 | -24.40% | 49% |
Fayetteville, N.C. | $113,800 | -24.40% | N.A. |
Salinas, Calif. | $310,200 | -24.30% | 75% |
Fort Lauderdale, Fla. | $148,000 | -24.30% | 53% |
Oklahoma City, Okla. | $108,100 | -24.20% | -5% |
Jackson, Miss. | $104,200 | -23.90% | 24% |
Monroe, La. | $96,300 | -22.30% | -2% |
Grand Rapids, Mich. | $105,300 | -22.10% | 14% |
Carson City, Nev. | $174,100 | -22.00% | N.A. |
Charleston, W.Va. | $91,700 | -21.80% | -7% |
Oakland, Calif. | $349,800 | -21.70% | 47% |
Memphis, Tenn. | $103,300 | -21.70% | -9% |
Little Rock, Ark. | $106,900 | -21.60% | -6% |
Fayetteville, Ark. | $114,800 | -21.50% | 11% |
Wichita Falls, Texas | $83,300 | -20.60% | N.A. |
Santa Barbara, Calif. | $385,700 | -20.20% | 70% |
Lansing, Mich. | $103,800 | -20.20% | 18% |
Alexandria, La. | $92,800 | -20.00% | 0% |
Odessa, Texas | $80,700 | -19.90% | -12% |
Visalia, Calif. | $129,000 | -19.60% | 45% |
El Paso, Texas | $106,300 | -19.50% | -18% |
Bakersfield, Calif. | $126,000 | -19.20% | 51% |
Montgomery, Ala. | $105,900 | -19.00% | -12% |
Sacramento, Calif. | $218,500 | -18.70% | 61% |
Indianapolis, Ind. | $129,800 | -18.70% | -5% |
Akron, Ohio | $120,700 | -18.60% | 4% |
Hanford, Calif. | $144,200 | -18.40% | N.A. |
Cincinnati, Ohio | $131,000 | -18.40% | 1% |
Columbus, Ga. | $112,900 | -18.30% | 2% |
Bridgeport, Conn. | $419,200 | -18.30% | 6% |
Warner Robins, Ga. | $100,300 | -18.20% | -6% |
Muskegon, Mich. | $82,000 | -18.10% | 14% |
Phoenix, Ariz. | $150,700 | -18.00% | 35% |
San Francisco, Calif. | $603,100 | -17.80% | 35% |
Holland, Mich. | $128,100 | -17.70% | 22% |
Ocala, Fla. | $98,600 | -17.50% | 35% |
Lakeland, Fla. | $98,100 | -17.50% | 23% |
Cambridge, Mass. | $355,000 | -17.40% | 12% |
San Diego, Calif. | $336,900 | -17.30% | 46% |
Orlando, Fla. | $141,200 | -17.10% | 33% |
Kalamazoo, Mich. | $109,400 | -17.10% | 11% |
Fort Walton Beach, Fla. | $147,200 | -17.10% | 43% |
Riverside, Calif. | $178,300 | -16.90% | 65% |
Ann Arbor, Mich. | $158,600 | -16.90% | 17% |
Santa Rosa, Calif. | $326,900 | -16.80% | 56% |
Fresno, Calif. | $146,600 | -16.80% | 58% |
Evansville, Ind. | $94,400 | -16.80% | -3% |
Columbus, Ohio | $139,700 | -16.80% | 2% |
Tampa, Fla. | $127,100 | -16.70% | 34% |
Fort Smith, Ark. | $83,800 | -16.70% | -8% |
Wichita, Kan. | $106,800 | -16.60% | -6% |
Owensboro, Ky. | $91,600 | -16.60% | -3% |
Baton Rouge, La. | $128,000 | -16.60% | 0% |
Pensacola, Fla. | $119,200 | -16.50% | 33% |
Omaha, Neb. | $122,100 | -16.50% | 0% |
New Orleans, La. | $146,600 | -16.30% | 12% |
Cheyenne, Wyo. | $153,100 | -16.30% | 5% |
Boston, Mass. | $316,100 | -16.30% | 18% |
Flint, Mich. | $74,000 | -16.10% | 26% |
College Station, Texas | $110,900 | -16.10% | -23% |
Birmingham, Ala. | $121,100 | -15.70% | -1% |
San Antonio, Texas | $113,800 | -15.60% | -11% |
Battle Creek, Mich. | $81,900 | -15.60% | 20% |
Napa, Calif. | $340,100 | -15.50% | 65% |
Corpus Christi, Texas | $102,900 | -15.50% | -8% |
Yuba City, Calif. | $146,100 | -15.30% | N.A. |
Tyler, Texas | $110,000 | -15.30% | -7% |
Monroe, Mich. | $112,100 | -15.30% | 26% |
Huntsville, Ala. | $132,800 | -15.30% | -11% |
Lafayette, Ind. | $112,800 | -15.10% | -10% |
Tucson, Ariz. | $148,200 | -15.00% | 27% |
Longview, Texas | $99,800 | -14.90% | -11% |
Macon, Ga. | $97,400 | -14.80% | -6% |
Cleveland, Ohio | $127,700 | -14.80% | 6% |
Jacksonville, Fla. | $141,900 | -14.70% | 31% |
Hattiesburg, Miss. | $95,100 | -14.50% | 1% |
Atlanta, Ga. | $159,200 | -14.50% | 2% |
Oxnard, Calif. | $350,100 | -14.30% | 55% |
Greenville, N.C. | $98,900 | -14.20% | 0% |
South Bend, Ind. | $103,300 | -14.10% | -4% |
Lake County, Ill. | $233,800 | -13.90% | N.A. |
Deltona, Fla. | $121,700 | -13.80% | 44% |
Oshkosh, Wis. | $122,700 | -13.70% | 0% |
Bowling Green, Ky. | $111,400 | -13.50% | 1% |
Beaumont, Texas | $85,600 | -13.50% | -15% |
Ames, Iowa | $136,400 | -13.50% | N.A. |
Gainesville, Fla. | $134,500 | -13.40% | 23% |
Fort Wayne, Ind. | $96,100 | -13.40% | -5% |
Lubbock, Texas | $88,800 | -13.30% | -7% |
Gainesville, Ga. | $137,700 | -13.30% | 11% |
Columbus, Ind. | $117,100 | -13.20% | 2% |
Rochester, N.Y. | $125,100 | -13.00% | -9% |
Casper, Wyo. | $153,200 | -12.70% | 20% |
Springfield, Mo. | $113,300 | -12.60% | -6% |
Sandusky, Ohio | $120,100 | -12.60% | 3% |
Pittsburgh, Pa. | $115,900 | -12.50% | -1% |
Anderson, Ind. | $83,700 | -12.40% | 3% |
Abilene, Texas | $82,700 | -12.30% | -11% |
Waco, Texas | $94,900 | -12.00% | -7% |
Saginaw, Mich. | $81,700 | -11.90% | 13% |
Dayton, Ohio | $112,900 | -11.90% | 0% |
Canton, Ohio | $108,100 | -11.70% | 11% |
Jackson, Mich. | $94,500 | -11.50% | -1% |
Columbia, Mo. | $127,000 | -11.50% | N.A. |
Miami, Fla. | $191,200 | -11.40% | 55% |
Kansas City, Mo. | $130,400 | -11.40% | 4% |
Bloomington, Ill. | $135,900 | -11.40% | 3% |
Madera, Calif. | $170,100 | -11.30% | 70% |
Bay City, Mich. | $83,300 | -11.30% | 26% |
Decatur, Ill. | $87,900 | -11.20% | 1% |
Tallahassee, Fla. | $135,200 | -11.10% | 22% |
Essex County, Mass. | $302,300 | -10.70% | 28% |
Lincoln, Neb. | $125,100 | -10.60% | -2% |
Worcester, Mass. | $213,000 | -10.50% | 29% |
Santa Cruz, Calif. | $457,100 | -10.50% | 44% |
Athens, Ga. | $135,300 | -10.50% | 3% |
St. Joseph, Mo. | $98,700 | -10.30% | 7% |
Rocky Mount, N.C. | $95,900 | -10.30% | -5% |
Des Moines, Iowa | $127,700 | -10.30% | -2% |
San Jose, Calif. | $507,000 | -10.20% | 44% |
Chicago, Ill. | $222,800 | -10.20% | 21% |
Springfield, Ill. | $110,000 | -10.10% | -5% |
Bethesda, Md. | $380,900 | -10.00% | 36% |
Sioux Falls, S.D. | $126,000 | -9.90% | -2% |
Rochester, Minn. | $138,100 | -9.70% | 0% |
Lexington, Ky. | $139,800 | -9.70% | 4% |
Trenton, N.J. | $260,000 | -9.50% | 20% |
Jefferson City, Mo. | $113,500 | -9.40% | -5% |
San Luis Obispo, Calif. | $341,300 | -9.30% | 53% |
Cedar Rapids, Iowa | $116,300 | -9.20% | -3% |
Rome, Ga. | $100,500 | -9.10% | N.A. |
Appleton, Wis. | $133,500 | -9.10% | 0% |
Louisville, Ky. | $128,400 | -8.90% | 3% |
Toledo, Ohio | $102,800 | -8.70% | 9% |
St. Louis, Mo. | $135,300 | -8.60% | 9% |
Panama City, Fla. | $129,000 | -8.60% | 46% |
Joplin, Mo. | $93,000 | -8.60% | N.A. |
Amarillo, Texas | $98,400 | -8.50% | 0% |
Minneapolis, Minn. | $183,800 | -8.20% | 24% |
Parkersburg, W.Va. | $97,000 | -8.10% | N.A. |
Detroit, Mich. | $74,400 | -7.80% | 19% |
Hartford, Conn. | $231,100 | -7.70% | 4% |
Raleigh, N.C. | $186,400 | -7.60% | -3% |
Peoria, Ill. | $116,900 | -7.50% | 10% |
Springfield, Ohio | $100,700 | -7.40% | 8% |
Gary, Ind. | $126,400 | -7.20% | 9% |
Sherman, Texas | $92,400 | -7.10% | -1% |
New York, N.Y. | $456,600 | -7.10% | 27% |
Santa Ana, Calif. | $469,300 | -6.90% | 44% |
Iowa City, Iowa | $152,400 | -6.90% | -6% |
Greensboro, N.C. | $123,300 | -6.90% | -2% |
Austin, Texas | $177,400 | -6.90% | -7% |
Green Bay, Wis. | $134,100 | -6.70% | 8% |
Bloomington, Ind. | $121,000 | -6.60% | 3% |
Nashville, Tenn. | $165,500 | -6.50% | -1% |
Spartanburg, S.C. | $101,800 | -6.40% | -1% |
Niles, Mich. | $117,400 | -6.30% | 21% |
Columbia, S.C. | $120,300 | -6.30% | 1% |
Augusta, Ga. | $113,500 | -6.30% | -2% |
Manchester, N.H. | $207,000 | -6.10% | 23% |
Florence, S.C. | $89,800 | -6.10% | -1% |
Charlotte, N.C. | $159,600 | -6.10% | -6% |
Prescott, Ariz. | $164,000 | -6.00% | 46% |
Mobile, Ala. | $111,800 | -6.00% | -2% |
Winston-Salem, N.C. | $127,600 | -5.90% | -1% |
Huntington, W.Va. | $92,900 | -5.90% | N.A. |
Burlington, N.C. | $115,700 | -5.60% | 0% |
New Haven, Conn. | $240,200 | -5.50% | 11% |
Albany, Ga. | $90,200 | -5.50% | -2% |
Fairbanks, Alaska | $195,700 | -5.40% | N.A. |
Davenport, Iowa | $107,500 | -5.40% | 7% |
Syracuse, N.Y. | $125,700 | -5.30% | -4% |
Buffalo, N.Y. | $126,000 | -5.30% | -5% |
Washington, D.C. | $316,400 | -5.20% | 37% |
Providence, R.I. | $235,500 | -4.90% | 35% |
Brunswick, Ga. | $119,800 | -4.90% | 23% |
Rockingham County, N.H. | $217,600 | -4.80% | 20% |
Chico, Calif. | $194,100 | -4.80% | 59% |
Chattanooga, Tenn. | $117,700 | -4.80% | 5% |
Gulfport, Miss. | $117,400 | -4.70% | N.A. |
Milwaukee, Wis. | $180,500 | -4.30% | 16% |
Greenville, S.C. | $122,100 | -4.30% | 0% |
Fargo, N.D. | $136,500 | -4.30% | 3% |
Durham, N.C. | $176,300 | -4.20% | 2% |
Las Cruces, N.M. | $119,000 | -3.80% | 0% |
Lima, Ohio | $99,600 | -3.60% | 1% |
Youngstown, Ohio | $92,900 | -3.50% | 8% |
Pueblo, Colo. | $119,500 | -3.50% | 5% |
Lawrence, Kan. | $159,800 | -3.50% | 0% |
Erie, Pa. | $109,700 | -3.20% | 2% |
Champaign, Ill. | $123,400 | -3.10% | 9% |
Topeka, Kan. | $107,200 | -2.90% | 4% |
Madison, Wis. | $195,400 | -2.80% | 16% |
Philadelphia, Pa. | $227,700 | -2.70% | 15% |
Sheboygan, Wis. | $137,200 | -2.60% | 9% |
Anderson, S.C. | $105,200 | -2.40% | N.A. |
St. Cloud, Minn. | $139,100 | -2.30% | N.A. |
Springfield, Mass. | $202,200 | -2.20% | 19% |
Savannah, Ga. | $141,400 | -2.20% | 21% |
Norwich, Conn. | $230,200 | -2.20% | 15% |
Lebanon, Pa. | $150,900 | -2.20% | N.A. |
Hagerstown, Md. | $170,700 | -2.20% | N.A. |
Redding, Calif. | $182,100 | -2.10% | 56% |
Denver, Colo. | $229,300 | -2.10% | 10% |
Lewiston, Idaho | $139,800 | -2.00% | N.A. |
Wausau, Wis. | $128,800 | -1.90% | 4% |
Knoxville, Tenn. | $133,200 | -1.70% | 3% |
San Angelo, Texas | $99,300 | -1.40% | -10% |
Los Angeles, Calif. | $368,000 | -1.40% | 54% |
Elkhart, Ind. | $109,900 | -1.20% | -6% |
Fort Collins, Colo. | $219,200 | -1.00% | 10% |
Flagstaff, Ariz. | $207,600 | -1.00% | 29% |
Newark, N.J. | $362,700 | -0.90% | 27% |
Auburn, Ala. | $122,200 | -0.40% | N.A. |
Mansfield, Ohio | $100,200 | -0.30% | 7% |
Kennewick, Wash. | $155,300 | -0.30% | 2% |
Source: IHS Global Insight/PNC Financial Service