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