The 15 Best Housing Markets For The Next Five Years

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American home prices are expected to decline 1 per cent from now through March 2013, according to the latest home price report by Fiserv Case-Shiller.

But over the next five years, home prices are projected to rise 3.9 per cent.We drew on Fiserv Case-Shiller data to identify the best housing markets for the next five years.

The top 15 cities are ranked by the projected annualized change in home prices between Q1 2012 and Q1 2017.

We also included the median home price, median household income, unemployment rate, and the change in home prices since their peak to give a better understanding of the local economy and housing market.

Note: The median family income and home price data is for Q1 2012. Unemployment data is for May 2012, and population data is for 2011.

Atlanta-Sandy Springs-Marietta, Georgia

Annualized expected growth from 2012 - 2017:
7.9 per cent

Home prices have declined 37.6 per cent in the Atlanta-Sandy Springs-Marietta metro area since they peaked in Q1 2007. The median home price is $104,000 which is lower than the national median of $159,000.

The metro has a population of 5.36 million, an unemployment rate of 8.7 per cent and a median family income of $65,000.

Data provided by Fiserv Case-Shiller Indexes

Palm Coast, Florida

Annualized expected growth from 2012 - 2017:
7.9 per cent

Home prices have fallen 55.0 per cent in Palm Coast since their Q2 2006 peak, and the city has a median home price of $117,000.

It has a population of 97,376, an unemployment rate of 12.1 per cent, and a median family income of $51,600.

Data provided by Fiserv Case-Shiller Indexes

Bend, Oregon

Annualized expected growth from 2012 - 2017:
8.1 per cent

Bend home prices have dived 43.2 per cent since their Q4 2006 peak. But the city has a population of 160,338, an unemployment rate of 10.8 per cent, and a median family income of $56,700.

Data provided by Fiserv Case-Shiller Indexes

Panama City-Lynn Haven-Panama City Beach, Florida

Annualized expected growth from 2012 - 2017:
8.1 per cent

Home prices in the Panama City-Lynn Haven-Panama City Beach metro area have fallen 41.8 per cent since their Q1 2006 peak. It now has a median home price of $128,000.

The metro has a population of 169,856, an unemployment rate of 8.1 per cent, and a median family income of $56,300.

Data provided by Fiserv Case-Shiller Indexes

Santa Fe, New Mexico

Annualized expected growth from 2012 - 2017:
8.1 per cent

Santa Fe's home prices have declined 17.8 per cent from their Q4 2007 peak. The city has a population of 145,648, a relatively low unemployment rate of 5.3 per cent, and a median household income of $59,600, below the national median of $62,900.

Data provided by Fiserv Case-Shiller Indexes

Gulfport-Biloxi, Mississippi

Annualized expected growth from 2012 - 2017:
8.2 per cent

Home prices in the Gulfport-Biloxi metro area have slipped 20.6 per cent since their Q4 2007 peak, and the metro has a median home price of $94,000.

The metro has a population of 253,511, an unemployment rate of 8.1 per cent and a median household income of $52,700.

Data provided by Fiserv Case-Shiller Indexes

Bremerton-Silverdale, Washington

Annualized expected growth from 2012 - 2017:
8.2 per cent

Home prices in the Bremerton-Silverdale metro area are down 28.9 per cent since their second quarter 2007 peak. It has a median home price of

It has an unemployment rate of 7.4 per cent, below the national rate, a median home price of $225,000, and a median family income of $70,800.

Data provided by Fiserv Case-Shiller Indexes

Santa Barbara-Santa Maria-Goleta, California

Annualized expected growth from 2012 - 2017:
8.2 per cent

The Santa Barbara-Santa Maria-Goleta metro area has a population of 426,878, a median family income of $69,000, and an unemployment rate of 8.2 per cent.

Home prices are down 52.1 per cent from their Q3 2006 peak, and it has a median home price of $250,000.

Data provided by Fiserv Case-Shiller Indexes

Ocala, Florida

Annualized expected growth from 2012 - 2017:
8.4 per cent

Home prices in Ocala are down 49.3 per cent from their Q3 2006 peak.

But Ocala has a high unemployment rate of 10.0 per cent, a median family income of $44,600, and a median home price of $94,000.

Data provided by Fiserv Case-Shiller Indexes

Sebastian-Vero Beach, Florida

Annualized expected growth from 2012 - 2017:
8.7 per cent

Sebastian-Vero Beach home prices have fallen 51.4 per cent since their Q4 2005 peak, which could make it a good time to invest.

The median cost of a home is $145,000, but the metro has an unemployment rate of 10.6 per cent, and a median family income of $58,600.

Data provided by Fiserv Case-Shiller Indexes

Napa, California

Annualized expected growth from 2012 - 2017:
9.9 per cent

Home prices in Napa have plunged 51.9 per cent since they peaked in Q1 2006, and the city has a median home price of $339,000.

Napa has a population of 138,088, an unemployment rate of 8.2 per cent, and a median family income of $77,700.

Data provided by Fiserv Case-Shiller Indexes

Madera-Chowchilla, California

Annualized expected growth from 2012 - 2017:
10.0 per cent

The Madera-Chowchilla metro area has seen home prices fall 54.5 per cent since they peaked in the third quarter of 2006.

At 14.9 per cent, the unemployment rate is much higher than the national unemployment rate 8.3 per cent. The metro has a population of 152,925 and a low median family income of $52,700.

Data provided by Fiserv Case-Shiller Indexes

Deltona-Daytona Beach-Ormond Beach, Florida

Annualized expected growth from 2012 - 2017:
10.0 per cent

The Deltona-Daytona Beach-Ormond Beach metro area has seen home prices dive 54.8 per cent since the first quarter of 2006. It has a median home price of $100,000.

It has a population of 494,804, an unemployment rate of 8.8 per cent, and a median family income of $55,200, that is below the national median.

Data provided by Fiserv Case-Shiller Indexes

Lakeland-Winter Haven, Florida

Annualized expected growth from 2012 - 2017:
10.2 per cent

Lakeland-Winter Haven's home prices have plunged 55.7 per cent since their Q2 2006 peak. The metro has a median home price of $104,000.

It also has a population of 609,492, a median family income of $49,800, and an unemployment rate of 9.6 per cent.

Data provided by Fiserv Case-Shiller Indexes

Medford, Oregon

Annualized expected growth from 2012 - 2017:
12.0 per cent

Medford's home prices have fallen 38.5 per cent since their peak in Q2 2006. The metro has a population of 204,822 and median family income of $49,600.

At 10.2 per cent Medford's unemployment rate is higher than the national average.

Data provided by Fiserv Case-Shiller Indexes

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