The 15 Best Housing Markets For The Next Five Years

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The double-dip in home prices that began in 2010 continued to drive down home prices in the third quarter, according to the latest data from Fiserv Case-Shiller.The average price of a U.S. single-family home fell 3.9 per cent from a year ago.

But national home prices are expected to grow at an annualized rate of 3.5 per cent between 2011 and Q3 2016 according to Fiserv.

We drew on Fiserv’s data and picked the best housing markets for the next five years. We also included the median home price for each metro and the change in home prices since their peak.

Ocala, Florida

Annualized expected growth from 2011 - 2016: 8.2 per cent

Home prices in Ocala have tanked 49.1 per cent since they peaked in Q3 2006, and it has a median home price of $93,000. Ocala does however have a high unemployment rate of 11.8 per cent and median family income of $44,000.

Data provided by Fiserv Case Shiller Indexes

Eugene-Springfield, Oregon

Annualized expected growth from 2011 - 2016: 8.2 per cent

Home prices in the Eugene-Springfield metro area have slipped 20.5 per cent since their Q2 2007 peak. The metro has an unemployment rate of 9.2 per cent and a median household income of $52,600, which is below the national median.

Data provided by Fiserv Case Shiller Indexes

Panama City-Lynn Haven-Panama City Beach, Florida

Annualized expected growth from 2011 - 2016: 8.2 per cent

Panama City has a median home price of $138,000, and its home prices are 42.2 per cent off their Q1 2006 peak. The metro has an unemployment rate of 9.5 per cent and a median household income of $55,000.

Data provided by Fiserv Case Shiller Indexes

Bakersfield-Delano, California

Annualized expected growth from 2011 - 2016: 8.3 per cent

Bakersfield's home prices have fallen 58.5 per cent since they peaked in Q2 2006. The median home price is $125,000. The metro's 13.9 per cent unemployment rate is above the national average, and it has a median household income of $50,500.

Data provided by Fiserv Case Shiller Indexes

Mountain Vernon-Anacortes, Washington

Annualized expected growth from 2011 - 2016: 8.3 per cent

Home prices have fallen 23.6 per cent in the Mt. Vernon-Anacortes metro area since their peak in Q4 2007. It has an unemployment rate of 9.6 per cent, higher than the national average. The median family income of $64,600, is above the national median of $62,200.

Data provided by Fiserv Case Shiller Indexes

Sebastian-Vero Beach, Florida

Annualized expected growth from 2011 - 2016: 8.7 per cent

The Sebastian-Vero Beach metro area has a median home price of $137,000, and home prices have declined 53.1 per cent since their Q4 2005 peak. At 12.2 per cent, the unemployment rate is higher than the national average. The median family income of $57,800, is below the national median of $62,200.

Data provided by Fiserv Case Shiller Indexes

Tucson, Arizona

Annualized expected growth from 2011 - 2016: 9 per cent

Tucson's home prices have plummeted 45.1 per cent since their peak in Q1 2006. The median price of a Tucson home is $139,000. It has an unemployment rate of 7.9 per cent and a median household income of $56,100.

Data provided by Fiserv Case Shiller Indexes

Sante Fe, New Mexico

Annualized expected growth from 2011 - 2016: 9.2 per cent

Santa Fe's home prices have tumbled 18 per cent since their Q4 2007 peak. It has a low unemployment rate of 5.2 per cent and a median household income of $58,800.

Data provided by Fiserv Case Shiller Indexes

Lakeland-Winter Haven, Florida

Annualized expected growth from 2011 - 2016: 9.6 per cent

The Lakeland-Winter Haven metro area has a median home price of $100,000, and home prices have declined 56.3 per cent since their Q2 2006 peak. At 11.2 per cent, the unemployment rate is relatively high, and the median family income of $49,100, is below the national median of $62,200.

Data provided by Fiserv Case Shiller Indexes

Bremerton-Silverdale, Washington

Annualized expected growth from 2011 - 2016: 9.9 per cent

Bremerton-Silverdale home prices have fallen 26.2 per cent since the Q2 2007 peak, and the current median home price is $250,000. The city also has a median family income of $69,500 and a relatively low unemployment rate of 7.9 per cent.

Data provided by Fiserv Case Shiller Indexes

Flagstaff, Arizona

Annualized expected growth from 2011 - 2016: 9.9 per cent

Flagstaff home prices have fallen 38 per cent since their Q2 2006 peak, which could make it a good time to invest. The median cost of a home is $243,000. The metro has an unemployment rate of 7.8 per cent, below the national average.

Data provided by Fiserv Case Shiller Indexes

Madera-Chowchilla, California

Annualized expected growth from 2011 - 2016: 10.4 per cent

Madera-Chowchilla has a population 150,758 and a high unemployment rate of 14.4 per cent. Its homes prices are down 53.3 per cent from their Q3 2006 peak.

Data provided by Fiserv Case Shiller Indexes

Bend, Oregon

Annualized expected growth from 2011 - 2016: 10.5 per cent

Home prices in Bend are 43.6 per cent off their peak in Q1 2007, which could make it good time to invest. But Bend has a high unemployment rate of 11.9 per cent and a median family income of $56,000 which is lower than the national median of $62,200.

Data provided by Fiserv Case Shiller Indexes

Napa, California

Annualized expected growth from 2011 - 2016: 11.0 per cent

Napa has a median home price of $327,000 and prices have fallen 50.7 per cent since they peaked in Q1 2006. The city's employment rate is 8.6 per cent and it has a median family income of $76,400, above the national average.

Data provided by Fiserv Case Shiller Indexes

Medford, Oregon

Annualized expected growth from 2011 - 2016: 11.5 per cent

Medford's home prices have fallen 37.6 per cent since their peak in Q2 2006. The metro has a population of 202,306 and median family income of $49,000. At 10.8% Medford's unemployment rate is higher than the national average.

Data provided by Fiserv Case Shiller Indexes

But will any of these make America's buyers market?

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