The 15 Worst Housing Markets For The Next Five Years

Miami, FloridaDowntown Miami, Florida

Photo: Flickr/anonymonk

Home prices in the third quarter of 2011 continued to ease.  According to 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.Average U.S. prices are expected to fall another 2.7 per cent year-over-year by Q3 2012,  before rising Q3 2013.

Case-Shiller made 5-year projections for 384 major U.S. housing markets.  Yesterday we shared with you the 15 best housing markets.  Today, we’re following it up with the 15 worst.

College Station-Bryan, Texas

Annualized expected growth from 2011 - 2016: +1.1 per cent

The College Station-Bryan metro area has a median family income of $52,800, which is below the national median of $62,200. Data on the median home price and change in home prices since the peak is unavailable.

Data provided by Fiserv Case Shiller Indexes

Columbia, Missouri

Annualized expected growth from 2011 - 2016: +1.1 per cent

Columbia's home prices have fallen 1.4 per cent since their peak in Q4 2006. It has a median family income of $62,800, and a median home price of $150,000.

Data provided by Fiserv Case Shiller Indexes

Elmira, New York

Annualized expected growth from 2011 - 2016: +1.1 per cent

Elmira has a median home price of $91,000, and a median family income of $57,100. It has an unemployment rate of 7.6 per cent. Data on the change in home prices since the peak is unavailable.

Data provided by Fiserv Case Shiller Indexes

San Angelo, Texas

Annualized expected growth from 2011 - 2016: +1.1 per cent

San Angelo's home prices have fallen 1.1 per cent since their Q2 2009 peak. San Angelo has an unemployment rate of 6.4 per cent and a median family income of $53,300.

Data provided by Fiserv Case Shiller Indexes

Fort Lauderdale-Pompano Beach-Deerfield Beach, Florida

Annualized expected growth from 2011 - 2016: +1.0 per cent

Home prices have fallen 49.7 per cent since their Q2 2006 peak in the Fort Lauderdale-Pompano Beach-Deerfield Beach metro area. It has a median home price of $198,000 and a median family income of $59,300.

Data provided by Fiserv Case Shiller Indexes

Waterloo-Cedar Falls, Iowa

Annualized expected growth from 2011 - 2016: +1.0 per cent

The Waterloo-Cedar Falls metro are has seen home prices ease 0.2 per cent since the Q2 2009 peak. It has a median home price of $118,00 and a median family income of $62,000.

Data provided by Fiserv Case Shiller Indexes

Austin-Round Rock-San Marcos, Texas

Annualized expected growth from 2011 - 2016: +1.0 per cent

Home prices have declined 2.9 per cent since their Q1 2009 peak in the Austin-Round Rock-San Marcos metro area. It has a median family income of $70,500 and a median home price of $195,000.

Data provided by Fiserv Case Shiller Indexes

Ithaca, New York

Annualized expected growth from 2011 - 2016: +1.0 per cent

Home prices in Ithaca have fallen 2 per cent since their Q4 2009 peak. Ithaca has a median home price of $179,000, and a median family income of $79,600.

Data provided by Fiserv Case Shiller Indexes

Elizabethtown, Kentucky

Annualized expected growth from 2011 - 2016: +0.9 per cent

Elizabethtown has a population of 116,132, and an unemployment rate of 9.4 per cent. It has a median family income of $54,100. Data on median home price and the change in home prices since the peak is unavailable.

Data provided by Fiserv Case Shiller Indexes

Gadsden, Alabama

Annualized expected growth from 2011 - 2016: +0.9 per cent

Gadsden's home prices have fallen 3.4 per cent since their Q2 2009 peak. It has a population of 103,550 and a median income of $40,600.

Data provided by Fiserv Case Shiller Indexes

Crestview-Fort Walton Beach-Destin, Florida

Annualized expected growth from 2011 - 2016: +0.7 per cent

The Crestview-Fort Walton Beach-Destin metro area has seen home prices decline 38.5 per cent since their Q4 2005 peak. It has a median home price of $192,000 and a median family income of $61,500.

Data provided by Fiserv Case Shiller Indexes

Midland, Texas

Annualized expected growth from 2011 - 2016: +0.7 per cent

Midland has a population of 132,844 and a low unemployment rate of 4.7 per cent. Data on Midland's median home price and change in its home prices since the peak were not available.

Data provided by Fiserv Case Shiller Indexes

Shreveport-Bossier City, Louisiana

Annualized expected growth from 2011 - 2016: +0.7 per cent

Shreveport-Bossier City home prices are down 0.3 per cent since their Q3 2010 peak. The metro's median home price of $164,000 is in line with the national average.

Data provided by Fiserv Case Shiller Indexes

Nassau-Suffolk, New York

Annualized expected growth from 2011 - 2016: 0.0 per cent

Nassau-Suffolk home prices have fallen 22.5 per cent since their Q2 2006 peak. Its median home price of $415,000 is higher than the national median of $164,000. It has a population of about 2.9 million and a relatively low unemployment rate of 6.7 per cent.

Data provided by Fiserv Case Shiller Indexes

Miami-Miami Beach-Kendall, Florida

Annualized expected growth from 2011 - 2016: -1.6 per cent

Miami-Miami Beach-Kendall home prices are 52.9 per cent off their Q1 2007 peak, and has a median home price of $185,000. The metro has a population of over 2.5 million and an unemployment rate of 10.2 per cent.

Data provided by Fiserv Case Shiller Indexes

Looking for states with the best deals on foreclosed homes instead?

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.