The 15 Worst Housing Markets For The Next Five Years

Photo: Shreveport-Bossier: Louisiana’s Other Side via Flickr

Home prices across the nation are down 33.3 per cent since they peaked in the first quarter of 2006, according to latest data from Fiserv Case-Shiller.But home prices are projected to increase 3.9 per cent between now and the first quarter of 2017.

Yesterday we put together a list of the 15 best housing markets for the next five years.

We’re following this up with a feature on the 15 housing markets that are projected to see the most declines or slowest growth in home prices.

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.

Atlantic City-Hammonton, New Jersey

Annualized expected growth from 2012 - 2017: 1.2 per cent

The Atlantic City-Hammonton metro area has a median home price of $193,000, above the national median of $159,000. And its home prices are 35.3 per cent lower than they were during their peak in the second quarter of 2006.

It has a population of 274,338, an unemployment rate of 12.6 per cent, much higher than the national average of 8.2 per cent, and a median family income of $64,200 above the national median of $62,900.

Data provided by Fiserv Case Shiller Indexes

Columbia, Missouri

Annualized expected growth from 2012 - 2017: 1.2 per cent

Columbia has a median home price of $145,000 and its home prices are down 0.5 per cent since their Q1 2008 peak.

It has a population of 175,831, an unemployment rate of 5.1 per cent, and a median family income of $63,900.

Data provided by Fiserv Case Shiller Indexes

Shreveport-Bossier City, Louisiana

Annualized expected growth from 2012 - 2017: 1.1 per cent

Shreveport-Bossier City has a median home price of $151,000 and the metro's home prices area down 0.9 per cent since they peaked in Q3 2010.

It has a population of 403,595, an unemployment rate of 7.2 per cent, and a median family income of $54,900.

Data provided by Fiserv Case Shiller Indexes

Gadsden, Alabama

Annualized expected growth from 2012 - 2017: 1.1 per cent

Gadsden's home prices have declined 1.9 per cent since their Q1 2009 peak.

The metro has a population of 104,303, an unemployment rate of 7.4 per cent and a median family income of $41,100.

Data provided by Fiserv Case Shiller Indexes

St. George, Utah

Annualized expected growth from 2012 - 2017: 1.1 per cent

St. George's metro prices have fallen 37.1 per cent since their Q4 2006 peak. It has a population of 141,666, an unemployment rate of 7.7 per cent and a median family income of $55,400.

Data provided by Fiserv Case Shiller Indexes

San Angelo, Texas

Annualized expected growth from 2012 - 2017: 1.1 per cent

San Angelo has a population of 113,443, a relatively low unemployment rate of 5.3 per cent and a median family income of $55,000.

Data provided by Fiserv Case Shiller Indexes

Elmira, New York

Annualized expected growth from 2012 - 2017: 1.0 per cent

Elmira has a population of 88,840, an unemployment rate of 8.8 per cent and a median family income of $58,000, below the national median of $62,900.

Data provided by Fiserv Case Shiller Indexes

Austin-Round Rock-San Marcos, Texas

Annualized expected growth from 2012 - 2017: 1.0 per cent

Home prices in the Austin-Round Rock-San Marcos area have fallen 1.5 per cent since the first quarter of 2009. It also has a median home price of $193,000.

The metro has a population of 1.8 million, a relatively low unemployment rate of 5.9 per cent, and a median family income of $72,800.

Data provided by Fiserv Case Shiller Indexes

Amarillo, Texas

Annualized expected growth from 2012 - 2017: 0.9 per cent

Amarillo has a median home price of $127,000 and a median family income of $62,200. It also has a population of 253,823, an unemployment rate of 4.9 per cent.

Data provided by Fiserv Case Shiller Indexes

Phoenix-Mesa-Glendale, Arizona

Annualized expected growth from 2012 - 2017: 0.9 per cent

The Phoenix-Mesa-Glendale metro area has a median home price of $144,000 and home prices are 52.7 per cent off their Q2 2006 peak.

It also has a population of 4.26 million, an unemployment rate of 7.2 per cent a median family income of $59,400.

Data provided by Fiserv Case Shiller Indexes

Ithaca, New York

Annualized expected growth from 2012 - 2017: 0.8 per cent

Home prices in Ithaca are 0.5 per cent lower than their Q4 2009 peak. It has a population of 101,723, an unemployment rate of 6.5 per cent and a median family income of $80,900.

Data provided by Fiserv Case Shiller Indexes

Crestview-Fort Walton Beach-Destin, Florida

Annualized expected growth from 2012 - 2017: 0.7 per cent

Home prices in the Crestview-Fort Walton Beach-Destin metro area have declined 36.2 per cent since their Q4 2005 peak, and it has a median home price of $180,000.

It has a population of 183,482, an unemployment rate of 6.1 per cent, and a family income $62,400.

Data provided by Fiserv Case Shiller Indexes

Naples-Marco Island, Florida

Annualized expected growth from 2012 - 2017: 0.6 per cent

Naples-Marco Island home prices are down 51.8 per cent since their Q1 2006 peak.

The metro has a population of 328,134, an unemployment rate of 8.3 per cent, median home price of $257,000 and a median family income of $64,000.

Data provided by Fiserv Case Shiller Indexes

Fort Lauderdale-Pompano Beach-Deerfield Beach, Florida

Annualized expected growth from 2012 - 2017: 0.4 per cent

Home prices in the Fort Lauderdale-Pompano Beach-Deerfield Beach metro area have fallen 47.4 per cent since their Q2 2006 peak.

It has a median home price of $196,000, a population of about 1.8 million, and an unemployment rate of 7.3 per cent.

Data provided by Fiserv Case Shiller Indexes

Miami-Miami Beach-Kendall, Florida

Annualized expected growth from 2012 - 2017: -1.0 per cent

Miami-Miami Beach-Kendall home prices are 51.4 per cent off their Q1 2007 peak, and the metro has a median home price of $187,000.

But it has a population of 2.5 million people, an unemployment rate of 9.6 per cent and a median family income of $47,700 below the national median.

Data provided by Fiserv Case Shiller Indexes

Now check out the 15 best markets...

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