Wednesday, March 6, 2013

The 15 Best Housing Markets For The Next Five Years


Norwich-New London, Connecticut

Norwich-New London, Connecticut
Annualized expected growth from 2012 - 2017: 
7.9 percent
Home prices in Norwich-New London have tumbled 23.4 percent since their Q2 2006 peak.
It has a population of 273,502, an unemployment rate of 8.6 percent, and a median family income of $80,500,
above the national median of $63,800. It also has a median home price of $225,000.

Tucson, Arizona

Annualized expected growth from 2012 - 2017: 
7.2 percent
Tucson's home prices have plunged 40.4 percent since their Q1 2006 peak. The metro has a median home price of $165,000.
It has a population of 989,569, a median family income of $57,800, and an unemployment rate of 6.9 percent.

Visalia-Porterville, California

Visalia-Porterville, California
Google Maps
Annualized expected growth from Q3 2012 - Q3 2017:
7.2 percent
Home prices in the Visalia-Porterville metro area have plunged 52.9 percent since they peaked in Q1 2006, and the city has a median home price of $145,000.
It has a population of 449,253, an unemployment rate of 14.9 percent, and a median family income of $48,200below the nationational median.
Ocala, Florida
Annualized expected growth from Q3 2012 - Q3 2017: 
7.2 percent
Home prices in Ocala are down 48.1 percent from their Q3 2006 peak.
The metro has a population of 332,529, an unemployment rate of 9.0 percent, a median family income of $45,300, and a median home price of $107,000.

Yakima, Washington

Annualized expected growth from Q3 2012 - Q3 2017: 
7.3 percent
Home prices in Yakima are down 9 percent since their Q1 2009 peak. It has a median home price of $157,000.
Yakima has a population of 247,141, an unemployment rate of 9.3 percent, and a median family income of $48,800.

Gulfport-Biloxi, Mississippi

Annualized expected growth from Q3 2012 - Q3 2017: 
7.4 percent
Home prices in the Gulfport-Biloxi metro area have slipped 21.4 percent since their Q4 2007 peak, and the metro has a median home price of $108,000.
It has a population of 253,511, an unemployment rate of 7.9 percent and a median household income of $53,100.

Vallejo-Fairfield, California
Annualized expected growth from Q3 2012 - Q3 2017: 
7.5 percent
The Vallejo-Fairfield metro area's home prices have fallen 59.2 percent since their Q1 2006 peak.
It has a population of 416,471 and an unemployment rate of 9.5 percent. It also has a median family income of $76,800, and a median home price of $230,000.

Yuma, Arizona
Yuma, Arizona
Google Maps
Annualized expected growth from 2012 - 2017: 
7.7 percent
Home prices in Yuma have fallen 37.7 percent since their Q4 2006 peak.
It has a population of 200,870, an unemployment rate of 30.1 percent, nearly four times the national average. It has a median family income of $45,700

Reno-Sparks, Nevada
Annualized expected growth from Q3 2012 - Q3 2017: 
8.1 percent
The Reno-Sparks metro area has a population of 429,606, a median family income of $63,100, and an unemployment rate of 10.0 percent, higher than the national unemployment rate of 7.8 percent.
Home prices are down 52.6 percent from their Q1 2006 peak, and the metro has a median home price of $177,000.

Santa Barbara-Santa Maria-Goleta, California
Santa Barbara-Santa Maria-Goleta, California
Google Maps
Annualized expected growth from Q3 2012 - Q3 2017: 
8.4 percent
The Santa Barbara-Santa Maria-Goleta metro area has a population of 426,878, a median family income of $70,300, and an unemployment rate of 7.2 percent.
Home prices are down 50.4 percent from their Q3 2005 peak, and the metro has a median home price of $285,000.

Carson City, Nevada
Carson City, Nevada
Google Maps
Annualized expected growth from Q3 2012 - Q3 2017: 8.5 percent
Carson City home prices have fallen 51.0 percent since their Q2 2006 peak.
The Carson City metro area has a population of 55,439, an unemployment rate of 10.2 percent, and a median family income of $66,300.

Sebastian-Vero Beach, Florida
Sebastian-Vero Beach, Florida
Google Maps
Annualized expected growth from Q3 2012 - Q3 2017: 8.9 percent
Sebastian-Vero Beach home prices have fallen 50.5 percent since their Q4 2005 peak.
The metro has an unemployment rate of 9.9 percent, a median family income of $59,200, median home price of $139,000.

Panama City-Lynn Haven-Panama City Beach, Florida
Panama City-Lynn Haven-Panama City Beach, Florida
Wikimedia Commons
Annualized expected growth from Q3 2012 - Q3 2017: 
9.1 percent
Home prices in the Panama City-Lynn Haven-Panama City Beach metro area have fallen 41.9 percent since their Q1 2006 peak. It now has a median home price of $143,000.
The metro has a population of 169,856, an unemployment rate of 7.6 percent, and a median family income of $56,400.

Santa Fe, New Mexico
Annualized expected growth from Q3 2012 - Q3 2017: 
9.1 percent
Santa Fe's home prices have fallen 21.1 percent from their Q4 2007 peak. The Sante Fe metro area has a population of 145,648, an unemployment rate of 5.0 percent below the national average, and a median household income of $60,100, below the national median of $63,800.

Medford, Oregon
Medford, Oregon
Annualized expected growth from Q3 2012 - Q3 2017: 
9.7 percent
Medford's home prices have fallen 39.2 percent since their peak in Q2 2006. The metro has a population of 204,822 and median family income of $50,100.
At 10.0 percent Medford's unemployment rate is higher than the national average.
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