Many analysts agree that home prices have bottomed out.
According to the latest data from Fiserv Case-Shiller, National home prices are expected to rise 3.3 percent in the next five years.
Of course, there will be many cities that see home prices lag behind the rest of the country.
We drew on the Fiserv Case-Shiller data to identify the 15 worst housing markets in the U.S.
The bottom 15 cities are ranked by the projected annualized change in home prices between Q3 2012 and Q3 2017.
We also included the median home price, median household income, unemployment rate, and the change in home prices since their peak, to offer a broader view of the local economy and housing market.
Note: The median family income and home price is for Q3 2012. Unemployment data is as of December 2012, and population data for the metros is for 2011.
Austin-Round Rock-San Marcos, Texas
Annualized expected growth from Q3 2012 – Q3 2017: +1.4 percent
The Austin-Round Rock-San Marcos metro area has seen home prices fall 0.2 percent since they peaked in Q1 2009. It has a median home price of $208,000, which is above the national median of $178,200.
It has a population of nearly 1.8 million, an unemployment rate of 5.1 percent, and a median family income of $73,800, which is above the national median of $63,800.
Data provided by Fiserv Case Shiller Indexes
College Station-Bryan, Texas
Annualized expected growth from Q3 2012 – Q3 2017: +1.4 percent
The College Station-Bryan area has a population of about 231,623 million, an unemployment rate of 5.3 percent, and a median family income of $54,800.
Data provided by Fiserv Case Shiller Indexes
Waterloo-Cedar Falls, Iowa
Annualized expected growth from Q3 2012 – Q3 2017: +1.4 percent
The Waterloo-Cedar Falls metro area has a population of about 168,289, an unemployment rate of 5.0 percent, and a median family income of $65,200.
Data provided by Fiserv Case Shiller Indexes
Altoona, Pennsylvania
Annualized expected growth from Q3 2012 – Q3 2017: +1.4 percent
The Altoona metro area has a population of 127,099, an unemployment rate of 7.1 percent, and a median family income of $56,900.
Data provided by Fiserv Case Shiller Indexes
Laredo, Texas
Annualized expected growth from Q3 2012 – Q3 2017: +1.3 percent
The Laredo metro area has seen home prices fall 4.9 percent since their Q1 2009 peak. It has a population of 256,496, an unemployment rate of 6.4 percent, and a median family income of $40,900.
Data provided by Fiserv Case Shiller Indexes
San Angelo, Texas
Annualized expected growth from Q3 2012 – Q3 2017: +1.3 percent
The San Angelo metro area has a population of 113,443, an unemployment rate of 4.7 percent, and a median family income of $56,000, which is below the national median of $63,800.
Data provided by Fiserv Case Shiller Indexes
Denver-Aurora-Broomfield, Colorado
Annualized expected growth from Q3 2012 – Q3 2017: +0.9 percent
The Denver-Aurora-Broomfield area has seen home prices fall 5.4 percent since they peaked in Q1 2006. It now has a median home price of $273,000.
It has a population of about 2.6 million, an unemployment rate of 7.5 percent, and a median family income of $76,200.
Data provided by Fiserv Case Shiller Indexes
Odessa, Texas
Annualized expected growth from Q3 2012 – Q3 2017: +0.9 percent
The Denver-Aurora-Broomfield area has seen home prices fall 5.4 percent since they peaked in Q1 2006. It now has a median home price of $273,000.
It has a population of about 2.6 million, an unemployment rate of 7.5 percent, and a median family income of $76,200.
Data provided by Fiserv Case Shiller Indexes
Midland, Texas
Annualized expected growth from Q3 2012 – Q3 2017: +0.9 percent
The Midland metro area has a median family income of $67,500, a population of 140,308, and an unemployment rate of 3.2 percent.
Data provided by Fiserv Case Shiller Indexes
Naples-Marco Island, Florida
Annualized expected growth from Q3 2012 – Q3 2017: +0.7 percent
The Naples-Marco Island metro area has a median home price of $265,000, down 50.4 percent from its Q1 2006 peak.
The metro has a population of 328,134, an 8.0 percent unemployment rate, and a median family income of $63,700.
Data provided by Fiserv Case Shiller Indexes
Ann Arbor, Michigan
Annualized expected growth from Q3 2012 – Q3 2017: +0.6 percent
Ann Arbor has a median home price of $180,000, down 20.6 percent from its Q4 2005 peak.
It has a population of 347,962, an unemployment rate of 5.3 percent, and a median family income of $84,900.
Data provided by Fiserv Case Shiller Indexes
Phoenix-Mesa-Glendale, Arizona
Annualized expected growth from Q3 2012 – Q3 2017: +0.5 percent
The Phoenix-Mesa-Glendale metro area has a median home price of $175,000 and home prices are 47.5 percent off their Q2 2006 peak.
It has a population of 4.26 million, an unemployment rate of 6.7 percent, and a median family income of $60,300.
Data provided by Fiserv Case Shiller Indexes
Elmira, New York
Annualized expected growth from Q3 2012 – Q3 2017: +0.5 percent
Elmira has a median home price of $106,000, which is below the national median of $178,200.
It has a population of 88,840, an unemployment rate of 9.2 percent, and a median family income of $58,800.
Data provided by Fiserv Case Shiller Indexes
Fort Lauderdale-Pompano Beach-Deerfield Beach, Florida
Annualized expected growth from Q3 2012 – Q3 2017: -0.2 percent
Home prices in the Fort Lauderdale-Pompano Beach-Deerfield Beach metro area have fallen 46.1 percent since their Q2 2006 peak.
The median home price is $220,000, above the national median of $178,200. It has a median family income is $60,600, below the national median of $63,800. The metro area has a population of about 1.8 million and an unemployment rate of 6.9 percent.
Data provided by Fiserv Case Shiller Indexes
Miami-Miami Beach-Kendall, Florida
Annualized expected growth from Q3 2012 – Q3 2017: -1.0 percent
Miami-Miami Beach-Kendall home prices are 48.4 percent off their Q1 2007 peak, and the metro has a median home price of $206,000.
It has a population of 2.5 million people, an unemployment rate of 8.8 percent, and a median family income of $48,200 below the national median.
Data provided by Fiserv Case Shiller Indexes