22 Feb The 15 Best Housing Markets For The Next Five Years

According to the Business Insider, the double-dip in home prices that began in 2010 continued to drive down home prices in the third quarter.

The average price of a U.S. single-family home fell 3.9 percent; however, national home prices are expected to grow at a yearly rate of 3.5 percent between 2011 and 2016.

The article shows how Fiserv’s data helped pick the best housing markets for the next five years. Here’s a partial list:

Ocala, Florida

• Expected annual growth from 2011 – 2016: 8.2 percent
• Home prices in Ocala have tanked 49.1 percent since they peaked in Q3 2006.
• Median home price is $93,000.

Eugene-Springfield, Oregon

• Expected annual growth from 2011 – 2016: 8.2 percent
• Home prices in the Eugene-Springfield metro area have slipped 20.5 percent since their Q2 2007 peak. They have a significantly low median household income.

Panama City-Lynn Haven-Panama City Beach, Florida

• Expected annual growth from 2011 – 2016: 8.2 percent
• Median home price is $138,000, and its home prices are 42.2 percent off their Q1 2006 peak.

Bakersfield-Delano, California

• Expected annual growth from 2011 – 2016: 8.3 percent
• Bakersfield’s home prices have fallen 58.5 percent since they peaked in Q2 2006. The median home price is $125,000.

Mountain Vernon-Anacortes, Washington

• Expected annual growth from 2011 – 2016: 8.3 percent
• Home prices have fallen 23.6 percent in the Mt. Vernon-Anacortes metro area since their peak in Q4 2007.

Sebastian-Vero Beach, Florida

• Expected annual growth from 2011 – 2016: 8.7 percent
• The Sebastian-Vero Beach metro area has a median home price of $137,000, and home prices have declined 53.1 percent since their Q4 2005 peak.

Tucson, Arizona

• Expected growth from 2011 – 2016: 9 percent
• Tucson’s home prices have plummeted 45.1 percent since their peak in Q1 2006. The median price of a Tucson home is $139,000.

To read the rest of the list and find out all the details, go here.

Did you predict the markets mentioned in the article? Do you think they left any out?