Median Home Price: $134,200
Decline Since 2006 Peak: -31%
Florida was one of the hardest hit real-estate markets and it shows: Five of the top 10 cities on this list are in Florida.
Coming in at No. 10 is Jacksonville. The median home price here has dropped 31 percent from its peak of $194,000 in the second quarter of 2006. There are currently about 10,000 resale or new homes on the market here, plus 8,000 foreclosures, according to Trulia.
Jacksonville is the largest city in Florida, both by population and by area. It’s located in the northeast corner of the state, so it offers relaxation with 20 miles of wide, sandy beaches along the coast, plus all the perks of a big city — great dining, shopping and nightlife. Several festivals are held here annually, including a jazz festival in April and film festival in May. The weather here is mild, with high temperatures between 64 to 91 degrees Fahrenheit throughout the year.