Median Home Price: $150,000
Decline Since 2006 Peak: -46%
Coming in at No. 4 is the Vegas of the east — Atlantic City, N.J. The median home price here has dropped 46 percent from its peak of $280,000 in the second quarter of 2006. There are 705 homes on the market and more than 250 foreclosures, according to Trulia.
Atlantic City actually goes one better than Vegas, offering beaches and its famous boardwalk in addition to its casinos. If you’re not willing to roll the dice, there’s a ton more to do, including golf and parasailing. Plus, a ton of shopping and two words: saltwater taffy.