2 of 8
BACKNEXT
Williamsport, Pa.
Williamsport, Pa.
Big home, big lot, but it comes at a modest price in Williamsport, Pa. -- $336,000.
Population 2010: 30,496
Drop since 2000: 4.6%

For much of its history, Williamsport produced a wide variety of manufactured goods, like sewing machines, bicycles and automobile engines. One plant still manufactures airplane engines, and Shop-Vac vacuums are made here. As manufacturing became more automated, fewer factory jobs were available and the town population declined.

It's going through a renaissance, however, according to Bill Hodrick of Prudential Hodrick Realty, fueled by natural gas development. Williamsport is right in the Marcellus Shale formation, a huge reservoir of the fuel that's starting to be tapped.

Williamsport is most famous for being the home of the Little League World Series. It's an appropriate location to host an event that's American as apple pie even though it attracts teams from all over the world. "That's the core of our family culture," said Hodrick.

The city's previous prosperity has left a legacy of beautiful old homes, pushed lower in price in part by the drop in population. Beautiful 4,000 square foot homes on two acres can be had for less than a half million dollars. Well kept homes in the historical district are even better buys.

Hodrick said there has been "upward pressure on prices" as the power companies have moved in to develop the gas fields.

For further information: Trulia



NEXT: St. Petersburg, Fla.
Last updated April 21 2011: 10:53 AM ET
6 cities slashing home prices Homes in these six cities had the steepest price drops of anywhere in the nation during the past six months. Here are a few of the deals you can find. More
Summer dreams: 8 great vacation homesOne bright side of the housing bust: Prices for vacation homes are down! So with summer coming, it's time to start dreaming. 8 deals from around the country. More
Million dollar homes, massive discounts They are the most affordable they've been in years. Here are 7 smoking deals from around the country. More
  • Find Homes for sale
    Real estate and homes for sale on Trulia

  • Property Type
  • Find a home in:
  • New York | Atlanta | Chicago | Los Angeles
  • Washington D.C | Houston | Philadelphia | More options
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.19%4.27%
15 yr fixed3.27%3.27%
5/1 ARM3.36%3.35%
30 yr refi4.17%4.23%
15 yr refi3.25%3.25%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.