3. Anaheim, Calif.
Anaheim, Calif.
A 3,000 square-foot, modern house in the Anaheim Hills for $599,900
Median home price: $511,800

Before Disneyland was built here in 1955, Anaheim was a sleepy farming community of fewer than 15,000 residents. Orange groves gave way to tourism and real estate developers soon followed. Land in the swiftly growing Los Angeles-Orange County megalopolis became much more valuable as building sites than as farmland.

Then came the housing bubble -- and real estate speculation drove prices into the stratosphere.

Anaheim's housing bubble inevitably burst and home prices fell some 40%. Prices have since stabilized. Yet despite the precipitous drop, median home prices are still lofty enough to rank the market as the third most expensive in the nation.


Median home price data is for the first three months of 2011 and was compiled by the National Association of Realtors.
Last updated June 15 2011: 9:34 AM ET
Join the Conversation

If you're hunting for a real estate bargain, look no further: Here are 10 cities where the typical home costs less than $82,000 More

The former first family of Alaska recently bought a home in Scottsdale, Ariz. for $1.695 million. More

Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. 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.