Portland, Ore.

Portland_undervalued
  • Median home price difference: (2007-2015) +5.78%

"If a town is hot enough to have a show about it, it's really on the rise," said Paine. The median home price is up 32% in four years, the report found.

First published July 24, 2015: 3:02 PM ET
West Realty Advisors is a real estate firm that invests in housing markets across the country, including some of those mentioned in this study. The firm analyzed pre-recession median home prices to current ones for the list using data from Zillow, CoreLogic and RealtyTrac.

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