2 of 10
Rent as % of after tax mortgage payment: 137.2%
Median home price change, 2006-2010: -51.3%

Orlando's mayor, Buddy Dyer, has said that the delay of a new rail project that was to connect Orlando and Tampa has been a bigger blow to the already-suffering economy than many realize.

But there are some bright spots in central Florida. Following the housing market slump in Orlando during the past few years, buyers can now take advantage of bottom-level interest rates and low prices for ownership. According to a Florida Realtors report cited by the Orlando Sentinel, the home of the Magic saw a larger price decline during the past 12 months than any of Florida's other metro areas.

In addition, local papers have all reported a return in tourism, at last.

NEXT: Rochester, NY
Last updated March 29 2011: 9:31 AM ET
Housing bear David Rosenberg says that apartment REITs should continue their streak for the foreseeable future. More
From energy savings to college costs, Americans are getting a lot of breaks from Uncle Sam during this tax season. But get them while they last -- the good times are about to end. More
Houses look more affordable than ever. But prices will have to fall further before many Americans can actually afford to buy one. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.