Washington, D.C.
Median price: $306,000
Foreclosure rate: 4.42%
There're few sweeter employment spots in the present economy than Washington, D.C., which has prospered with thanks to a growing population and the most highly educated work force in the nation.
The boom did send housing markets on an unsustainable path, however. By late 2006, the median home price in the D.C. metro area had surpassed $400,000. They've since come back to Earth, losing about 25% of their value.
This mini boom/bust was nowhere near as extreme as in the true bubble markets, but it did put pressure on many mortgage borrowers. A good many are now underwater, which has contributed to a moderately high rate of foreclosures. One household in every 49 received a foreclosure filing in 2010, putting D.C. near the national average.
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Last updated January 27 2011: 6:31 PM ET
