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
Most Popular

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.