Memphis

Memphis_undervalued
  • Median home price difference: (2007-2015) -25.55%

The town might be known for its music and barbecue, but its real estate market might soon be something to write home about.

"It has one of the greatest opportunities for mom and pop real estate investors to invest in," said Paine.

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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