Most and least overvalued
National City surveyed the largest 317 U.S. real estate markets. It determined what home prices should be, controlling for differences in population density, relative income levels, interest rates, and historical market premiums or discounts.
City % over-/under-valued City % over-/under-valued
Abilene, TX -9%
Akron, OH -2%
Albany, GA -3%
Albany, NY 19%
Albuquerque, NM 8%
Alexandria, LA -6%
Allentown, PA-NJ 18%
Amarillo, TX -3%
Anchorage, AK 22%
Anderson, IN -2%
Anderson, SC 3%
Ann Arbor, MI 13%
Appleton, WI 0%
Asheville, NC 32%
Athens, GA 1%
Atlanta, GA 1%
Atlantic City, NJ 64%
Augusta, GA-SC 1%
Austin, TX -7%
Bakersfield, CA 62%
Baltimore, MD 32%
Barnstable, MA 43%
Baton Rouge, LA 3%
Battle Creek, MI 19%
Bay City, MI 23%
Beaumont, TX -7%
Bellingham, WA 51%
Bend, OR 76%
Bethesda, MD 33%
Billings, MT 8%
Binghamton, NY 4%
Birmingham, AL -5%
Bismarck ND 2%
Blacksburg, VA 3%
Bloomington, IN 0%
Bloomington-Normal, IL 0%
Boise City, ID 29%
Boston-Quincy, MA 11%
Boulder, CO 16%
Bowling Green, KY -3%
Bremerton, WA 32%
Bridgeport, CT 10%
Brunswick, GA 16%
Buffalo, NY -6%
Burlington, NC 0%
Burlington, VT 19%
Cambridge-Framingham, MA 4%
Camden, NJ 24%
Canton, OH 6%
Cape Coral-Fort Myers, FL 63%
Carson City, NV 46%
Casper, WY 29%
Cedar Rapids, IA -2%
Champaign, IL 11%
Charleston, SC 31%
Charleston, WV -8%
Charlotte, NC-SC -5%
Charlottesville, VA 29%
Chattanooga, TN-GA 4%
Cheyenne, WY 1%
Chicago, IL 20%
Chico, CA 61%
Cincinnati, OH-KY-IN -3%
Cleveland, OH 3%
College Station-Bryan, TX -24%
Colorado Springs, CO 6%
Columbia, MO -6%
Columbia, SC 0%
Columbus, GA-AL -2%
Columbus, IN -3%
Columbus, OH 0%
Corpus Christi, TX -8%
Corvallis, OR 16%
Dallas, TX -19%
Dalton, GA 2%
Davenport-Moline, IA-IL 3%
Dayton, OH -2%
Decatur, AL -10%
Decatur, IL -6%
Deltona-Daytona Beach, FL 54%
Denver, CO 6%
Des Moines, IA -1%
Detroit, MI 28%
Dover, DE 26%
Dubuque, IA 6%
Duluth, MN-WI 27%
Durham, NC 2%
Eau Claire, WI 15%
Edison, NJ 33%
El Paso, TX -13%
Elkhart, IN -8%
Erie, PA 0%
Essex County, MA 24%
Eugene, OR 42%
Evansville, IN-KY -5%
Fairbanks, AK 11%
Fargo, ND-MN -1%
Farmington, NM 22%
Fayetteville, AR-MO 8%
Flagstaff, AZ 42%
Flint, MI 21%
Florence, SC -5%
Fond du Lac, WI 9%
Fort Collins, CO 10%
Fort Lauderdale, FL 57%
Fort Smith, AR-OK -7%
Fort Walton Beach, FL 39%
Fort Wayne, IN -6%
Fort Worth, TX -18%
Fresno, CA 64%
Gainesville, FL 27%
Gainesville, GA 7%
Gary, IN 5%
Grand Junction, CO 28%
Grand Rapids, MI 5%
Greeley, CO 21%
Green Bay, WI 6%
Greensboro-High Point, NC 1%
Greenville, NC -3%
Greenville, SC -3%
Gulfport-Biloxi, MS 34%
Hanford, CA 39%
Harrisburg, PA 3%
Harrisonburg, VA 22%
Hartford, CT 5%
Hattiesburg, MS 3%
Hickory, NC 8%
Holland, MI 12%
Honolulu, HI 39%
Houma, LA -5%
Houston, TX -16%
Huntsville, AL -10%
Idaho Falls, ID 3%
Indianapolis, IN -9%
Iowa City, IA -3%
Ithaca, NY 12%
Jackson, MI 20%
Jackson, MS -4%
Jacksonville, FL 31%
Janesville, WI 20%
Jefferson City, MO -4%
Joplin, MO 2%
Kalamazoo, MI 11%
Kankakee, IL 15%
Kansas City, MO-KS 1%
Kennewick, WA 9%
Killeen, TX -15%
Kingston, NY 46%
Knoxville, TN 5%
Kokomo, IN 8%
La Crosse, WI-MN 14%
Lafayette, IN -11%
Lafayette, LA 0%
Lake-Kenosha, IL-WI 10%
Lakeland, FL 37%
Lancaster, PA 13%
Lansing, MI 15%
Las Cruces, NM 5%
Las Vegas, NV 42%
Lawrence, KS -2%
Lebanon, PA 2%
Lexington, KY 2%
Lima, OH 8%
Lincoln, NE -5%
Little Rock, AR -5%
Logan, UT-ID 3%
Longview, TX -12%
Longview, WA 36%
Los Angeles, CA 61%
Louisville, KY-IN 2%
Lubbock, TX -9%
Lynchburg, VA 8%
Macon, GA -7%
Madera, CA 72%
Madison, WI 11%
Manchester-Nashua, NH 21%
Mansfield, OH 11%
McAllen, TX -13%
Medford, OR 66%
Memphis, TN-MS-AR -10%
Merced, CA 77%
Miami, FL 64%
Michigan City, IN 11%
Midland, TX -14%
Milwaukee, WI 16%
Minneapolis-St. Paul, MN-WI 21%
Mobile, AL 3%
Modesto, CA 69%
Monroe, LA -11%
Monroe, MI 21%
Montgomery, AL -10%
Mount Vernon, WA 45%
Muskegon, MI 10%
Myrtle Beach, SC 25%
Napa, CA 65%
Naples, FL 103%
Nashville, TN 0%
Nassau-Suffolk, NY 44%
New Haven, CT 14%
New Orleans, LA -12%
New York-White Plains, NY-NJ 26%
Newark, NJ-PA 27%
Niles-Benton Harbor, MI 15%
Norwich-New London, CT 17%
Oakland, CA 47%
Ocala, FL 47%
Ocean City, NJ 55%
Odessa, TX -12%
Ogden, UT 1%
Oklahoma City, OK -7%
Olympia, WA 39%
Omaha, NE-IA -5%
Orlando, FL 40%
Oshkosh, WI 0%
Owensboro, KY -7%
Oxnard-Ventura, CA 53%
Palm Bay-Melbourne, FL 54%
Panama City, FL 50%
Pensacola, FL 30%
Peoria, IL 3%
Philadelphia, PA 17%
Phoenix, AZ 43%
Pittsburgh, PA -3%
Pittsfield, MA 20%
Port St. Lucie-Fort Pierce, FL 77%
Portland, ME 27%
Portland, OR-WA 41%
Poughkeepsie-Newburgh, NY 41%
Prescott, AZ 59%
Providence-New Bedford, RI-MA 32%
Provo, UT 12%
Pueblo, CO 3%
Punta Gorda, FL 73%
Racine, WI 16%
Raleigh-Cary, NC 0%
Reading, PA 14%
Redding, CA 68%
Reno, NV 49%
Richmond, VA 17%
Riverside-San Bernardino, CA 69%
Roanoke, VA 8%
Rochester, MN 0%
Rochester, NY -9%
Rockford, IL 15%
Rockingham-Strafford, NH 20%
Rocky Mount, NC -7%
Sacramento, CA 54%
Saginaw, MI 15%
Salem, OR 27%
Salinas, CA 79%
Salt Lake City, UT 8%
San Angelo, TX -7%
San Antonio, TX -11%
San Diego, CA 39%
San Francisco, CA 41%
San Jose, CA 44%
San Luis Obispo, CA 57%
Sandusky, OH -1%
Santa Ana-Anaheim, CA 43%
Santa Barbara, CA 73%
Santa Cruz, CA 54%
Santa Fe, NM 22%
Santa Rosa, CA 52%
Sarasota, FL 64%
Savannah, GA 22%
Scranton, PA 4%
Seattle, WA 34%
Sheboygan, WI 5%
Sherman, TX -4%
Shreveport, LA -13%
Sioux Falls, SD -3%
South Bend, IN-MI -4%
Spartanburg, SC -1%
Spokane, WA 23%
Springfield, IL -1%
Springfield, MA 20%
Springfield, MO -5%
Springfield, OH 5%
St. Cloud, MN 19%
St. George, UT 52%
St. Joseph, MO-KS 2%
St. Louis, MO-IL 9%
Stockton, CA 75%
Syracuse, NY -2%
Tacoma, WA 32%
Tallahassee, FL 23%
Tampa-St. Petersburg, FL 36%
Toledo, OH 9%
Topeka, KS -1%
Trenton, NJ 15%
Tucson, AZ 36%
Tulsa, OK -10%
Tyler, TX -9%
Utica, NY 4%
Vallejo, CA 57%
Vero Beach, FL 57%
Vineland, NJ 30%
Virginia Beach-Norfolk, VA-NC 27%
Visalia, CA 50%
Waco, TX -8%
Warner Robins, GA -7%
Warren, MI 11%
Washington, DC-VA-MD-WV 38%
Waterloo, IA 8%
Wausau, WI 0%
Wenatchee, WA 18%
West Palm Beach, FL 66%
Wichita Falls, TX -10%
Wichita, KS -12%
Wilmington, DE-MD-NJ 22%
Wilmington, NC 37%
Winston-Salem, NC 3%
Worcester, MA 28%
Yakima, WA 8%
York, PA 24%
Youngstown, OH-PA 7%
Yuba City, CA 68%