Investor dashboards · June 2026 data
Undervalued and overvalued housing markets
Each of 373 covered metros scored on two percentiles — deviation from its own 2000–2019 house-price trend, and median list price versus local household income — then averaged. The extremes on both ends, with the exact formula below the lists.
Most undervalued — priced below their own history and incomes
1
Lake Charles, LA
$238,700 median list · -0.2% YoY · composite value blend 96/100
-5%
vs own 2000–19 trend
3.6×
Price-to-income
93
Value subscore
2
Enid, OK
$213,675 median list · +6.4% YoY · composite value blend 96/100
+9%
vs own 2000–19 trend
3.2×
Price-to-income
94
Value subscore
3
Altoona, PA
$169,950 median list · +8.8% YoY · composite value blend 96/100
+19%
vs own 2000–19 trend
2.8×
Price-to-income
95
Value subscore
4
Houma, LA
$245,000 median list · +11.3% YoY · composite value blend 94/100
-6%
vs own 2000–19 trend
3.8×
Price-to-income
91
Value subscore
5
Wheeling, WV
$178,950 median list · -0.5% YoY · composite value blend 93/100
+25%
vs own 2000–19 trend
3.0×
Price-to-income
92
Value subscore
6
Elmira, NY
$163,675 median list · +35.5% YoY · composite value blend 91/100
+31%
vs own 2000–19 trend
2.6×
Price-to-income
91
Value subscore
7
Williamsport, PA
$239,900 median list · +2.1% YoY · composite value blend 91/100
+20%
vs own 2000–19 trend
3.7×
Price-to-income
88
Value subscore
8
Beckley, WV
$182,450 median list · -6.4% YoY · composite value blend 91/100
+28%
vs own 2000–19 trend
3.5×
Price-to-income
88
Value subscore
9
Odessa, TX
$295,225 median list · -7.7% YoY · composite value blend 91/100
-14%
vs own 2000–19 trend
4.2×
Price-to-income
87
Value subscore
10
Charleston, WV
$170,863 median list · -1.1% YoY · composite value blend 91/100
+31%
vs own 2000–19 trend
2.9×
Price-to-income
89
Value subscore
11
Watertown, NY
$269,900 median list · -6.2% YoY · composite value blend 90/100
+2%
vs own 2000–19 trend
4.2×
Price-to-income
87
Value subscore
12
Baltimore, MD
$384,750 median list · -3.8% YoY · composite value blend 90/100
+18%
vs own 2000–19 trend
4.0×
Price-to-income
87
Value subscore
13
Beaumont, TX
$242,450 median list · +3.2% YoY · composite value blend 90/100
+26%
vs own 2000–19 trend
3.7×
Price-to-income
87
Value subscore
14
Alexandria, LA
$232,500 median list · -4.6% YoY · composite value blend 90/100
+9%
vs own 2000–19 trend
4.1×
Price-to-income
86
Value subscore
15
Huntington, WV
$209,500 median list · -3.5% YoY · composite value blend 89/100
+30%
vs own 2000–19 trend
3.6×
Price-to-income
86
Value subscore
16
Davenport, IA
$235,000 median list · -2.1% YoY · composite value blend 89/100
+32%
vs own 2000–19 trend
3.3×
Price-to-income
87
Value subscore
17
Shreveport, LA
$236,875 median list · -9.2% YoY · composite value blend 88/100
+4%
vs own 2000–19 trend
4.3×
Price-to-income
85
Value subscore
18
Lubbock, TX
$250,000 median list · -2.6% YoY · composite value blend 88/100
+22%
vs own 2000–19 trend
4.0×
Price-to-income
85
Value subscore
19
Johnstown, PA
$101,175 median list · -22.6% YoY · composite value blend 88/100
+36%
vs own 2000–19 trend
1.8×
Price-to-income
88
Value subscore
20
Springfield, IL
$247,425 median list · +5.3% YoY · composite value blend 88/100
+33%
vs own 2000–19 trend
3.3×
Price-to-income
86
Value subscore
Most overvalued — stretched furthest above trend and incomes
1
Traverse City, MI
$567,875 median list · +3.2% YoY · composite value blend 7/100
+94%
vs own 2000–19 trend
7.3×
Price-to-income
9
Value subscore
2
Athens, GA
$449,700 median list · -5.7% YoY · composite value blend 8/100
+94%
vs own 2000–19 trend
7.2×
Price-to-income
10
Value subscore
3
Morristown, TN
$459,000 median list · -5.1% YoY · composite value blend 9/100
+85%
vs own 2000–19 trend
7.9×
Price-to-income
10
Value subscore
4
Merced, CA
$453,422 median list · -0.4% YoY · composite value blend 10/100
+91%
vs own 2000–19 trend
7.0×
Price-to-income
11
Value subscore
5
Gainesville, GA
$504,963 median list · +2.0% YoY · composite value blend 10/100
+104%
vs own 2000–19 trend
6.5×
Price-to-income
11
Value subscore
6
Naples, FL
$699,000 median list · -5.2% YoY · composite value blend 11/100
+79%
vs own 2000–19 trend
8.1×
Price-to-income
12
Value subscore
7
Boise, ID
$625,000 median list · +0.0% YoY · composite value blend 11/100
+82%
vs own 2000–19 trend
7.6×
Price-to-income
12
Value subscore
8
Las Vegas, NV
$474,950 median list · -1.1% YoY · composite value blend 12/100
+101%
vs own 2000–19 trend
6.4×
Price-to-income
12
Value subscore
9
Reno, NV
$687,575 median list · +10.0% YoY · composite value blend 12/100
+76%
vs own 2000–19 trend
8.1×
Price-to-income
13
Value subscore
10
Salinas, CA
$1.24M median list · -7.5% YoY · composite value blend 13/100
+70%
vs own 2000–19 trend
13.1×
Price-to-income
14
Value subscore
11
El Centro, CA
$392,450 median list · +5.4% YoY · composite value blend 14/100
+78%
vs own 2000–19 trend
7.0×
Price-to-income
16
Value subscore
12
Carson City, NV
$557,475 median list · +8.6% YoY · composite value blend 15/100
+75%
vs own 2000–19 trend
7.8×
Price-to-income
16
Value subscore
13
Lafayette, IN
$382,975 median list · +0.8% YoY · composite value blend 17/100
+85%
vs own 2000–19 trend
6.4×
Price-to-income
17
Value subscore
14
Coeur d'Alene, ID
$794,825 median list · +6.0% YoY · composite value blend 17/100
+67%
vs own 2000–19 trend
10.3×
Price-to-income
17
Value subscore
15
Twin Falls, ID
$464,975 median list · +3.5% YoY · composite value blend 17/100
+74%
vs own 2000–19 trend
7.0×
Price-to-income
19
Value subscore
16
Port St. Lucie, FL
$432,500 median list · -2.7% YoY · composite value blend 17/100
+93%
vs own 2000–19 trend
6.0×
Price-to-income
17
Value subscore
17
St. George, UT
$626,973 median list · +0.3% YoY · composite value blend 17/100
+69%
vs own 2000–19 trend
8.2×
Price-to-income
18
Value subscore
18
Hilton Head, SC
$499,000 median list · -12.8% YoY · composite value blend 17/100
+85%
vs own 2000–19 trend
6.2×
Price-to-income
18
Value subscore
19
Knoxville, TN
$462,450 median list · +0.5% YoY · composite value blend 18/100
+76%
vs own 2000–19 trend
6.6×
Price-to-income
19
Value subscore
20
Sebastian, FL
$424,975 median list · -3.9% YoY · composite value blend 18/100
+90%
vs own 2000–19 trend
6.0×
Price-to-income
19
Value subscore
The formula, exactly
For each of the 373 metros with both a long-run house price index and a published median household income, we compute two percentile ranks and average them:
1. Trend deviation — how far the metro's latest long-run house price index sits above or below its own 2000–2019 log-linear trend. A metro 15% below its long-run trend ranks near the top; one 100% above ranks near the bottom. This self-referencing design means cheap and expensive metros are judged against their own history, not each other's price levels.
2. Price-to-income — median listing price (June 2026) ÷ the 2023 median household income. Lower multiples rank higher.
Blend = the mean of the two percentiles (0–100). It is closely related to — but simpler than — the Value subscore shown on each metro page, which our composite Investor Score weights at 20%. "Undervalued" here means statistically cheap versus its own history and local incomes; energy-belt metros (the Dakotas, West Texas) top the list precisely because their booms ended — cheapness can be earned. Cross-check momentum before reading it as a buy signal.
Based on public records and industry data, as of June 2026; refreshed as sources update. Full formulas and source limits: full methodology. Rankings and scores are data-derived opinions for research, not investment advice — verify current conditions with a local agent, lender or MLS before acting.