50 Worst Housing Markets in the US for Growth

Whether you’re planning to sell or refinance, ensure you’re paying the correct amount in property taxes and insurance, or just wanting to keep tabs on market trends, it’s important to understand your home’s value.

Many American cities have seen that value decrease over the last year or two — some substantially.

Find Out: How Much House Does $300K, $400K and $500K Buy You in Every State?

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To determine the current “worst” U.S. housing markets, GOBankingRates analyzed Zillow’s May 2025 data. Cities in the 250 largest Metro Statistical Areas (MSAs) were ranked based on a blend of year-over-year and two-year changes in home value (percentage and dollar value), mean days from listing to pending, mean list-to-sale ratio, mean days from pending to close, share of listings with a price cut, and mean price cut. We’ve included the full methodology at the end of this story.

Here are some key findings, based on this analysis:

• The city of Punta Gorda — located in southwest Florida about 110 miles from Tampa — has the country’s worst housing market.

• Punta Gorda saw the largest year-over-year decrease in home value based on percentage (-10.05%). It was followed by Cape Coral, Florida (-8.19%), and Northport, Florida (-7.49%).

• Punta Gorda also showed the largest two-year value loss by far, with homes shedding more than 12% of their value between May 2023 and May 2025.

• Several larger cities — Austin, Tampa and New Orleans — are among the top 10 worst markets.

• Many of the cities in the list actually showed strong overall growth between May 2023 and May 2025, before hitting a slowdown in the past year.

Here’s the full 50-city list.

Also see housing markets that will skyrocket by the end of the year.

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50. Tyler, Texas

• May 2025 average home value: $275,275

• 1-year change in home value: 0.50%

• 2-year change in home value: 2.97%

Check Out: The Living Wage a Family of Four Needs in All 50 States

Also See: How Much You Need To Earn To Be Upper Middle Class in Every State

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49. Birmingham, Alabama

• May 2025 average home value: $259,162

• 1-year change in home value: -0.25%

• 2-year change in home value: 0.37%

See More: 25 Places To Buy a Home If You Want It To Gain Value

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48. Charleston, West Virginia

• May 2025 average home value: $146,416

• 1-year change in home value: 3.34%

• 2-year change in home value: 8.95%

Ken Wolter / Shutterstock.com

47. Santa Cruz, California

• May 2025 average home value: $1,204,009

• 1-year change in home value: -2.04%

• 2-year change in home value: 2.74%

MARELBU / Wikimedia Commons CC-BY-SA 3

46. Chico, California

• May 2025 average home value: $403,905

• 1-year change in home value: -0.17%

• 2-year change in home value: -0.82%

Story Continues Sean Pavone / Shutterstock.com

45. Mobile, Alabama

• May 2025 average home value: $196,168

• 1-year change in home value: 0.19%

• 2-year change in home value: 4.61%

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44. Tallahassee, Florida

• May 2025 average home value: $292,884

• 1-year change in home value: -1.09%

• 2-year change in home value: 3.85%

Discover More: 4 Housing Markets That Have Plummeted in Value Over the Past 5 Years

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43. Memphis, Tennessee

• May 2025 average home value: $245,756

• 1-year change in home value: -0.61%

• 2-year change in home value: 1.18%

DenisTangneyJr / Getty Images/iStockphoto

42. Monroe, Louisiana

• May 2025 average home value: $161,148

• 1-year change in home value: 0.11%

• 2-year change in home value: 0.90%

DenisTangneyJr / Getty Images/iStockphoto

41. Abilene, Texas

• May 2025 average home value: $200,285

• 1-year change in home value: -0.65%

• 2-year change in home value: 1.90%

DenisTangneyJr / Getty Images/iStockphoto

40. Brownsville, Texas

• May 2025 average home value: $195,609

• 1-year change in home value: -0.10%

• 2-year change in home value: 3.15%

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39. Denver

• May 2025 average home value: $617,695

• 1-year change in home value: -1.64%

• 2-year change in home value: 0.76%

Explore More: The Cheapest Place To Buy a Home in Every State

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38. Jackson, Tennessee

• May 2025 average home value: $206,888

• 1-year change in home value: 0.58%

• 2-year change in home value: 3.87%

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37. Gainesville, Florida

• May 2025 average home value: $320,636

• 1-year change in home value: -1.17%

• 2-year change in home value: 3.33%

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36. Macon, Georgia

• May 2025 average home value: $194,903

• 1-year change in home value: -0.02%

• 2-year change in home value: 5.12%

DenisTangneyJr / Getty Images/iStockphoto

35. Lake Havasu City, Arizona

• May 2025 average home value: $357,885

• 1-year change in home value: -0.89%

• 2-year change in home value: 0.96%

DenisTangneyJr / Getty Images/iStockphoto

34. Tucson, Arizona

• May 2025 average home value: $361,756

• 1-year change in home value: -1.75%

• 2-year change in home value: 2.40%

See More: 5 Cities Where Homes Will Be a Total Steal in 2 Years

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33. Atlanta

• May 2025 average home value: $395,784

• 1-year change in home value: -2.03%

• 2-year change in home value: 2.34%

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32. Killeen, Texas

• May 2025 average home value: $254,036

• 1-year change in home value: -2.32%

• 2-year change in home value: -3.18%

DenisTangneyJr / Getty Images

31. Lubbock, Texas

• May 2025 average home value: $208,038

• 1-year change in home value: -2.84%

• 2-year change in home value: -2.42%

wbritten / Getty Images/iStockphoto

30. Myrtle Beach, South Carolina

• May 2025 average home value: $365,957

• 1-year change in home value: -1.40%

• 2-year change in home value: 0.78%

TrongNguyen / Getty Images/iStockphoto

29. Waco, Texas

• May 2025 average home value: $256,616

• 1-year change in home value: -1.48%

• 2-year change in home value: -0.20%

Find Out: 20 Best Cities Where You Can Buy a House for Under $100K

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28. Beaumont, Texas

• May 2025 average home value: $175,211

• 1-year change in home value: 0.48%

• 2-year change in home value: -1.11%

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27. Hilo, Hawaii

• May 2025 average home value: $565,729

• 1-year change in home value: -0.96%

• 2-year change in home value: 0.54%

©Zillow

26. Orlando, Florida

• May 2025 average home value: $409,504

• 1-year change in home value: -2.50%

• 2-year change in home value: 1.11%

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25. Houston

• May 2025 average home value: $318,323

• 1-year change in home value: -1.28%

• 2-year change in home value: 0.44%

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24. Panama City, Florida

• May 2025 average home value: $328,932

• 1-year change in home value: -2.40%

• 2-year change in home value: -1.09%

Read More: Here’s the Line Between Middle Class and Upper-Middle Class in Every State

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23. Pensacola, Florida

• May 2025 average home value: $300,927

• 1-year change in home value: -2.26%

• 2-year change in home value: -0.33%

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22. Miami

• May 2025 average home value: $571,719

• 1-year change in home value: -1.10%

• 2-year change in home value: 7.09%

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21. Lafayette, Louisiana

• May 2025 average home value: $198,154

• 1-year change in home value: -2.81%

• 2-year change in home value: -4.38%

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20. Phoenix

• May 2025 average home value: $466,712

• 1-year change in home value: -2.77%

• 2-year change in home value: 1.62%

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19. Jacksonville, Florida

• May 2025 average home value: $365,803

• 1-year change in home value: -2.33%

• 2-year change in home value: -0.79%

Check Out: How Much Money Is Needed To Be Considered Middle Class in Every State?

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18. Crestview, Florida

• May 2025 average home value: $411,945

• 1-year change in home value: -2.98%

• 2-year change in home value: -2.33%

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17. Dallas

• May 2025 average home value: $380,068

• 1-year change in home value: -2.82%

• 2-year change in home value: -1.37%

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16. Corpus Christi, Texas

• May 2025 average home value: $219,045

• 1-year change in home value: -2.33%

• 2-year change in home value: -1.59%

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15. Lakeland, Florida

• May 2025 average home value: $308,714

• 1-year change in home value: -3.59%

• 2-year change in home value: -1.87%

MichaelWarrenPix / Getty Images/iStockphoto

14. Ocala, Florida

• May 2025 average home value: $281,989

• 1-year change in home value: -2.34%

• 2-year change in home value: -1.80%

See More: Here’s the Cost of Living in Every State

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13. San Antonio, Texas

• May 2025 average home value: $287,611

• 1-year change in home value: -3.07%

• 2-year change in home value: -5.00%

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12. Palm Bay, Florida

• May 2025 average home value: $359,107

• 1-year change in home value: -3.58%

• 2-year change in home value: -1.32%

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11. Lake Charles, Louisiana

• May 2025 average home value: $196,047

• 1-year change in home value: -1.93%

• 2-year change in home value: -6.91%

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10. Houma, Louisiana

• May 2025 average home value: $187,393

• 1-year change in home value: -5.01%

• 2-year change in home value: -2.18%

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9. Port St. Lucie, Florida

• May 2025 average home value: $405,319

• 1-year change in home value: -3.52%

• 2-year change in home value: -0.56%

Also Find: The Cheapest Place To Buy a Home in Every State

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8. Deltona, Florida

• May 2025 average home value: $338,186

• 1-year change in home value: -3.80%

• 2-year change in home value: -2.20%

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7. New Orleans

• May 2025 average home value: $254,505

• 1-year change in home value: -2.23%

• 2-year change in home value: -9.01%

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6. Tampa, Florida

• May 2025 average home value: $383,706

• 1-year change in home value: -4.46%

• 2-year change in home value: -1.03%

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5. Austin, Texas

• May 2025 average home value: $458,253

• 1-year change in home value: -4.99%

• 2-year change in home value: -8.72%

Learn More: Here’s How Much You Need To Earn To Be ‘Rich’ in Every State

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4. Naples, Florida

• May 2025 average home value: $700,334

• 1-year change in home value: -6.62%

• 2-year change in home value: -2.58%

Khairil Azhar Junos / Shutterstock.com

3. Cape Coral, Florida

• May 2025 average home value: $374,134

• 1-year change in home value: -8.19%

• 2-year change in home value: -8.82%

PCHS-NJROTC / Wikimedia Commons

2. North Port, Florida

• May 2025 average home value: $439,876

• 1-year change in home value: -7.49%

• 2-year change in home value: -7.90%

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1. Punta Gorda, Florida

• May 2025 average home value: $331,375

• 1-year change in home value: -10.05%

• 2-year change in home value: -12.29%

Methodology: For this piece, GOBankingRates looked at the Real Estate market’s 250 largest Metro Statistical Areas (MSAs) and sourced the following ten factors: (1) 1-year percent change in home value; (2) 1-year change in home value in USD; (3) 2-year percent change in home value; (4) 2-year change in home value in USD; (5) for-sale inventory; (6) mean days from listing to pending; (7) mean list-to-sale ratio; (8) mean days from pending to close; (9) share of listings with a price cut; and (10) mean price cut. All data was sourced from Zillow’s May 2025 data. All 10 factors were scored and combined, with the highest scores determining the worst housing markets. Numbers for (1), (2), (9), and (10) were weighted 2x, and factor (5) was weighted 0.5x. All data was collected on and is up to date as of June 16, 2025.

This article originally appeared on GOBankingRates.com: 50 Worst Housing Markets in the US for Growth