No. 25 Best Housing Market: East Lansing, Mich.

Percent change:* +7.9
MSA:** Lansing
Population: 48,579***

College town East Lansing, home to Michigan State University, relies heavily on the education industry, the city's largest employer. The unemployment rate in August, 10.3 percent, was below its 11.8 percent in February 2009, according to the U.S. Bureau of Labor Statistics. The Zillow Home Value Index shows that the city's median home value was $155,500 in August and the median sale price was $167,500 as of June 30.

* Period for all slides is from February 2009 to August 2011.
** MSA is an abbreviation for the metropolitan statistical area (or metro area) in which the city is located.
*** Population data for all slides are from 2010 U.S. Census.


Home value change data on all slides are from Zillow.com

Photographer: Suzanne Tucker/Getty Images
 
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