No. 20 Best Housing Market: Penn Hills, Pa.

Percent change: +8.6
MSA: Pittsburgh
Population: 42,329

A suburb about 10 miles from Pittsburgh, Penn Hills saw its population decrease by about 10 percent from 2000 to 2010. News site Yourpennhills.com reported that the decline may be due to the weak economy as well as the city's aging population—nearly one-fifth of residents were over age 65 in 2000, compared with a U.S. rate of 12.4 percent, according to U.S. Census data—and local lenders remain optimistic about potential growth. The median home value in the city was $84,400 in August, according to the Zillow Home Value Index, and the median sale price was $75,300 as of Aug. 31.

Photographer: Getty Images
 
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