Real Estate

Claremont, Calif.

Annual home price performance: Outperformed
Local home price change: –2%
State home price change: –9%
2007 local median home price: $567,750
2007 state median home price: $420,000

Located about 30 miles east of downtown Los Angeles, Claremont is known as the city of "trees and PhDs." About one square mile of the town is taken up by the Claremont Colleges, a consortium of five undergraduate and two graduate schools.