Oregon

Worst: Bend
2008 price change: -15.48%
Five-year price change: 6.73%
Median home value: $289,586
Population: 71,892

Bend experienced major growth and investment during the housing boom, but now the town, known for its access to snowboarding and skiing mountains, is feeling the crunch.

Best: Corvallis (pictured)
2008 price change: -0.61%
Five-year price change: 7.59%
Median home value: $265,388
Population: 49,807

Corvallis is located in central western Oregon and is a two-hour drive from the state's most-populous city, Portland. It is also the home of Oregon State University.