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Florida

Florida

Worst: Lehigh Acres
2008 price change: -27.15%
Five-year price change: 6.82%
Median home value: $126,405
Population: 33,142

Lehigh Acres was formerly home to the Lucky Lee Ranch and is the first retirement community built in the Sunshine state. Currently, canal-backed houses share space with great restaurants and a golf resort.

Best: Hallandale (pictured)
2008 price change: 8.18%
Five-year price change: N/A
Median home value: $181,156
Population: 34,551

This city is part of the South Florida metropolitan area and is well known as the home of the Gulfstream Park horse racing track, which hosts the Florida Derby. Hallandale also enjoys a reasonably big financial district with several banks and brokerage houses.