Jacksonville, Fla.

Jacksonville, Fla.

Rank: 7
Price/rent ratio: 5.17
Median sales price: $41,000
Median rent: $757
Vacancy: 12.7%

Pros: The city continues to attract retirees, and the job market benefits from the development of the nearby naval station. The area is also home to several universities, including Jacksonville University.
Cons: The financial sector has been hit hard in recent months and values of apartment buildings have been declining as vacancies climb.