Rhode Island

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Rhode Island

Metro: Providence-New Bedford-Fall River (R.I.-Mass.)
What a Home Will Be Worth in 2012: $207,742
Q4 2008 price: $240,000
Projected price change by MSA: -13.4%
Projected price change by state: -13.4%

Rhode Island may be the smallest state in the Union but its unemployment woes, which hit double digits in April, are huge. That means that housing prices, which dropped more than 9% in 2008, are expected to worsen in 2009, and predicted to be the worst one-year price drop since 1981.