Nine Cities With Falling House Prices

June 21, 2017

House prices are on the rise throughout the country, but not every city is booming.

GOBankingRates surveyed the 250 largest U.S. cities and found nine where the median list price dropped over the last year.

The majority of the cities are in the South, primarily in Texas. The median home price in Sugar Land, Texas, fell $15,995 year-over-year as of April 2017, from $415,495 last year to $399,500 this year.

The Houston suburb had the steepest drop, and Houston itself had the fourth-highest decline ($10,900). Other cities on the list include Miami, Montgomery, Ala., and McAllen, Texas.

The housing market and economy in general of McAllen are closely tied to the border economy, as the city sits across the Rio Grande from Mexico. … Out of the top 100 largest cities in the U.S., McAllen ranks among the most affordable, so your paycheck will stretch further.

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