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24/7 Wall St.: The 10 States with the Strongest Housing Markets

2. Idaho

1 yr. home price change: +10%
Median home price: $85,000
Unemployment rate: 7.5% (25th lowest)

Idaho is one of only seven states with a median home price below $100,000. Unlike Montana, North Dakota and South Dakota to the east of it, Idaho did suffer from an unemployment problem. At 7.5%, the jobless rate is not terribly better than the national average. This may have contributed to the drop in Idaho home prices, which fell 29.6% from the first quarter of 2007 to the first quarter of this year. The home price recovery is expected to be stronger than almost any other state, a continuation of the 10% improvement over the past year. For the period from the first quarter 2013 to the first quarter 2014, home prices are expected to rise 8.8% — the highest in the nation. For the five-year period that began in the first quarter of this year, the per annum improvement is expected to be 4.8%, which rates Idaho eighth by that measurement.

(iStock Photo)

More From 24/7 Wall St.:
America’s 10 Disappearing Jobs
Cities with the Most Homes in Foreclosure
American Cities Adding the Most Jobs

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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