Source: SeanPavonePhoto / Getty Images
5. Clay. Clay, Florida
> Location: Jacksonville, FL metropolitan area
> Median home sale price: $250,000 ( +18.5 1-yr. increase)
> Typical homeownership costs as a share of median income: 31%
> Homes with underwater mortgages: 7,997 (16.6% of homes w/ loans)
> Homes with foreclosure filings: 57
Source: RobHainer / Getty Images
4. Bay. Bay, Florida
> Location: Panama City, FL metropolitan area
> Median home sale price: $262,213 ( +14.0 1-yr. increase)
> Typical homeownership costs as a share of median income: 28.9%
> Homes with underwater mortgages: 10,407 (22.9% of homes w/ loans)
> Homes with foreclosure filings: 55
Source: stevegeer / iStock via Getty Images
3. Mchenry. Mchenry, Illinois
> Location: Chicago-Naperville-Elgin, IL-IN-WI metropolitan area
> Median home sale price: $235,506 ( +9.8 1-yr. increase)
> Typical homeownership costs as a share of median income: 33.7%
> Homes with underwater mortgages: 16,493 (18.6% of homes w/ loans)
> Homes with foreclosure filings: 70
Source: AUDREY SCRIPP / iStock via Getty Images
2. Atlantic. Atlantic, New Jersey
> Location: Atlantic City-Hammonton, NJ metropolitan area
> Median home sale price: $244,500 ( +40.5 1-yr. increase)
> Typical homeownership costs as a share of median income: 31.7%
> Homes with underwater mortgages: 17,354 (24.4% of homes w/ loans)
> Homes with foreclosure filings: 89
1. Sussex. Sussex, New Jersey
> Location: New York-Newark-Jersey City, NY-NJ-PA metropolitan area
> Median home sale price: $293,545 ( +30.5 1-yr. increase)
> Typical homeownership costs as a share of median income: 40.6%
> Homes with underwater mortgages: 7,646 (18.3% of homes w/ loans)
> Homes with foreclosure filings: 45
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