Top 10 US cities at risk of a housing bubble

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The Health of the US Housing Market

For starters, there's some good news: The U.S. is nowhere near another housing bubble (and subsequent burst) or financial crisis (at least in the realm of the housing market).

However, this doesn't necessarily mean that there isn't any risk of inflation in housing markets in certain cities around the country.

SEE ALSO: The 13 worst US cities for first-time home buyers

It's no secret that living in a highly desirable or top-rated city these days can be extremely costly, with city names like "San Francisco" and "Manhattan" becoming nearly synonymous with "too expensive".

Jonathon Smoke, chief economist at Realtor.com, analyzed and researched 50 major housing markets in the country (using data from 2001 to 2015) to see which markets may be the most at risk of a bubble.

It's a classic case of what goes up must come down – housing prices in these cities are soaring, and eventually, they'll begin to slow down and drop (when the prices reach a level where they become so expensive they're unaffordable).

Think you can guess which cities are at risk? Here are the top 10 US cities at risk of a housing bubble:

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10 US cities at risk of a housing bubble
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10 US cities at risk of a housing bubble

#10: Portland, Oregon

Median list price: $428,600
Bubble index compared with 2001: +6%
Bubble index compared with market peak: -26%

Photo credit: Getty

#9: Charleston, South Carolina 

Median list price: $322,300
Bubble index compared with 2001: +7%
Bubble index compared with market peak: -20%

Photo credit: Getty

#8: Buffalo, New York

Median list price: $159,900
Bubble index compared with 2001: +7%
Bubble index compared with market peak: -1%

Photo credit: Getty

#7: Fresno, California

Median list price: $272,100
Bubble index compared with 2001: +9%
Bubble index compared with market peak: -31%

Photo credit: Getty

#6: Los Angeles, California

Median list price: $690,000
Bubble index compared with 2001: +10%
Bubble index compared with market peak: -35%

Photo credit: Shutterstock

#5: Dallas, Texas

Median list price: $335,000
Bubble index compared with 2001: +13%
Bubble index compared with market peak: -2%

Photo credit: Getty

#4: Salt Lake City, Utah

Median list price: $347,200
Bubble index compared with 2001: +14%
Bubble index compared with market peak: -20%

Photo credit: Getty

#3: Austin, Texas

Median list price: $400,000
Bubble index compared with 2001: +17%
Bubble index compared with market peak: -1%

Photo credit: Getty

#2: San Francisco, California 

Median list price: $855,000
Bubble index compared with 2001: +19%
Bubble index compared with market peak: -26%

Photo credit: Getty

#1: San Jose, California 

Median list price: $981,500
Bubble index compared with 2001: +19%
Bubble index compared with market peak: -18%

Photo credit: Getty

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It's no surprise that two Silicon Valley hotspots cracked the top 10, but unsuspecting that New York didn't make the cut.

Other cities, like Salt Lake City and Dallas, have very hot and up and coming markets, which factored heavily into their rankings.

Still not sold on where you want to live? Check out the top 20 safest cities in the US:

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20 safest cities in America
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20 safest cities in America

#20: Temecula, California
Population: 104,955
Median household income: $78,535
Unemployment rate: 6.9%
Poverty rate: 8.1%
Annual violent crimes per 100,000: 92.4
Annual property crimes per 100,000: 2,340.5

Photo credit: Getty

#19: Rochester, Minnesota
Population: 109,252
Median household income: $63,472
Unemployment rate: 3.5%
Poverty rate: 9.6%
Annual violent crimes per 100,000: 183.5
Annual property crimes per 100,000: 1,990

Photo credit: Getty

#18: Bellevue, Washington
Population: 132,268
Median household income: $92,524
Unemployment rate: 4.7%
Poverty rate: 8.0%
Annual violent crimes per 100,000: 106.4
Annual property crimes per 100,000: 3400.5

Photo credit: Getty

#17: Cape Coral, Florida
Population: 161,804
Median household income: $49,841
Unemployment rate: 7.8%
Poverty rate: 13.6%
Annual violent crimes per 100,000: 143.4
Annual property crimes per 100,000: 1,938.8

Photo credit: Getty

#16: Burbank, California
Population: 104,484
Median household income: $66,111
Unemployment rate: 6.1%
Poverty rate: 10.1%
Annual violent crimes per 100,000: 142.9
Annual property crimes per 100,000: 2,309.6

Photo credit: Getty

#15: Carlsbad, California 
Population: 109,296
Median household income: $87,416
Unemployment rate: 5.6%
Poverty rate: 10.4%
Annual violent crimes per 100,000: 181.7
Annual property crimes per 100,000: 1,541.5

Photo credit: Getty

#14: Plano, Texas
Population: 271,166
Median household income: $82,944
Unemployment rate: 4.2%
Poverty rate: 7.4%
Annual violent crimes per 100,000: 165.2
Annual property crimes per 100,000: 1,974.7

Photo credit: Getty

#13: Corona, California
Population: 157,395
Median household income: $77,021
Unemployment rate: 7.1%
Poverty rate: 11.3%
Annual violent crimes per 100,000: 106.1
Annual property crimes per 100,000: 2,135

Photo credit: Getty

#12: Overland Park, Kansas
Population: 178,945
Median household income: $72,231
Unemployment rate: 3.7%
Poverty rate: 6.0%
Annual violent crimes per 100,000: 178.6
Annual property crimes per 100,000: 1,656.3

Photo credit: Getty

#11: Santa Clara, California
Population: 119,525
Median household income: $93,840
Unemployment rate: 5.2%
Poverty rate: 9.0%
Annual violent crimes per 100,000: 133.8
Annual property crimes per 100,000: 2,698.3

Photo credit: Getty

#10: Torrance, California
Population: 147,181
Median household income: $78,286
Unemployment rate: 5.3%
Poverty rate: 6.9%
Annual violent crimes per 100,000: 104.8
Annual property crimes per 100,000: 1,772.6

Photo credit: Getty

#9: Fort Collins, Colorado
Population: 149,627
Median household income: $53,775
Unemployment rate: 5.3%
Poverty rate: 18.4%
Annual violent crimes per 100,000: 213.6
Annual property crimes per 100,000: 2,455.6

Photo credit: Getty

#8: Port St. Lucie, Florida
Population: 169,260
Median household income: $48,898
Unemployment rate: 8.5%
Poverty rate: 15.2%
Annual violent crimes per 100,000: 141
Annual property crimes per 100,000: 1,448.5

Photo credit: Getty

#7: Sunnyvale, California
Population: 145,921
Median household income: $103,257
Unemployment rate: 5.4%
Poverty rate: 7.9%
Annual violent crimes per 100,000: 111.8
Annual property crimes per 100,000: 1,577.2

Photo credit: Getty

#6: Ann Arbor, Michigan 
Population: 115,985
Median household income: $56,835
Unemployment rate: 4.0%
Poverty rate: 22.8%
Annual violent crimes per 100,000: 164.8
Annual property crimes per 100,000: 1,868.1

Photo credit: Getty

#5: Orange, California 
Population: 138,980
Median household income: $77,086
Unemployment rate: 6.2%
Poverty rate: 12.5%
Annual violent crimes per 100,000: 100.9
Annual property crimes per 100,000: 1,591.9

Photo credit: Getty

#4: Round Rock, Texas
Population: 106,972
Median household income: $70,952
Unemployment rate: 5.3%
Poverty rate: 9.6%
Annual violent crimes per 100,000: 124.8
Annual property crimes per 100,000: 1,951

Photo credit: Getty

#3: Glendale, California 
Population: 195,380
Median household income: $52,451
Unemployment rate: 6.7%
Poverty rate: 14.6%
Annual violent crimes per 100,000: 94.4
Annual property crimes per 100,000: 1,559.3

Photo credit: Getty

#2: Thousand Oaks, California 
Population: 128,126
Median household income: $99,115
Unemployment rate: 6.4%
Poverty rate: 7.0%
Annual violent crimes per 100,000: 99.1
Annual property crimes per 100,000: 1,237.9

Photo credit: Getty

#1: Naperville, Illinois 
Population: 144,108
Median household income: $109,512
Unemployment rate: 4.7%
Poverty rate: 4.4%
Annual violent crimes per 100,000: 77.6
Annual property crimes per 100,000: 1,123

Photo credit: Getty

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