Home prices are plummeting in these 9 major US cities

Real estate prices concern everyone, whether you own a home or are renting one. Affordability and cost of living are crucial factors when trying to make long-term plans, find new jobs, or deciding where and when to make an investment. Price bubbles come and go, and jobs move from one area to another. And when or if you need to move, finding a house in an area in which you can afford can be difficult.

To identify places with great housing affordability, GOBankingRates surveyed the 250 largest U.S. cities by population to determine where home prices are falling the most, according to Zillow's most recent figures. Based on year-over-year changes in prices, nine major cities saw prices fall by $5,000 or more, with cities clustered in the Southeast and South, especially Texas.

Click through to see where prices are falling — and see where they're skyrocketing.

Methodology: GOBankingRates surveyed the largest 250 U.S. cities by population, evaluating them for the biggest drop in median listing price from April 2016 to April 2017. All cities included here experienced a drop of at least $5,000 in median listing price. All data was sourced from Zillow, updated as of April 2017.