Second-best market: Kansas City, Kan.
Projected 2012 price gains: 5.8%
"After experiencing one of the hardest-hit markets in the country in terms of foreclosures, Kansas City is recovering from its downturn in housing more quickly than most other areas of the country," Colpitts says.

He says record-high prices for corn and other crops "are pushing home prices higher and are projected to sustain through 2012."

Located across the state line from Kansas City, Mo., Kansas City, Kan., is home to Associated Wholesale Grocers and Kansas City Steak.

General Motors ( GM) also operates its Fairfax Assembly Plant is in the 145,700-person city, cranking out Chevrolet Malibus and Buick LaCrosses.

If you liked this article you might like

If You Buy Just One Tech Stock, Make It This Apple Supplier, Jim Cramer Says

Buying Nvidia Now Is Like Getting Intel Way Back in 1993, Jim Cramer Says

GE Is 'One of the Toughest Stocks I've Ever Had to Deal With,' Jim Cramer Says

Nucor Is a 'Pounding-the-Table' Buy Here, Jim Cramer Says

Make Gary Cohn the Next Federal Reserve Chair, Jim Cramer Says