While housing has had quite the rebound since it bottomed out a few years ago, five cities aren't seeing the eye-popping growth others are experiencing. But concerned homeowners in these cities should know that many of those now quickly growing cities also saw the biggest crashes in the height of the Great Recession.

According to the latest release of the S&P/Case-Shiller real estate index, which tracks home prices in 20 major U.S. cities, home prices in these markets are up 11% in 2013, and the U.S. has seen all home prices rise by 8%.

But home prices in Cleveland, New York, Minneapolis, Washington, D.C., and Charlotte have all lagged the market, as shown in the chart below:


Source: S&P Dow Indicies.

But looking at one year's growth in isolation isn't the best habit, and while these cities are behind the U.S. average, that fact doesn't tell the whole story.

Certainly, they're not world beaters, but the picture looks much better for those five cities when considering the long-term picture. When we look at the data since August 2006, we see that only Minneapolis trails the 20-city composite and only marginally so. The rest of the cities all best the average, and the real winner is Charlotte, where home prices have been surprisingly stable.

As a matter of fact, a big reason for all of these not having huge growth rates is the result of them missing the insane peaks and plummets through the housing bubble. If we look at their average home price performance (baselined to 2000) compared to the top five cities of San Francisco, Las Vegas, Atlanta, Los Angeles, and San Diego, we see something very interesting:

As you can see, the bottom five cities saw a much less dramatic fall from their peak, falling 32% compared to more than 45% for the top five and 35% for the 20-city average. And while their total growth since 2000 trails the others, if we look at it since 2000, it only amounts to a difference of about 0.5% per year.

With that, let's dive into each of these markets to see what things have looked like since 2000 and if any companies are set to benefit if home prices begin rapidly rising.

Charlotte
 

Despite its population rising by 31% since 2000, Charlotte's housing prices have only risen by 24% over the past 13 and a half years. However, it also had one of the narrowest declines, as its prices fell by 20% from their peak, and are now less than 10% away from eclipsing that peak. As you can suspect, Bank of America , which is headquartered in Charlotte, is likely pulling hardest for Charlotte to see home prices climb, as it holds an astounding 78% of deposits there as of last June. In fact, Bank of America and Wells Fargo  have more than 90% of the deposits in this market.

Washington, D.C.

Like many of the cities whose prices climbed the fastest, Washington, D.C,. has had a rather dramatic rise and fall. And while its prices haven't come back nearly as quickly as some of the other markets, the total home prices climbing 103% over the last 13 and a half years is among the best in the country. One of the biggest benefactors of this is likely Richmond-based Capital One , which has a 15% market share.

Minneapolis

Of the cities in the bottom five for growth this year, Minneapolis' housing prices, which stood at almost 40%, fell the most dramatically. Yet unsurprisingly, it's also had the best rebound, as prices have risen almost 30% from the bottom seen in March 2011. Wells Fargo again is likely set to benefit from a continued rebound here, as it holds almost half of the market share. In addition, Minneapolis-based U.S. Bancorp , with 25% of deposits is likely rooting for its home city to continue to claw back.

Cleveland

Cleveland has some of the narrowest and slowest growth of the cities they measured, and its home prices are only up marginally since 2000. But if it can have any consolation, while its prices are only up 6% since 2000, the similarly struggling Detroit has seen its prices actually fall by 10% over the same period. Which bank is hoping for those prices to come back most of all? Likely PNC , which holds 11.5% of Cleveland's deposits and 10.5% of Detroit's.

New York

Somewhat surprisingly, New York is seemingly still struggling to recover, as its home prices are only up 9% from the lows seen in March 2012, and it is the worst performer of the 20 cities measured over the last three years. Jaimie Dimon of JPMorgan Chase is likely earnestly rooting for the Big Apple to rebound, as not only does it hold 34% of the deposits in the city but 402 million of its 832 million (48%) of its total deposits are located within the confines of New York.

While these five cities are all the slowest growing over the past five years, they have all seen some of the more stable growth as well. Certainly, there is still room for gains in all of them, but if you find yourself owning or are considering buying a home in any of them, this trend shouldn't present much of a concern.

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The article 5 Major Housing Markets Lagging the Rest originally appeared on Fool.com.

Fool contributor Patrick Morris owns shares of Bank of America and U.S. Bancorp. The Motley Fool recommends and owns shares of Bank of America and Wells Fargo. It owns shares of PNC Financial Services. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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