With all the discussion about housing costs spiraling out of control, there are still undervalued housing markets out there. According to a report from National City Corp., one of the nation's largest financial holding companies, four out of the five most undervalued markets are in Texas. College Station, Texas, is the nation's most undervalued market, with houses priced 19 percent below where the data suggests they should be. The other four are El Paso, Odessa, and Killeen, Texas, and Montgomery, El Ala.

Learn more about markets featured in this article: College Station, TX.