It’s in Pittsburgh, Pa., according to a recent study from Zillow.com, which indicates that buyers are paying 59 percent less for foreclosed homes than those who close on “traditional” properties.

Those are remarkable savings.

The “white paper,” called “Price Differences Between Foreclosures and Non-Foreclosures,” analyzed 16 major real estate markets throughout the United States. Overall, the research revealed that on average buyers save about 28 percent on distressed real estate.

Portland, Ore., is where the savings gap is narrowest, coming in at about an 18 percent discount. Nonetheless, it’s still a significant amount when hundreds of thousands of dollars are involved.

Take a look the top 10 best markets for where to find foreclosure deals:

1. Pittsburgh, Pa.
2. Cincinnati, Ohio
3. Columbus, Ohio
4. Minneapolis-St. Paul, Minn.
5. Phoenix, Ariz.
6. Denver, Colo.
7. Los Angeles, Calif.
8. Kansas City, Mo.
9. Riverside, Calif.
10. San Diego, Calif.

To check out the full list, as well as to learn more about the methodology that went into creating the white paper, click here.

Remember that our blog reader special discount is still in effect on our FREE 7-Day Trial. It’s literally worth checking out if you’re looking for the best foreclosure deals in your area.

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Enjoy!