Rankings/Eau Claire, WI

Eau Claire, WI

NeutralTier 1CBSA 20740Compare

Risk Rank: #138 of 274Month: 2026-05Score change (12m):↓ -13

50score

Composite risk percentile vs 274 metros (higher = higher risk)

Executive Summary

Eau Claire's housing market shows average risk, ranking 138th of 274 metros. The market recently entered Recovery. Inventory is growing moderately (-10% YoY) with stable liquidity. Early signs of stabilization — conditions may favor patient buyers.

Eau Claire experienced a market correction from late 2024 through early 2025. The market is currently recovering.

Inventory is declining (-10% YoY), indicating a tight market with limited supply.

Rent growth is roughly keeping pace with price appreciation, suggesting valuations are not stretched.

Cycle Phase

RecoveryExpansionHypersupplyRecession

1 month in current phase

Market conditions are rebuilding after a correction period

Key Dynamics

Risk is primarily driven by affordability and employment, while permit growth provides the most support.

Top Drivers

Affordabilityp81

Mortgage payment / income

Employmentp67

12-month employment change (risk inverted)

Permits per Capitap57

Permits per 1,000 residents

Market Signals

Inventory is declining (-10% YoY), indicating a tight market with limited supply.

Liquidity

Stable↓

Active Listings YoY

-10.1%p37

Days on Market YoY

+4.8%p58

Months in status1

Data through May 2026

Valuation

Balanced—

Rent vs. Price Growth

+1.0%p78

Months in status1

Data through May 2026Rent growth vs price growth (rent support). Note: Affordability and Valuation measure different structural dimensions and can diverge.

Factor Details

Lower riskHigher risk

Low RiskBelow AvgNeutralElevatedHigh Risk

Price MomentumBelow Avg

+1.3%p38

12-month HPI change — higher = overheating

Permit GrowthLow Risk

-32.2%p7

YoY permit change — higher = supply pressure

Permits per CapitaNeutral

4.76p57

Permits per 1,000 residents — higher = overbuilding risk

AffordabilityHigh Risk

0.33p81

Mortgage payment / income — higher = more burdened

EmploymentElevated

-0.3%p67

12-month employment change (risk inverted)

MigrationNeutral

+$2Kp53

Net AGI migration (risk inverted)

National Context

Credit Conditions

Credit Regime

Stable—

Healthy recovery. Credit is flowing normally and transactions are steady — conditions favor continued rebuilding.

Bank Lending Standards

-3.7Normal

Rate Change (YoY)

-38 bpsNormal

Mortgage Risk Premium

+199 bpsElevated

Stable for 9 quartersData through 2026-Q2

Supply Pipeline

Supply Regime

Accumulating—

Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.

Pipeline Ratio

0.90Elevated

Completion-Permit Divergence

-5.9 ppNormal

Accumulating for 5 quartersData through 2026-Q2

Local Signals

Metro Permit Activity

Permit Activity

Sharp Cooling

YoY Permit Growth

-32.2%Significant pullback

Raw signal — not the composite percentile

Relative to 2016–2019 norms for this metro

Significant supply pullback into healthy demand. A supply constraint is forming — pricing power is shifting to existing inventory holders.

Employment Concentration

Employment

Moderate

Largest SectorHealth Care 19.1%

QCEW 2024 annual averages

Internal Structure

County-level structural analysis.

County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.

Score History

Month	Phase	Score	Price	Permits	Afford	Employ	Migr
2025-12	Rec	67	85	49	81	73	53
2025-10	Rec	62	81	6	81	89	50
2025-07	Rec	58	71	6	81	74	50
2025-05	Hyp	63	97	6	82	78	50
2025-03	Hyp	53	50	6	78	71	50
2025-02	Ress	47	39	6	78	47	50
2024-12	Ress	46	21	6	78	60	50
2024-11	Hyp	40	29	6	78	15	50
2024-09	Hyp	46	32	6	77	49	50
2024-06	Ress	43	8	6	75	58	50
2024-04	Ress	44	21	6	75	51	50
2024-03	Hyp	56	76	6	79	60	50
2024-02	Exp	55	86	6	79	48	50
2023-12	Exp	56	85	6	63	68	50
2023-10	Hyp	52	75	6	63	58	50
2023-09	Exp	60	98	6	70	76	50
2023-07	Rec	53	95	6	70	36	50
2023-05	Rec	54	90	6	67	46	50
2023-02	Ress	42	51	6	59	22	50
2022-12	Exp	47	64	6	59	41	50
2022-10	Rec	44	57	6	59	30	50
2022-08	Rec	42	49	6	59	23	50
2022-07	Ress	46	43	6	59	56	50
2022-06	Exp	43	35	6	58	48	50
2022-04	Exp	50	39	6	58	87	50
2022-02	Rec	48	30	6	55	83	50
2021-12	Rec	47	41	6	74	49	47
2021-11	Exp	49	37	6	74	66	47
2021-09	Exp	52	53	6	77	66	47
2021-06	Exp	48	55	6	77	42	47
2021-05	Rec	48	59	6	77	36	47
2021-03	Rec	46	35	6	76	51	47
2021-02	Exp	44	34	6	76	37	47
2020-12	Exp	52	68	6	62	61	51
2020-11	Rec	51	69	6	62	56	51
2020-09	Rec	46	60	6	61	34	51
2020-06	Exp	42	22	6	61	51	51
2020-04	Exp	46	27	6	61	66	51
2020-03	Rec	44	42	6	61	42	51
2020-01	Rec	51	52	6	61	71	51
2019-12	Exp	49	38	6	59	69	57
2019-10	Exp	50	46	6	59	68	57
2019-07	Exp	54	61	6	62	78	57
2019-06	Rec	55	60	6	61	85	57
2019-04	Rec	53	60	6	61	69	57
2019-03	Exp	56	62	6	59	88	57
2019-01	Exp	56	71	6	59	81	57

Data Vintages

Price (HPI)2026-Q1

Permits2026-05

Income2024

Employment2026-05

Migration2023