Rankings/Eau Claire, WI

Eau Claire, WI

ElevatedTier 1CBSA 20740Compare

Risk Rank: #12 of 287Month: 2025-12Score change (12m):↑ +21

67score

Composite risk percentile vs 287 metros (higher = higher risk)

Cycle Phase

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

Recovery

Expansion

Hypersupply

Recession

In Recovery for 7 months·Previously: Recovery

Market conditions are rebuilding after a correction period

Recovery

Expansion

Hypersupply

Recession

Eau Claire's housing market shows elevated risk, ranking 12th of 287 metros. The market has been in Recovery for 7 months. Current conditions are balanced with stable liquidity.

Executive Summary

Risk is Elevated, driven primarily by price momentum and affordability. The market is in Recovery phase. Liquidity is stable and valuation is balanced.

Top Risk Drivers (This Month)

Price Momentum

p82 (elevated risk)

12-month HPI change

Affordability

p81 (elevated risk)

Mortgage payment / income

Employment

p73 (moderate)

12-month employment change (risk inverted)

Market Signals

Inventory is declining (-8% YoY), indicating a tight market with limited supply.

Liquidity

Stable↓

Active Listings YoY

-8.4%p39

Days on Market YoY

+10.7%p68

Months in status7

Data through Dec 2025

Valuation

Balanced—

Rent vs. Price Growth

-1.5%p41

Months in status2

Data through Dec 2025Rent growth vs price growth (rent support). Note: Affordability and Valuation measure different structural dimensions and can diverge.

Factor Details

Factor Breakdown

Price Momentum82

12-month HPI change — higher = overheating

Permit Growth50

YoY permit change — higher = supply pressure

Permits per Capita64

Permits per 1,000 residents — higher = overbuilding risk

Affordability81

Mortgage payment / income — higher = more burdened

Employment73

12-month employment change (risk inverted)

Migration50

Net AGI migration (risk inverted)

Underlying Values

Metric	Value	Pctile
Price Momentum	+4.3%	p82
Permit Growth	-2.1%	p50
Permits/1K Pop	5.37	p64
Affordability	0.32	p81
Employment	-0.2%	p73
Net AGI Migration	+$14K	p50

National ContextDoes not affect score

Credit Conditions

Credit Regime

Stable—

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

Bank Lending Standards

-5.7Normal

Rate Change (YoY)

-74 bpsNormal

Mortgage Risk Premium

+189 bpsElevated

Stable for 8 quartersData through 2026-Q1

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

0.91High

Completion-Permit Divergence

-3.2 ppNormal

Accumulating for 3 quartersData through 2025-Q4

Local SignalsDoes not affect score

Metro Permit Activity

Permit Activity

Normal

YoY Permit Growth

-2.1%Within norm

Raw signal — not the composite percentile

Relative to 2016–2019 norms for this metro

Supply and demand are in equilibrium. No unusual activity on either side of the market.

Liquidity

Stable↓

Active Listings YoY-8.4%

Days on Market YoY+10.7%

AssessmentBalanced conditions

Stable for 7 monthsData through Dec 2025

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
2025-11	Rec	63	83	6	81	95	50
2025-09	Rec	60	80	6	81	78	50
2025-06	Rec	59	96	6	82	56	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)2025-Q3

Permits2025-12

Income2024

Employment2025-12

Migration2022