US Metro Real Estate Intelligence
Rankings/Kenosha, WI

Kenosha, WI

NeutralTier 1CBSA 28450Compare
Risk Rank: #77 of 273Month: 2026-08
56score
Composite risk percentile vs 273 metros (higher = higher risk)

Executive Summary

Kenosha's housing market shows average risk, ranking 77th of 273 metros. The market recently entered Expansion. Broad-based growth with healthy fundamentals.

Kenosha has maintained relatively stable market conditions throughout the observation period, currently in Expansion.

Key Dynamics

Risk is primarily driven by price momentum and employment, while affordability provides the most support.

Top Drivers

Price Momentump99
12-month HPI change
Employmentp69
12-month employment change (risk inverted)
Permit Growthp60
YoY permit change
Factor Details
Lower riskHigher risk
Low RiskBelow AvgNeutralElevatedHigh Risk
Price MomentumHigh Risk
+7.5%p99

12-month HPI change — higher = overheating

Permit GrowthNeutral
+5.0%p60

YoY permit change — higher = supply pressure

Permits per CapitaNeutral
3.46p42

Permits per 1,000 residents — higher = overbuilding risk

AffordabilityLow Risk
0.25p18

Mortgage payment / income — higher = more burdened

EmploymentElevated
-0.1%p69

12-month employment change (risk inverted)

MigrationNeutral
+$11Kp47

Net AGI migration (risk inverted)

National Context

Credit Conditions

Credit Regime

Stable—
Bank Lending Standards
+0.0Normal
Rate Change (YoY)
+11 bpsNormal
Mortgage Risk Premium
+196 bpsElevated
Stable for 10 quartersData through 2026-Q3

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
0.89Elevated
Completion-Permit Divergence
-19.2 ppNormal
Accumulating for 6 quartersData through 2026-Q3
Local Signals

Employment Concentration

Employment

Moderate
Largest SectorHealth Care 14.1%
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
MonthScore
2026-0654
2025-1254
Data Vintages
Price (HPI)2026-Q2
Permits2026-08
Income2024
Employment2026-08
Migration2023