US Metro Real Estate Intelligence
Rankings/Kenosha, WI

Kenosha, WI

NeutralTier 1CBSA 28450Compare
Risk Rank: #89 of 287Month: 2025-12
54score
Composite risk percentile vs 287 metros (higher = higher risk)

Executive Summary

Kenosha's housing market shows average risk, ranking 89th of 287 metros. The market recently entered Expansion. Broad-based growth with healthy fundamentals.

Key Dynamics

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

Top Drivers

Permit Growthp100
YoY permit change
Permits per Capitap63
Permits per 1,000 residents
Employmentp57
12-month employment change (risk inverted)
Factor Details
Lower riskHigher risk
Low RiskBelow AvgNeutralElevatedHigh Risk
Price MomentumNeutral
+3.0%p47

12-month HPI change — higher = overheating

Permit GrowthHigh Risk
+251.9%p100

YoY permit change — higher = supply pressure

Permits per CapitaElevated
5.35p63

Permits per 1,000 residents — higher = overbuilding risk

AffordabilityLow Risk
0.22p11

Mortgage payment / income — higher = more burdened

EmploymentNeutral
+0.1%p57

12-month employment change (risk inverted)

MigrationNeutral
+$26Kp45

Net AGI migration (risk inverted)

National Context

Credit Conditions

Credit Regime

Stable
Bank Lending Standards
-5.7Normal
Rate Change (YoY)
-76 bpsNormal
Mortgage Risk Premium
+191 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
0.92High
Completion-Permit Divergence
+1.9 ppNormal
Accumulating for 4 quartersData through 2026-Q1
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
First scoring month — history will build with each monthly refresh.
Data Vintages
Price (HPI)2025-Q4
Permits2025-12
Income2024
Employment2025-12
Migration2022