U.S. Metro Housing Market Rankings

August 2026 · 273 metros scored

Each metro scores 0–100 for housing cycle risk, derived from six public-data factors ranked against peers. How it works →

273metros

Risk

Cycle

Momentum

Liquidity

Valuation

Permits

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Core Risk					Structural Drivers						Market Signals		Cycle		Context
#↑	Metro	Score	Risk Band	Chg	Price	Permits	Per Cap	Afford	Employ	Migr	Liquidity	Valuation	Diverg.	Cycle	Yield	S/L	Cuts	Emp	Value
1	Blacksburg, VA13980	78	ElevatedElevated	—	75	94	48	83	96	70	Stress↑	Balanced↓	Moderate	Recession	—	—	—	—	—	›
Structural Drivers Price75 Permits94 Per Cap48 Afford83 Employ96 Migr70 LiqStress↑ ValBalanced↓ DivergModerate CycleRecession Full metro detail →
2	Coeur d'Alene, ID17660	76	ElevatedElevated	—	82	75	93	96	93	19	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price82 Permits75 Per Cap93 Afford96 Employ93 Migr19 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
2	College Station, TX17780	76	ElevatedElevated	—	91	95	96	97	13	61	Watch—	Compressed↑	Moderate	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price91 Permits95 Per Cap96 Afford97 Employ13 Migr61 LiqWatch— ValCompressed↑ DivergModerate CycleHypersupply Full metro detail →
4	Jacksonville, NC27340	75	ElevatedElevated	—	65	92	90	75	92	34	Stable↑	Balanced—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price65 Permits92 Per Cap90 Afford75 Employ92 Migr34 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
5	Abilene, TX10180	74	ElevatedElevated	—	100	98	92	93	16	47	Stable↑	Balanced↑	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price100 Permits98 Per Cap92 Afford93 Employ16 Migr47 LiqStable↑ ValBalanced↑ CycleExpansion Full metro detail →
6	Champaign, IL16580	72	ElevatedElevated	—	63	100	84	43	53	90	Stress↓	Balanced—	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price63 Permits100 Per Cap84 Afford43 Employ53 Migr90 LiqStress↓ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
6	Syracuse, NY45060	72	ElevatedElevated	—	80	100	49	33	81	91	Watch↑	Balanced—	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price80 Permits100 Per Cap49 Afford33 Employ81 Migr91 LiqWatch↑ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
8	Madison, WI31540	71	ElevatedElevated	—	79	60	88	23	92	86	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price79 Permits60 Per Cap88 Afford23 Employ92 Migr86 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
8	Pensacola, FL37860	71	ElevatedElevated	—	83	74	78	85	73	32	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price83 Permits74 Per Cap78 Afford85 Employ73 Migr32 LiqStable— ValBalanced— CycleExpansion Full metro detail →
10	Brownsville, TX15180	70	ElevatedElevated	—	31	67	66	88	86	79	Stable↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price31 Permits67 Per Cap66 Afford88 Employ86 Migr79 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
10	Appleton, WI11540	70	ElevatedElevated	—	78	97	69	20	71	84	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price78 Permits97 Per Cap69 Afford20 Employ71 Migr84 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
12	Medford, OR32780	68	ElevatedElevated	—	87	69	53	79	85	35	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price87 Permits69 Per Cap53 Afford79 Employ85 Migr35 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
12	Iowa City, IA26980	68	ElevatedElevated	—	62	88	83	7	80	86	Stable↓	Balanced↓	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price62 Permits88 Per Cap83 Afford7 Employ80 Migr86 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
12	South Bend, IN-MI43780	68	ElevatedElevated	—	95	93	38	75	36	74	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price95 Permits93 Per Cap38 Afford75 Employ36 Migr74 LiqStable— ValBalanced— CycleExpansion Full metro detail →
15	Crestview, FL18880	67	ElevatedElevated	—	96	57	94	81	52	24	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price96 Permits57 Per Cap94 Afford81 Employ52 Migr24 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
15	Rochester, NY40380	67	ElevatedElevated	—	96	83	13	22	96	94	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price96 Permits83 Per Cap13 Afford22 Employ96 Migr94 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
17	Sebastian, FL42680	66	ElevatedElevated	—	92	99	30	86	71	17	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price92 Permits99 Per Cap30 Afford86 Employ71 Migr17 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
17	Homosassa Springs, FL26140	66	ElevatedElevated	—	68	31	95	100	81	20	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price68 Permits31 Per Cap95 Afford100 Employ81 Migr20 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
17	Atlantic City, NJ12100	66	ElevatedElevated	—	90	31	50	93	100	33	Stable—	Balanced↓	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price90 Permits31 Per Cap50 Afford93 Employ100 Migr33 LiqStable— ValBalanced↓ CycleExpansion Full metro detail →
17	Grand Junction, CO24300	66	ElevatedElevated	—	98	37	62	96	78	25	Watch↑	Compressed—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price98 Permits37 Per Cap62 Afford96 Employ78 Migr25 LiqWatch↑ ValCompressed— CycleHypersupply Full metro detail →
17	Oshkosh, WI36780	66	ElevatedElevated	—	46	95	70	50	77	57	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price46 Permits95 Per Cap70 Afford50 Employ77 Migr57 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
17	Tallahassee, FL45220	66	ElevatedElevated	—	83	52	73	78	19	92	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price83 Permits52 Per Cap73 Afford78 Employ19 Migr92 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
23	Asheville, NC11700	65	ElevatedElevated	—	54	91	93	99	38	13	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price54 Permits91 Per Cap93 Afford99 Employ38 Migr13 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
23	Hickory, NC25860	65	ElevatedElevated	—	23	76	88	81	91	29	Watch↑	Balanced—	Moderate	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price23 Permits76 Per Cap88 Afford81 Employ91 Migr29 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
25	Gainesville, FL23540	64	ElevatedElevated	—	1	86	76	97	45	77	Stable—	Balanced↓	High	Expansion	—	—	—	Con	—	›
Structural Drivers Price1 Permits86 Per Cap76 Afford97 Employ45 Migr77 LiqStable— ValBalanced↓ DivergHigh CycleExpansion Full metro detail →
25	Greensboro, NC24660	64	ElevatedElevated	—	77	80	67	47	28	82	Stress↑	Balanced—	High	Recession	—	—	—	Div	—	›
Structural Drivers Price77 Permits80 Per Cap67 Afford47 Employ28 Migr82 LiqStress↑ ValBalanced— DivergHigh CycleRecession Full metro detail →
27	Virginia Beach, VA-NC47260	63	ElevatedElevated	—	56	70	35	46	82	87	Stable↑	Balanced—	Low	Expansion	—	—	—	—	—	›
Structural Drivers Price56 Permits70 Per Cap35 Afford46 Employ82 Migr87 LiqStable↑ ValBalanced— DivergLow CycleExpansion Full metro detail →
27	Logan, UT-ID30860	63	ElevatedElevated	—	19	77	89	76	64	55	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price19 Permits77 Per Cap89 Afford76 Employ64 Migr55 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
27	Shreveport, LA43340	63	ElevatedElevated	—	97	72	35	38	55	82	Stable—	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price97 Permits72 Per Cap35 Afford38 Employ55 Migr82 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
27	Duluth, MN-WI20260	63	ElevatedElevated	—	40	88	33	97	73	46	Watch↑	Balanced—	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price40 Permits88 Per Cap33 Afford97 Employ73 Migr46 LiqWatch↑ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
27	Racine, WI39540	63	ElevatedElevated	—	97	88	42	31	84	37	Stable↑	Balanced↓	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price97 Permits88 Per Cap42 Afford31 Employ84 Migr37 LiqStable↑ ValBalanced↓ CycleExpansion Full metro detail →
27	Rochester, MN40340	63	ElevatedElevated	—	37	99	82	12	64	84	Stress↑	Balanced—	Low	Recession	—	—	—	Con	—	›
Structural Drivers Price37 Permits99 Per Cap82 Afford12 Employ64 Migr84 LiqStress↑ ValBalanced— DivergLow CycleRecession Full metro detail →
27	Valdosta, GA46660	63	ElevatedElevated	—	100	44	68	70	46	51	Stress↓	Compressed↓	—	Hypersupply	—	—	—	—	—	›
Structural Drivers Price100 Permits44 Per Cap68 Afford70 Employ46 Migr51 LiqStress↓ ValCompressed↓ CycleHypersupply Full metro detail →
34	Eugene, OR21660	62	ElevatedElevated	—	53	76	45	87	76	35	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price53 Permits76 Per Cap45 Afford87 Employ76 Migr35 LiqStable— ValBalanced— CycleExpansion Full metro detail →
34	Waterloo, IA47940	62	ElevatedElevated	—	74	56	29	47	99	66	Stable↑	Balanced—	High	Expansion	—	—	—	Con	—	›
Structural Drivers Price74 Permits56 Per Cap29 Afford47 Employ99 Migr66 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
34	Auburn, AL12220	62	ElevatedElevated	—	84	90	97	62	3	38	Stress↑	Balanced—	—	Recession	—	—	—	—	—	›
Structural Drivers Price84 Permits90 Per Cap97 Afford62 Employ3 Migr38 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
34	Portland, OR-WA38900	62	ElevatedElevated	—	38	54	45	40	97	99	Stable↑	—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price38 Permits54 Per Cap45 Afford40 Employ97 Migr99 LiqStable↑ DivergModerate CycleExpansion Full metro detail →
34	Gainesville, GA23580	62	ElevatedElevated	—	50	76	86	53	85	22	Stable↓	—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price50 Permits76 Per Cap86 Afford53 Employ85 Migr22 LiqStable↓ CycleRecovery Full metro detail →
34	Odessa, TX36220	62	ElevatedElevated	—	45	90	79	68	10	77	Stress↓	Compressed↓	—	Hypersupply	—	—	—	Div	—	›
Structural Drivers Price45 Permits90 Per Cap79 Afford68 Employ10 Migr77 LiqStress↓ ValCompressed↓ CycleHypersupply Full metro detail →
40	Idaho Falls, ID26820	61	ElevatedElevated	—	66	8	89	71	93	40	Stable↑	Balanced—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price66 Permits8 Per Cap89 Afford71 Employ93 Migr40 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
40	Lansing, MI29620	61	ElevatedElevated	—	70	83	17	18	89	90	Watch↑	Balanced—	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price70 Permits83 Per Cap17 Afford18 Employ89 Migr90 LiqWatch↑ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
40	Roanoke, VA40220	61	ElevatedElevated	—	51	90	46	48	64	69	Stress↑	Balanced—	High	Recession	—	—	—	—	—	›
Structural Drivers Price51 Permits90 Per Cap46 Afford48 Employ64 Migr69 LiqStress↑ ValBalanced— DivergHigh CycleRecession Full metro detail →
40	Lexington, KY30460	61	ElevatedElevated	—	79	41	53	72	31	89	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price79 Permits41 Per Cap53 Afford72 Employ31 Migr89 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
40	Billings, MT13740	61	ElevatedElevated	—	64	20	65	77	98	43	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price64 Permits20 Per Cap65 Afford77 Employ98 Migr43 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
40	Greenville, NC24780	61	ElevatedElevated	—	10	84	91	56	49	74	Stable↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price10 Permits84 Per Cap91 Afford56 Employ49 Migr74 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
40	Daphne, AL19300	61	ElevatedElevated	—	97	48	97	65	42	18	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price97 Permits48 Per Cap97 Afford65 Employ42 Migr18 LiqStable— ValBalanced— CycleExpansion Full metro detail →
40	Hanford, CA25260	61	ElevatedElevated	—	53	59	63	46	86	60	Stable↑	Balanced—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price53 Permits59 Per Cap63 Afford46 Employ86 Migr60 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
48	Buffalo, NY15380	60	NeutralNeutral	—	58	79	8	59	62	96	Watch↑	Balanced—	—	Hypersupply	—	—	—	Div	—	›
Structural Drivers Price58 Permits79 Per Cap8 Afford59 Employ62 Migr96 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
48	Salem, OR41420	60	NeutralNeutral	—	27	82	51	69	95	36	Watch↑	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price27 Permits82 Per Cap51 Afford69 Employ95 Migr36 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
48	Memphis, TN-MS-AR32820	60	NeutralNeutral	—	53	75	31	21	80	98	Stable↓	Balanced—	—	Recovery	—	—	—	—	—	›
Structural Drivers Price53 Permits75 Per Cap31 Afford21 Employ80 Migr98 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
48	Jackson, TN27180	60	NeutralNeutral	—	89	77	29	60	50	56	Stable↑	Balanced—	Low	Expansion	—	—	—	—	—	›
Structural Drivers Price89 Permits77 Per Cap29 Afford60 Employ50 Migr56 LiqStable↑ ValBalanced— DivergLow CycleExpansion Full metro detail →
48	Yuma, AZ49740	60	NeutralNeutral	—	11	62	66	65	97	59	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price11 Permits62 Per Cap66 Afford65 Employ97 Migr59 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
48	Milwaukee, WI33340	60	NeutralNeutral	—	94	44	19	33	73	97	Stable—	Balanced—	Low	Expansion	—	—	—	Div	—	›
Structural Drivers Price94 Permits44 Per Cap19 Afford33 Employ73 Migr97 LiqStable— ValBalanced— DivergLow CycleExpansion Full metro detail →
54	Modesto, CA33700	59	NeutralNeutral	—	35	96	31	68	72	51	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price35 Permits96 Per Cap31 Afford68 Employ72 Migr51 LiqStable— ValBalanced— CycleExpansion Full metro detail →
54	Visalia, CA47300	59	NeutralNeutral	—	24	85	51	67	67	58	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price24 Permits85 Per Cap51 Afford67 Employ67 Migr58 LiqStable— ValBalanced— CycleExpansion Full metro detail →
54	Cincinnati, OH-KY-IN17140	59	NeutralNeutral	—	63	85	47	11	54	94	Stress—	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price63 Permits85 Per Cap47 Afford11 Employ54 Migr94 LiqStress— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
54	Janesville, WI27500	59	NeutralNeutral	—	76	73	26	63	77	41	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price76 Permits73 Per Cap26 Afford63 Employ77 Migr41 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
54	Birmingham, AL13820	59	NeutralNeutral	—	76	86	49	25	28	89	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price76 Permits86 Per Cap49 Afford25 Employ28 Migr89 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
54	Bend, OR13460	59	NeutralNeutral	—	17	60	92	89	90	8	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price17 Permits60 Per Cap92 Afford89 Employ90 Migr8 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
60	Indianapolis, IN26900	58	NeutralNeutral	—	47	50	71	14	94	71	Watch↑	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price47 Permits50 Per Cap71 Afford14 Employ94 Migr71 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
60	Fayetteville, NC22180	58	NeutralNeutral	—	81	3	38	42	94	92	Stable↑	Balanced—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price81 Permits3 Per Cap38 Afford42 Employ94 Migr92 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
60	Knoxville, TN28940	58	NeutralNeutral	—	38	65	85	92	54	16	Stable↑	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price38 Permits65 Per Cap85 Afford92 Employ54 Migr16 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
60	Portland, ME38860	58	NeutralNeutral	—	58	82	74	83	39	12	Stable↑	Balanced↓	Low	Expansion	—	—	—	Con	—	›
Structural Drivers Price58 Permits82 Per Cap74 Afford83 Employ39 Migr12 LiqStable↑ ValBalanced↓ DivergLow CycleExpansion Full metro detail →
60	Richmond, VA40060	58	NeutralNeutral	—	55	57	79	51	90	16	Watch↑	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price55 Permits57 Per Cap79 Afford51 Employ90 Migr16 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
60	Providence, RI-MA39300	58	NeutralNeutral	—	74	92	18	79	57	28	Watch↑	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price74 Permits92 Per Cap18 Afford79 Employ57 Migr28 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
60	La Crosse, WI-MN29100	58	NeutralNeutral	—	85	78	41	77	9	61	Watch—	Balanced—	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price85 Permits78 Per Cap41 Afford77 Employ9 Migr61 LiqWatch— ValBalanced— DivergHigh CycleHypersupply Full metro detail →
60	McAllen, TX32580	58	NeutralNeutral	—	60	25	78	78	28	79	Stable—	Balanced—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price60 Permits25 Per Cap78 Afford78 Employ28 Migr79 LiqStable— ValBalanced— CycleExpansion Full metro detail →
60	Warner Robins, GA47580	58	NeutralNeutral	—	67	52	75	7	98	50	Stable↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price67 Permits52 Per Cap75 Afford7 Employ98 Migr50 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
60	Amarillo, TX11100	58	NeutralNeutral	—	56	75	60	31	76	48	Stable—	Balanced—	—	Expansion	—	—	—	—	—	›
Structural Drivers Price56 Permits75 Per Cap60 Afford31 Employ76 Migr48 LiqStable— ValBalanced— CycleExpansion Full metro detail →
60	Fort Wayne, IN23060	58	NeutralNeutral	—	67	64	47	40	56	71	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price67 Permits64 Per Cap47 Afford40 Employ56 Migr71 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
60	Utica, NY46540	58	NeutralNeutral	—	86	62	5	61	64	73	Watch↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price86 Permits62 Per Cap5 Afford61 Employ64 Migr73 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
72	Salt Lake City, UT41620	57	NeutralNeutral	—	39	72	69	61	3	96	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price39 Permits72 Per Cap69 Afford61 Employ3 Migr96 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
72	Santa Fe, NM42140	57	NeutralNeutral	—	76	94	44	13	84	33	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price76 Permits94 Per Cap44 Afford13 Employ84 Migr33 LiqStable— ValBalanced— CycleExpansion Full metro detail →
72	Durham, NC20500	57	NeutralNeutral	—	20	92	94	49	49	40	Watch↑	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price20 Permits92 Per Cap94 Afford49 Employ49 Migr40 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
72	Charleston, SC16700	57	NeutralNeutral	—	94	43	88	100	15	3	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Div	—	›
Structural Drivers Price94 Permits43 Per Cap88 Afford100 Employ15 Migr3 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
72	Burlington, VT15540	57	NeutralNeutral	—	26	87	60	45	68	54	Watch↑	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price26 Permits87 Per Cap60 Afford45 Employ68 Migr54 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
77	Pittsburgh, PA38300	56	NeutralNeutral	—	66	51	23	27	67	99	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Div	—	›
Structural Drivers Price66 Permits51 Per Cap23 Afford27 Employ67 Migr99 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
77	Springfield, MA44140	56	NeutralNeutral	—	72	80	2	64	25	91	Stress—	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price72 Permits80 Per Cap2 Afford64 Employ25 Migr91 LiqStress— ValBalanced— CycleHypersupply Full metro detail →
77	Cleveland, OH17410	56	NeutralNeutral	—	72	85	21	8	52	97	—	Balanced—	Moderate	Expansion	—	—	—	Div	—	›
Structural Drivers Price72 Permits85 Per Cap21 Afford8 Employ52 Migr97 ValBalanced— DivergModerate CycleExpansion Full metro detail →
77	Bloomington, IN14020	56	NeutralNeutral	—	30	2	51	67	100	83	Stable—	—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price30 Permits2 Per Cap51 Afford67 Employ100 Migr83 LiqStable— CycleExpansion Full metro detail →
77	Salinas, CA41500	56	NeutralNeutral	—	78	89	18	45	76	32	Stable↓	Balanced↑	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price78 Permits89 Per Cap18 Afford45 Employ76 Migr32 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
77	Rockford, IL40420	56	NeutralNeutral	—	92	83	8	6	87	60	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price92 Permits83 Per Cap8 Afford6 Employ87 Migr60 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
77	Rapid City, SD39660	56	NeutralNeutral	—	39	11	74	94	76	43	Stable↓	Balanced—	Low	Recovery	—	—	—	Con	—	›
Structural Drivers Price39 Permits11 Per Cap74 Afford94 Employ76 Migr43 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
77	Terre Haute, IN45460	56	NeutralNeutral	—	93	63	17	62	43	56	Stable↓	Balanced—	High	Recovery	—	—	—	—	—	›
Structural Drivers Price93 Permits63 Per Cap17 Afford62 Employ43 Migr56 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
77	Eau Claire, WI20740	56	NeutralNeutral	—	51	13	64	82	72	53	Watch↑	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price51 Permits13 Per Cap64 Afford82 Employ72 Migr53 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
77	Kenosha, WI28450	56	NeutralNeutral	—	99	60	42	18	69	47	—	—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price99 Permits60 Per Cap42 Afford18 Employ69 Migr47 CycleExpansion Full metro detail →
77	Grand Rapids, MI24340	56	NeutralNeutral	—	82	62	42	51	39	61	Watch↑	Balanced—	High	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price82 Permits62 Per Cap42 Afford51 Employ39 Migr61 LiqWatch↑ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
77	Niles, MI35660	56	NeutralNeutral	—	93	22	22	72	84	41	Watch↑	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price93 Permits22 Per Cap22 Afford72 Employ84 Migr41 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
77	Ann Arbor, MI11460	56	NeutralNeutral	—	73	81	52	8	38	81	Watch↑	Balanced—	—	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price73 Permits81 Per Cap52 Afford8 Employ38 Migr81 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
77	Wichita, KS48620	56	NeutralNeutral	—	70	89	71	28	4	72	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price70 Permits89 Per Cap71 Afford28 Employ4 Migr72 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
77	Macon, GA31420	56	NeutralNeutral	—	90	35	19	57	89	44	Stable↑	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price90 Permits35 Per Cap19 Afford57 Employ89 Migr44 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
92	Columbia, SC17900	55	NeutralNeutral	—	55	72	80	43	30	49	Stable—	Balanced—	Low	Expansion	—	—	—	—	—	›
Structural Drivers Price55 Permits72 Per Cap80 Afford43 Employ30 Migr49 LiqStable— ValBalanced— DivergLow CycleExpansion Full metro detail →
92	Columbus, OH18140	55	NeutralNeutral	—	59	18	70	24	61	96	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price59 Permits18 Per Cap70 Afford24 Employ61 Migr96 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
92	Bowling Green, KY14540	55	NeutralNeutral	—	50	49	72	51	64	46	Stable↑	Balanced—	—	Expansion	—	—	—	—	—	›
Structural Drivers Price50 Permits49 Per Cap72 Afford51 Employ64 Migr46 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
92	Lynchburg, VA31340	55	NeutralNeutral	—	73	30	46	74	44	62	Stress↑	Balanced—	High	Recession	—	—	—	Mod	—	›
Structural Drivers Price73 Permits30 Per Cap46 Afford74 Employ44 Migr62 LiqStress↑ ValBalanced— DivergHigh CycleRecession Full metro detail →
96	Huntington, WV-KY-OH26580	54	NeutralNeutral	—	91	70	7	37	70	49	Stable—	Balanced↓	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price91 Permits70 Per Cap7 Afford37 Employ70 Migr49 LiqStable— ValBalanced↓ DivergModerate CycleExpansion Full metro detail →
96	Urban Honolulu, HI46520	54	NeutralNeutral	—	99	54	11	3	69	89	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price99 Permits54 Per Cap11 Afford3 Employ69 Migr89 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
96	Boise City, ID14260	54	NeutralNeutral	—	59	51	94	89	23	6	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price59 Permits51 Per Cap94 Afford89 Employ23 Migr6 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
96	Bakersfield, CA12540	54	NeutralNeutral	—	15	49	39	66	67	85	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price15 Permits49 Per Cap39 Afford66 Employ67 Migr85 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
96	Canton, OH15940	54	NeutralNeutral	—	88	73	12	22	82	47	Watch—	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price88 Permits73 Per Cap12 Afford22 Employ82 Migr47 LiqWatch— ValBalanced— CycleHypersupply Full metro detail →
96	Fort Smith, AR-OK22900	54	NeutralNeutral	—	60	36	29	69	60	68	Stable↓	Balanced—	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price60 Permits36 Per Cap29 Afford69 Employ60 Migr68 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
96	Ogden, UT36260	54	NeutralNeutral	—	51	64	64	41	75	30	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price51 Permits64 Per Cap64 Afford41 Employ75 Migr30 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
96	Wilmington, NC48900	54	NeutralNeutral	—	53	58	100	90	14	7	Stable—	Balanced↓	High	Expansion	—	—	—	Mod	—	›
Structural Drivers Price53 Permits58 Per Cap100 Afford90 Employ14 Migr7 LiqStable— ValBalanced↓ DivergHigh CycleExpansion Full metro detail →
104	Punta Gorda, FL39460	53	NeutralNeutral	—	29	38	99	76	64	14	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price29 Permits38 Per Cap99 Afford76 Employ64 Migr14 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
104	Elkhart, IN21140	53	NeutralNeutral	—	71	12	22	41	95	78	Watch↑	Balanced—	—	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price71 Permits12 Per Cap22 Afford41 Employ95 Migr78 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
104	St. Cloud, MN41060	53	NeutralNeutral	—	43	15	39	44	91	85	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price43 Permits15 Per Cap39 Afford44 Employ91 Migr85 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
104	Louisville/Jefferson County, KY-IN31140	53	NeutralNeutral	—	61	15	46	34	70	93	Stress↓	—	Low	Hypersupply	—	—	—	—	—	›
Structural Drivers Price61 Permits15 Per Cap46 Afford34 Employ70 Migr93 LiqStress↓ DivergLow CycleHypersupply Full metro detail →
104	Johnson City, TN27740	53	NeutralNeutral	—	58	10	50	99	33	70	Stable↑	Balanced↓	Low	Expansion	—	—	—	—	—	›
Structural Drivers Price58 Permits10 Per Cap50 Afford99 Employ33 Migr70 LiqStable↑ ValBalanced↓ DivergLow CycleExpansion Full metro detail →
104	Decatur, AL19460	53	NeutralNeutral	—	94	96	31	39	8	50	Stable↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price94 Permits96 Per Cap31 Afford39 Employ8 Migr50 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
104	Tulsa, OK46140	53	NeutralNeutral	—	76	44	56	59	55	29	Stable↑	Balanced—	Low	Expansion	—	—	—	Con	—	›
Structural Drivers Price76 Permits44 Per Cap56 Afford59 Employ55 Migr29 LiqStable↑ ValBalanced— DivergLow CycleExpansion Full metro detail →
111	Florence, SC22500	52	NeutralNeutral	—	15	81	60	64	25	64	Stable—	Balanced↓	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price15 Permits81 Per Cap60 Afford64 Employ25 Migr64 LiqStable— ValBalanced↓ CycleExpansion Full metro detail →
111	Kansas City, MO-KS28140	52	NeutralNeutral	—	44	68	58	33	36	75	Stable—	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price44 Permits68 Per Cap58 Afford33 Employ36 Migr75 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
111	New Haven, CT35300	52	NeutralNeutral	—	84	81	12	11	26	95	Stress↓	Balanced—	—	Hypersupply	—	—	—	Div	—	›
Structural Drivers Price84 Permits81 Per Cap12 Afford11 Employ26 Migr95 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
111	El Paso, TX21340	52	NeutralNeutral	—	48	46	26	72	30	93	Stable↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price48 Permits46 Per Cap26 Afford72 Employ30 Migr93 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
111	Youngstown, OH49660	52	NeutralNeutral	—	62	35	2	60	88	65	Watch↑	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price62 Permits35 Per Cap2 Afford60 Employ88 Migr65 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
111	Dayton, OH19430	52	NeutralNeutral	—	77	54	28	7	53	92	—	Balanced—	Low	Expansion	—	—	—	Mod	—	›
Structural Drivers Price77 Permits54 Per Cap28 Afford7 Employ53 Migr92 ValBalanced— DivergLow CycleExpansion Full metro detail →
111	State College, PA44300	52	NeutralNeutral	—	67	93	37	35	2	81	Stable↑	Balanced↑	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price67 Permits93 Per Cap37 Afford35 Employ2 Migr81 LiqStable↑ ValBalanced↑ CycleExpansion Full metro detail →
111	Chico, CA17020	52	NeutralNeutral	—	12	58	55	84	59	42	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price12 Permits58 Per Cap55 Afford84 Employ59 Migr42 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
111	San Diego, CA41740	52	NeutralNeutral	—	49	23	38	75	38	88	Stable—	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price49 Permits23 Per Cap38 Afford75 Employ38 Migr88 LiqStable— ValBalanced— CycleExpansion Full metro detail →
111	Savannah, GA42340	52	NeutralNeutral	—	19	42	95	90	34	33	Stress—	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price19 Permits42 Per Cap95 Afford90 Employ34 Migr33 LiqStress— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
111	Palm Bay, FL37340	52	NeutralNeutral	—	35	56	81	89	47	7	Stable—	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price35 Permits56 Per Cap81 Afford89 Employ47 Migr7 LiqStable— ValBalanced— CycleExpansion Full metro detail →
122	Chattanooga, TN-GA16860	51	NeutralNeutral	—	24	61	65	82	52	21	Stress↓	Balanced—	Low	Hypersupply	—	—	—	—	—	›
Structural Drivers Price24 Permits61 Per Cap65 Afford82 Employ52 Migr21 LiqStress↓ ValBalanced— DivergLow CycleHypersupply Full metro detail →
122	Omaha, NE-IA36540	51	NeutralNeutral	—	62	49	77	19	20	81	Stable—	Balanced—	Low	Expansion	—	—	—	Mod	—	›
Structural Drivers Price62 Permits49 Per Cap77 Afford19 Employ20 Migr81 LiqStable— ValBalanced— DivergLow CycleExpansion Full metro detail →
122	Muskegon, MI34740	51	NeutralNeutral	—	38	12	20	96	95	44	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price38 Permits12 Per Cap20 Afford96 Employ95 Migr44 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
122	Sioux Falls, SD-MN43620	51	NeutralNeutral	—	26	78	89	31	58	26	Stable—	Balanced—	—	Expansion	—	—	—	—	—	›
Structural Drivers Price26 Permits78 Per Cap89 Afford31 Employ58 Migr26 LiqStable— ValBalanced— CycleExpansion Full metro detail →
122	Athens, GA12020	51	NeutralNeutral	—	63	8	62	98	8	65	Stress↓	Balanced—	High	Hypersupply	—	—	—	—	—	›
Structural Drivers Price63 Permits8 Per Cap62 Afford98 Employ8 Migr65 LiqStress↓ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
122	Kennewick, WA28420	51	NeutralNeutral	—	21	79	81	24	64	35	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price21 Permits79 Per Cap81 Afford24 Employ64 Migr35 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
128	Harrisburg, PA25420	50	NeutralNeutral	—	81	78	27	11	33	69	Stable—	Balanced—	High	Expansion	—	—	—	Mod	—	›
Structural Drivers Price81 Permits78 Per Cap27 Afford11 Employ33 Migr69 LiqStable— ValBalanced— DivergHigh CycleExpansion Full metro detail →
128	Burlington, NC15500	50	NeutralNeutral	—	71	32	93	46	25	31	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price71 Permits32 Per Cap93 Afford46 Employ25 Migr31 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
128	Cedar Rapids, IA16300	50	NeutralNeutral	—	88	19	40	3	90	63	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price88 Permits19 Per Cap40 Afford3 Employ90 Migr63 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
128	Evansville, IN21780	50	NeutralNeutral	—	50	33	32	35	88	64	Watch↑	Balanced↑	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price50 Permits33 Per Cap32 Afford35 Employ88 Migr64 LiqWatch↑ ValBalanced↑ DivergModerate CycleHypersupply Full metro detail →
128	Hilton Head Island, SC25940	50	NeutralNeutral	—	52	8	92	77	58	10	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price52 Permits8 Per Cap92 Afford77 Employ58 Migr10 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
128	Kingsport, TN-VA28700	50	NeutralNeutral	—	43	32	34	95	59	40	Stable↑	Balanced—	High	Expansion	—	—	—	Con	—	›
Structural Drivers Price43 Permits32 Per Cap34 Afford95 Employ59 Migr40 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
128	Kingston, NY28740	50	NeutralNeutral	—	4	97	41	83	64	14	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price4 Permits97 Per Cap41 Afford83 Employ64 Migr14 LiqStable— ValBalanced— CycleExpansion Full metro detail →
128	Lafayette, IN29200	50	NeutralNeutral	—	56	1	84	32	42	88	Stress↓	Balanced—	—	Hypersupply	—	—	—	—	—	›
Structural Drivers Price56 Permits1 Per Cap84 Afford32 Employ42 Migr88 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
128	New Orleans, LA35380	50	NeutralNeutral	—	24	33	14	73	56	97	Stable—	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price24 Permits33 Per Cap14 Afford73 Employ56 Migr97 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
128	Spartanburg, SC43900	50	NeutralNeutral	—	32	87	96	65	3	17	Stress↑	Balanced—	—	Recession	—	—	—	Con	—	›
Structural Drivers Price32 Permits87 Per Cap96 Afford65 Employ3 Migr17 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
128	Spokane, WA44060	50	NeutralNeutral	—	16	50	64	62	83	24	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price16 Permits50 Per Cap64 Afford62 Employ83 Migr24 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
128	Springfield, MO44180	50	NeutralNeutral	—	70	64	52	48	10	57	Stable↓	Balanced↓	Low	Recovery	—	—	—	—	—	›
Structural Drivers Price70 Permits64 Per Cap52 Afford48 Employ10 Migr57 LiqStable↓ ValBalanced↓ DivergLow CycleRecovery Full metro detail →
128	Traverse City, MI45900	50	NeutralNeutral	—	44	25	73	88	29	38	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price44 Permits25 Per Cap73 Afford88 Employ29 Migr38 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
128	Yakima, WA49420	50	NeutralNeutral	—	34	58	27	54	45	79	Watch↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price34 Permits58 Per Cap27 Afford54 Employ45 Migr79 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
142	Bangor, ME12620	49	NeutralNeutral	—	26	40	40	85	46	59	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price26 Permits40 Per Cap40 Afford85 Employ46 Migr59 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
142	Prescott Valley, AZ39150	49	NeutralNeutral	—	28	5	63	92	96	11	—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price28 Permits5 Per Cap63 Afford92 Employ96 Migr11 ValBalanced— CycleExpansion Full metro detail →
142	Fargo, ND-MN22020	49	NeutralNeutral	—	93	9	55	47	34	58	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price93 Permits9 Per Cap55 Afford47 Employ34 Migr58 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
142	Kiryas Joel, NY28880	49	NeutralNeutral	—	57	68	38	17	89	27	—	—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price57 Permits68 Per Cap38 Afford17 Employ89 Migr27 CycleExpansion Full metro detail →
142	Augusta, GA-SC12260	49	NeutralNeutral	—	41	20	67	36	72	57	Stress↓	Balanced↓	Moderate	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price41 Permits20 Per Cap67 Afford36 Employ72 Migr57 LiqStress↓ ValBalanced↓ DivergModerate CycleHypersupply Full metro detail →
142	Albuquerque, NM10740	49	NeutralNeutral	—	65	26	35	18	82	67	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price65 Permits26 Per Cap35 Afford18 Employ82 Migr67 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
142	St. Louis, MO-IL41180	49	NeutralNeutral	—	66	55	24	13	39	98	Watch↑	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price66 Permits55 Per Cap24 Afford13 Employ39 Migr98 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
142	Jackson, MI27100	49	NeutralNeutral	—	77	71	15	58	21	52	Watch↑	Balanced↓	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price77 Permits71 Per Cap15 Afford58 Employ21 Migr52 LiqWatch↑ ValBalanced↓ CycleHypersupply Full metro detail →
142	Midland, TX33260	49	NeutralNeutral	—	86	2	57	79	0	68	Stable↓	Compressed—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price86 Permits2 Per Cap57 Afford79 Employ0 Migr68 LiqStable↓ ValCompressed— CycleRecovery Full metro detail →
142	Gulfport, MS25060	49	NeutralNeutral	—	5	63	83	61	42	39	Stable—	Balanced↑	Low	Expansion	—	—	—	Con	—	›
Structural Drivers Price5 Permits63 Per Cap83 Afford61 Employ42 Migr39 LiqStable— ValBalanced↑ DivergLow CycleExpansion Full metro detail →
142	Naples, FL34940	49	NeutralNeutral	—	51	50	83	92	15	1	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price51 Permits50 Per Cap83 Afford92 Employ15 Migr1 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
142	Montgomery, AL33860	49	NeutralNeutral	—	61	66	23	3	52	90	Stable↓	Balanced—	Low	Recovery	—	—	—	—	—	›
Structural Drivers Price61 Permits66 Per Cap23 Afford3 Employ52 Migr90 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
142	Reading, PA39740	49	NeutralNeutral	—	85	98	10	23	17	60	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price85 Permits98 Per Cap10 Afford23 Employ17 Migr60 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
155	Barnstable Town, MA12700	48	NeutralNeutral	—	81	4	22	98	69	15	Stable↑	Compressed—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price81 Permits4 Per Cap22 Afford98 Employ69 Migr15 LiqStable↑ ValCompressed— CycleExpansion Full metro detail →
155	Erie, PA21500	48	NeutralNeutral	—	95	4	1	55	57	75	Stable↓	Compressed—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price95 Permits4 Per Cap1 Afford55 Employ57 Migr75 LiqStable↓ ValCompressed— CycleRecovery Full metro detail →
155	North Port, FL35840	48	NeutralNeutral	—	10	66	100	90	25	0	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price10 Permits66 Per Cap100 Afford90 Employ25 Migr0 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
155	Topeka, KS45820	48	NeutralNeutral	—	82	28	26	26	60	65	Stable↑	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price82 Permits28 Per Cap26 Afford26 Employ60 Migr65 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
155	Charlottesville, VA16820	48	NeutralNeutral	—	90	34	69	29	4	63	Stress↑	Balanced—	Moderate	Recession	—	—	—	Con	—	›
Structural Drivers Price90 Permits34 Per Cap69 Afford29 Employ4 Migr63 LiqStress↑ ValBalanced— DivergModerate CycleRecession Full metro detail →
155	Jackson, MS27140	48	NeutralNeutral	—	5	94	36	10	61	85	Stable↓	Balanced—	Low	Recovery	—	—	—	—	—	›
Structural Drivers Price5 Permits94 Per Cap36 Afford10 Employ61 Migr85 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
155	Santa Maria, CA42200	48	NeutralNeutral	—	28	99	36	74	14	36	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price28 Permits99 Per Cap36 Afford74 Employ14 Migr36 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
155	Winston, NC49180	48	NeutralNeutral	—	49	53	75	58	19	31	Watch—	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price49 Permits53 Per Cap75 Afford58 Employ19 Migr31 LiqWatch— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
155	Scranton, PA42540	48	NeutralNeutral	—	89	47	6	50	48	49	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price89 Permits47 Per Cap6 Afford50 Employ48 Migr49 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
155	San Luis Obispo, CA42020	48	NeutralNeutral	—	32	71	36	69	64	14	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price32 Permits71 Per Cap36 Afford69 Employ64 Migr14 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
165	Columbus, GA-AL17980	47	NeutralNeutral	—	23	47	16	42	80	76	Stress↓	Balanced—	High	Hypersupply	—	—	—	—	—	›
Structural Drivers Price23 Permits47 Per Cap16 Afford42 Employ80 Migr76 LiqStress↓ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
165	Corpus Christi, TX18580	47	NeutralNeutral	—	9	37	56	56	50	76	Stable—	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price9 Permits37 Per Cap56 Afford56 Employ50 Migr76 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
165	Mobile, AL33660	47	NeutralNeutral	—	46	21	34	71	27	83	Stable—	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price46 Permits21 Per Cap34 Afford71 Employ27 Migr83 LiqStable— ValBalanced— CycleExpansion Full metro detail →
165	Monroe, LA33740	47	NeutralNeutral	—	14	79	22	60	41	64	Stable—	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price14 Permits79 Per Cap22 Afford60 Employ41 Migr64 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
165	Anchorage, AK11260	47	NeutralNeutral	—	71	45	4	2	83	78	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price71 Permits45 Per Cap4 Afford2 Employ83 Migr78 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
165	Lincoln, NE30700	47	NeutralNeutral	—	27	30	71	34	40	80	Watch↑	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price27 Permits30 Per Cap71 Afford34 Employ40 Migr80 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
165	Greeley, CO24540	47	NeutralNeutral	—	9	69	91	22	80	10	Stable—	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price9 Permits69 Per Cap91 Afford22 Employ80 Migr10 LiqStable— ValBalanced— CycleExpansion Full metro detail →
165	Yuba City, CA49700	47	NeutralNeutral	—	2	86	57	40	58	38	Stable↑	Balanced↑	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price2 Permits86 Per Cap57 Afford40 Employ58 Migr38 LiqStable↑ ValBalanced↑ CycleExpansion Full metro detail →
165	Beaumont, TX13140	47	NeutralNeutral	—	85	28	24	49	13	83	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price85 Permits28 Per Cap24 Afford49 Employ13 Migr83 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
174	Fresno, CA23420	46	NeutralNeutral	—	25	43	33	70	34	72	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price25 Permits43 Per Cap33 Afford70 Employ34 Migr72 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
174	Charleston, WV16620	46	NeutralNeutral	—	99	6	0	20	85	67	Stable↓	Compressed—	—	Recovery	—	—	—	—	—	›
Structural Drivers Price99 Permits6 Per Cap0 Afford20 Employ85 Migr67 LiqStable↓ ValCompressed— CycleRecovery Full metro detail →
174	Amherst Town, MA11200	46	NeutralNeutral	—	44	91	25	36	10	71	—	—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price44 Permits91 Per Cap25 Afford36 Employ10 Migr71 CycleExpansion Full metro detail →
174	Manchester, NH31700	46	NeutralNeutral	—	74	24	12	36	72	55	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price74 Permits24 Per Cap12 Afford36 Employ72 Migr55 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
174	Bloomington, IL14010	46	NeutralNeutral	—	96	1	5	1	92	82	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price96 Permits1 Per Cap5 Afford1 Employ92 Migr82 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
174	Peoria, IL37900	46	NeutralNeutral	—	87	59	1	4	64	62	Stable↓	Balanced—	Low	Recovery	—	—	—	—	—	›
Structural Drivers Price87 Permits59 Per Cap1 Afford4 Employ64 Migr62 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
174	Green Bay, WI24580	46	NeutralNeutral	—	72	41	65	27	37	34	Stress↑	Balanced—	High	Recession	—	—	—	—	—	›
Structural Drivers Price72 Permits41 Per Cap65 Afford27 Employ37 Migr34 LiqStress↑ ValBalanced— DivergHigh CycleRecession Full metro detail →
174	Oklahoma City, OK36420	46	NeutralNeutral	—	35	61	67	48	35	27	Stable—	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price35 Permits61 Per Cap67 Afford48 Employ35 Migr27 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
174	Trenton, NJ45940	46	NeutralNeutral	—	80	4	25	6	67	94	Watch↑	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price80 Permits4 Per Cap25 Afford6 Employ67 Migr94 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
174	Clarksville, TN-KY17300	46	NeutralNeutral	—	15	26	82	70	58	26	Stable—	Balanced—	—	Expansion	—	—	—	—	—	›
Structural Drivers Price15 Permits26 Per Cap82 Afford70 Employ58 Migr26 LiqStable— ValBalanced— CycleExpansion Full metro detail →
174	Colorado Springs, CO17820	46	NeutralNeutral	—	8	89	81	30	51	18	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price8 Permits89 Per Cap81 Afford30 Employ51 Migr18 LiqStable— ValBalanced— CycleExpansion Full metro detail →
185	Kalamazoo, MI28020	45	NeutralNeutral	—	31	36	13	32	78	80	Watch↑	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price31 Permits36 Per Cap13 Afford32 Employ78 Migr80 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
185	Houma, LA26380	45	NeutralNeutral	—	35	34	31	52	44	75	Stable—	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price35 Permits34 Per Cap31 Afford52 Employ44 Migr75 LiqStable— ValBalanced— CycleExpansion Full metro detail →
185	Tyler, TX46340	45	NeutralNeutral	—	62	84	28	45	17	32	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price62 Permits84 Per Cap28 Afford45 Employ17 Migr32 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
185	Waco, TX47380	45	NeutralNeutral	—	3	33	59	91	43	39	Stable↓	Balanced—	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price3 Permits33 Per Cap59 Afford91 Employ43 Migr39 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
185	Tucson, AZ46060	45	NeutralNeutral	—	12	67	56	73	51	11	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price12 Permits67 Per Cap56 Afford73 Employ51 Migr11 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
185	Jacksonville, FL27260	45	NeutralNeutral	—	18	26	78	84	61	2	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price18 Permits26 Per Cap78 Afford84 Employ61 Migr2 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
185	El Centro, CA20940	45	NeutralNeutral	—	17	74	8	94	5	74	Watch↑	Balanced—	—	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price17 Permits74 Per Cap8 Afford94 Employ5 Migr74 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
185	Fayetteville, AR22220	45	NeutralNeutral	—	47	48	99	58	4	12	Stress↓	Balanced—	—	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price47 Permits48 Per Cap99 Afford58 Employ4 Migr12 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
185	Davenport, IA-IL19340	45	NeutralNeutral	—	69	11	10	20	93	69	Stable—	Balanced—	Low	Expansion	—	—	—	Mod	—	›
Structural Drivers Price69 Permits11 Per Cap10 Afford20 Employ93 Migr69 LiqStable— ValBalanced— DivergLow CycleExpansion Full metro detail →
194	San Jose, CA41940	44	NeutralNeutral	—	14	93	43	1	11	100	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price14 Permits93 Per Cap43 Afford1 Employ11 Migr100 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
194	Hartford, CT25540	44	NeutralNeutral	—	92	41	9	2	28	95	Stable—	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price92 Permits41 Per Cap9 Afford2 Employ28 Migr95 LiqStable— ValBalanced— CycleExpansion Full metro detail →
194	Port St. Lucie, FL38940	44	NeutralNeutral	—	22	14	85	91	47	4	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price22 Permits14 Per Cap85 Afford91 Employ47 Migr4 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
194	Olympia, WA36500	44	NeutralNeutral	—	16	82	68	26	50	23	Stress↓	Balanced—	—	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price16 Permits82 Per Cap68 Afford26 Employ50 Migr23 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
194	Nashville, TN34980	44	NeutralNeutral	—	32	23	85	80	41	3	Stable—	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price32 Permits23 Per Cap85 Afford80 Employ41 Migr3 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
199	Binghamton, NY13780	43	NeutralNeutral	—	7	55	15	43	64	72	Watch↑	Balanced↓	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price7 Permits55 Per Cap15 Afford43 Employ64 Migr72 LiqWatch↑ ValBalanced↓ CycleHypersupply Full metro detail →
199	Lubbock, TX31180	43	NeutralNeutral	—	36	39	76	39	27	39	Stable—	Balanced—	—	Expansion	—	—	—	—	—	›
Structural Drivers Price36 Permits39 Per Cap76 Afford39 Employ27 Migr39 LiqStable— ValBalanced— CycleExpansion Full metro detail →
199	Minneapolis, MN-WI33460	43	NeutralNeutral	—	48	37	48	8	15	100	Stress↑	Balanced—	Moderate	Recession	—	—	—	Mod	—	›
Structural Drivers Price48 Permits37 Per Cap48 Afford8 Employ15 Migr100 LiqStress↑ ValBalanced— DivergModerate CycleRecession Full metro detail →
199	Lake Havasu City, AZ29420	43	NeutralNeutral	—	3	0	54	99	87	17	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price3 Permits0 Per Cap54 Afford99 Employ87 Migr17 LiqStable— ValBalanced— CycleExpansion Full metro detail →
199	Norwich, CT35980	43	NeutralNeutral	—	98	67	14	15	20	42	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price98 Permits67 Per Cap14 Afford15 Employ20 Migr42 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
199	Ocala, FL36100	43	NeutralNeutral	—	13	24	98	94	21	9	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price13 Permits24 Per Cap98 Afford94 Employ21 Migr9 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
199	Greenville, SC24860	43	NeutralNeutral	—	43	42	87	74	6	8	Stress↓	Balanced—	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price43 Permits42 Per Cap87 Afford74 Employ6 Migr8 LiqStress↓ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
199	Phoenix, AZ38060	43	NeutralNeutral	—	22	39	79	87	29	0	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price22 Permits39 Per Cap79 Afford87 Employ29 Migr0 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
199	Baltimore, MD12580	43	NeutralNeutral	—	41	16	17	4	79	99	Stress↑	Balanced—	High	Recession	—	—	—	Mod	—	›
Structural Drivers Price41 Permits16 Per Cap17 Afford4 Employ79 Migr99 LiqStress↑ ValBalanced— DivergHigh CycleRecession Full metro detail →
199	Baton Rouge, LA12940	43	NeutralNeutral	—	45	46	54	28	0	86	Stable—	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price45 Permits46 Per Cap54 Afford28 Employ0 Migr86 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
199	Santa Cruz, CA42100	43	NeutralNeutral	—	31	97	30	25	48	28	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price31 Permits97 Per Cap30 Afford25 Employ48 Migr28 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
210	Deltona, FL19660	42	NeutralNeutral	—	33	19	72	93	31	5	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price33 Permits19 Per Cap72 Afford93 Employ31 Migr5 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
210	Des Moines, IA19780	42	NeutralNeutral	—	40	27	76	5	78	25	Stable—	Balanced—	High	Expansion	—	—	—	Mod	—	›
Structural Drivers Price40 Permits27 Per Cap76 Afford5 Employ78 Migr25 LiqStable— ValBalanced— DivergHigh CycleExpansion Full metro detail →
210	Saginaw, MI40980	42	NeutralNeutral	—	57	47	3	29	43	73	Stress↓	Balanced↓	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price57 Permits47 Per Cap3 Afford29 Employ43 Migr73 LiqStress↓ ValBalanced↓ CycleHypersupply Full metro detail →
210	Killeen, TX28660	42	NeutralNeutral	—	21	24	72	52	61	22	Stable↑	Balanced—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price21 Permits24 Per Cap72 Afford52 Employ61 Migr22 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
210	Worcester, MA49340	42	NeutralNeutral	—	46	61	20	27	6	93	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price46 Permits61 Per Cap20 Afford27 Employ6 Migr93 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
210	Merced, CA32900	42	NeutralNeutral	—	3	42	16	86	40	62	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price3 Permits42 Per Cap16 Afford86 Employ40 Migr62 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
210	Albany, NY10580	42	NeutralNeutral	—	89	18	21	17	51	54	Stable↓	—	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price89 Permits18 Per Cap21 Afford17 Employ51 Migr54 LiqStable↓ DivergHigh CycleRecovery Full metro detail →
210	Toledo, OH45780	42	NeutralNeutral	—	40	21	3	14	85	87	Stable↓	Balanced—	Low	Recovery	—	—	—	Mod	—	›
Structural Drivers Price40 Permits21 Per Cap3 Afford14 Employ85 Migr87 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
210	Lake Charles, LA29340	42	NeutralNeutral	—	88	15	32	30	23	66	Stable↓	Balanced↓	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price88 Permits15 Per Cap32 Afford30 Employ23 Migr66 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
210	Springfield, IL44100	42	NeutralNeutral	—	67	14	5	0	97	68	Stable↑	Balanced↑	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price67 Permits14 Per Cap5 Afford0 Employ97 Migr68 LiqStable↑ ValBalanced↑ CycleExpansion Full metro detail →
210	Bellingham, WA13380	42	NeutralNeutral	—	19	22	58	85	46	22	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price19 Permits22 Per Cap58 Afford85 Employ46 Migr22 LiqStable— ValBalanced— CycleExpansion Full metro detail →
221	Huntsville, AL26620	41	NeutralNeutral	—	58	65	87	9	7	19	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price58 Permits65 Per Cap87 Afford9 Employ7 Migr19 LiqStable— ValBalanced— CycleExpansion Full metro detail →
221	Lakeland, FL29460	41	NeutralNeutral	—	34	10	86	95	18	4	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price34 Permits10 Per Cap86 Afford95 Employ18 Migr4 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
221	Houston, TX26420	41	NeutralNeutral	—	33	29	82	67	18	15	Stable—	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price33 Permits29 Per Cap82 Afford67 Employ18 Migr15 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
221	Longview, TX30980	41	NeutralNeutral	—	44	38	4	78	36	44	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price44 Permits38 Per Cap4 Afford78 Employ36 Migr44 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
221	Dothan, AL20020	41	NeutralNeutral	—	12	74	49	34	19	58	Stable↑	Balanced—	High	Expansion	—	—	—	—	—	›
Structural Drivers Price12 Permits74 Per Cap49 Afford34 Employ19 Migr58 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
226	Tuscaloosa, AL46220	40	BelowBelow Average	—	0	56	23	57	24	78	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price0 Permits56 Per Cap23 Afford57 Employ24 Migr78 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
226	Reno, NV39900	40	BelowBelow Average	—	68	21	67	42	31	10	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price68 Permits21 Per Cap67 Afford42 Employ31 Migr10 LiqStable— ValBalanced— CycleExpansion Full metro detail →
226	Fort Collins, CO22660	40	BelowBelow Average	—	8	71	74	53	12	21	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price8 Permits71 Per Cap74 Afford53 Employ12 Migr21 LiqStable— ValBalanced— CycleExpansion Full metro detail →
226	Orlando, FL36740	40	BelowBelow Average	—	25	13	80	85	33	3	Stable↑	Balanced—	High	Expansion	—	—	—	Div	—	›
Structural Drivers Price25 Permits13 Per Cap80 Afford85 Employ33 Migr3 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
226	Panama City, FL37460	40	BelowBelow Average	—	7	32	91	80	7	23	Stable↑	Balanced—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price7 Permits32 Per Cap91 Afford80 Employ7 Migr23 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
231	Lafayette, LA29180	39	BelowBelow Average	—	42	35	58	57	15	29	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price42 Permits35 Per Cap58 Afford57 Employ15 Migr29 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
231	Provo, UT39340	39	BelowBelow Average	—	47	27	86	32	26	15	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price47 Permits27 Per Cap86 Afford32 Employ26 Migr15 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
233	Flint, MI22420	38	BelowBelow Average	—	49	65	7	29	24	54	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price49 Permits65 Per Cap7 Afford29 Employ24 Migr54 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
233	Myrtle Beach, SC34820	38	BelowBelow Average	—	17	25	99	82	1	4	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price17 Permits25 Per Cap99 Afford82 Employ1 Migr4 LiqStable— ValBalanced— CycleExpansion Full metro detail →
233	Hagerstown, MD-WV25180	38	BelowBelow Average	—	4	43	62	14	87	20	Stable↓	Balanced—	Low	Recovery	—	—	—	Mod	—	›
Structural Drivers Price4 Permits43 Per Cap62 Afford14 Employ87 Migr20 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
236	St. George, UT41100	37	BelowBelow Average	—	11	68	98	26	2	18	Stable—	Balanced↑	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price11 Permits68 Per Cap98 Afford26 Employ2 Migr18 LiqStable— ValBalanced↑ CycleExpansion Full metro detail →
236	Joplin, MO-KS27900	37	BelowBelow Average	—	18	39	40	63	8	52	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price18 Permits39 Per Cap40 Afford63 Employ8 Migr52 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
236	Santa Rosa, CA42220	37	BelowBelow Average	—	28	96	43	12	32	12	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price28 Permits96 Per Cap43 Afford12 Employ32 Migr12 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
239	Las Vegas, NV29820	36	BelowBelow Average	—	60	31	58	53	14	1	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price60 Permits31 Per Cap58 Afford53 Employ14 Migr1 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
239	Cape Coral, FL15980	36	BelowBelow Average	—	1	9	97	55	49	2	Stable—	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price1 Permits9 Per Cap97 Afford55 Employ49 Migr2 LiqStable— ValBalanced— CycleExpansion Full metro detail →
239	Pueblo, CO39380	36	BelowBelow Average	—	7	0	1	88	74	46	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price7 Permits0 Per Cap1 Afford88 Employ74 Migr46 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
239	Las Cruces, NM29740	36	BelowBelow Average	—	31	29	42	54	12	50	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price31 Permits29 Per Cap42 Afford54 Employ12 Migr50 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
239	Boulder, CO14500	36	BelowBelow Average	—	4	12	62	38	74	26	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price4 Permits12 Per Cap62 Afford38 Employ74 Migr26 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
239	Austin, TX12420	36	BelowBelow Average	—	18	17	90	66	22	1	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Div	—	›
Structural Drivers Price18 Permits17 Per Cap90 Afford66 Employ22 Migr1 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
239	Vineland, NJ47220	36	BelowBelow Average	—	37	46	8	64	9	53	Stable—	Balanced↓	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price37 Permits46 Per Cap8 Afford64 Employ9 Migr53 LiqStable— ValBalanced↓ CycleExpansion Full metro detail →
239	Akron, OH10420	36	BelowBelow Average	—	42	7	4	9	69	88	Stable—	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price42 Permits7 Per Cap4 Afford9 Employ69 Migr88 LiqStable— ValBalanced— CycleExpansion Full metro detail →
247	Denver, CO19740	35	BelowBelow Average	—	6	38	61	35	60	11	Stable↑	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price6 Permits38 Per Cap61 Afford35 Employ60 Migr11 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
247	Columbia, MO17860	35	BelowBelow Average	—	39	14	57	15	7	76	Stable↓	Balanced—	—	Recovery	—	—	—	—	—	›
Structural Drivers Price39 Permits14 Per Cap57 Afford15 Employ7 Migr76 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
247	Bremerton, WA14740	35	BelowBelow Average	—	12	7	53	20	99	19	Stable↑	Balanced—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price12 Permits7 Per Cap53 Afford20 Employ99 Migr19 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
247	Riverside, CA40140	35	BelowBelow Average	—	25	29	33	81	35	7	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price25 Permits29 Per Cap33 Afford81 Employ35 Migr7 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
247	Hattiesburg, MS25620	35	BelowBelow Average	—	33	10	1	68	43	53	Stable↓	Balanced—	High	Recovery	—	—	—	Con	—	›
Structural Drivers Price33 Permits10 Per Cap1 Afford68 Employ43 Migr53 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
247	Slidell, LA43640	35	BelowBelow Average	—	37	69	50	4	22	28	—	—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price37 Permits69 Per Cap50 Afford4 Employ22 Migr28 CycleExpansion Full metro detail →
247	Oxnard, CA37100	35	BelowBelow Average	—	1	51	15	15	79	51	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price1 Permits51 Per Cap15 Afford15 Employ79 Migr51 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
254	Dover, DE20100	34	BelowBelow Average	—	0	53	76	10	32	30	Stable↑	Balanced↓	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price0 Permits53 Per Cap76 Afford10 Employ32 Migr30 LiqStable↑ ValBalanced↓ CycleExpansion Full metro detail →
254	Florence, AL22520	34	BelowBelow Average	—	69	6	14	50	17	48	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price69 Permits6 Per Cap14 Afford50 Employ17 Migr48 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
256	Allentown, PA-NJ10900	32	BelowBelow Average	—	64	45	25	17	18	21	Stable↑	Balanced—	High	Expansion	—	—	—	Mod	—	›
Structural Drivers Price64 Permits45 Per Cap25 Afford17 Employ18 Migr21 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
256	Charlotte, NC-SC16740	32	BelowBelow Average	—	22	22	77	53	12	5	Watch—	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price22 Permits22 Per Cap77 Afford53 Employ12 Migr5 LiqWatch— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
258	Raleigh, NC39580	31	BelowBelow Average	—	20	53	96	5	5	6	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Div	—	›
Structural Drivers Price20 Permits53 Per Cap96 Afford5 Employ5 Migr6 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
258	Sacramento, CA40900	31	BelowBelow Average	—	15	57	54	19	35	8	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price15 Permits57 Per Cap54 Afford19 Employ35 Migr8 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
258	Jefferson City, MO27620	31	BelowBelow Average	—	29	40	10	38	11	56	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price29 Permits40 Per Cap10 Afford38 Employ11 Migr56 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
261	Little Rock, AR30780	30	BelowBelow Average	—	29	19	44	21	24	45	Watch↑	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price29 Permits19 Per Cap44 Afford21 Employ24 Migr45 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
261	San Antonio, TX41700	30	BelowBelow Average	—	6	17	47	56	47	6	Stable—	Balanced—	Low	Expansion	—	—	—	Con	—	›
Structural Drivers Price6 Permits17 Per Cap47 Afford56 Employ47 Migr6 LiqStable— ValBalanced— DivergLow CycleExpansion Full metro detail →
263	Lancaster, PA29540	29	BelowBelow Average	—	86	5	18	24	6	37	Stable—	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price86 Permits5 Per Cap18 Afford24 Employ6 Migr37 LiqStable— ValBalanced— CycleExpansion Full metro detail →
263	Kahului, HI27980	29	BelowBelow Average	—	10	3	44	38	11	67	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price10 Permits3 Per Cap44 Afford38 Employ11 Migr67 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
263	Lexington Park, MD30500	29	BelowBelow Average	—	21	6	11	0	99	36	—	—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price21 Permits6 Per Cap11 Afford0 Employ99 Migr36 CycleExpansion Full metro detail →
266	York, PA49620	28	BelowBelow Average	—	75	7	28	10	22	24	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price75 Permits7 Per Cap28 Afford10 Employ22 Migr24 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
266	Waterbury, CT47930	28	BelowBelow Average	—	54	17	6	13	39	42	—	—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price54 Permits17 Per Cap6 Afford13 Employ39 Migr42 CycleExpansion Full metro detail →
268	Chambersburg, PA16540	26	BelowBelow Average	—	10	18	60	25	1	43	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price10 Permits18 Per Cap60 Afford25 Employ1 Migr43 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
268	Stockton, CA44700	26	BelowBelow Average	—	2	16	37	16	76	9	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price2 Permits16 Per Cap37 Afford16 Employ76 Migr9 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
268	Redding, CA39820	26	BelowBelow Average	—	79	1	3	44	1	31	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price79 Permits1 Per Cap3 Afford44 Employ1 Migr31 LiqStable— ValBalanced— CycleExpansion Full metro detail →
271	Bridgeport, CT14860	24	BelowBelow Average	—	83	3	20	1	22	13	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price83 Permits3 Per Cap20 Afford1 Employ22 Migr13 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
272	Monroe, MI33780	22	BelowBelow Average	—	5	28	9	6	37	45	Stable↓	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price5 Permits28 Per Cap9 Afford6 Employ37 Migr45 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
273	Vallejo, CA46700	21	BelowBelow Average	—	8	11	11	16	56	25	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price8 Permits11 Per Cap11 Afford16 Employ56 Migr25 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →

273 of 273 metros shown