U.S. Metro Housing Market Rankings

December 2025 · 287 metros scored

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

28 of 287metros

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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
6	Appleton, WI11540	70	ElevatedElevated	▲ 21	88	97	58	18	74	84	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price88 Permits97 Per Cap58 Afford18 Employ74 Migr84 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
8	Champaign, IL16580	69	ElevatedElevated	▲ 3	65	92	47	36	82	90	Stress↑	Balanced—	Low	Recession	—	—	—	Mod	—	›
Structural Drivers Price65 Permits92 Per Cap47 Afford36 Employ82 Migr90 LiqStress↑ ValBalanced— DivergLow CycleRecession Full metro detail →
13	Olympia, WA36500	67	ElevatedElevated	▲ 21	93	90	66	31	98	23	Stress↑	Balanced—	—	Recession	—	—	—	Con	—	›
Structural Drivers Price93 Permits90 Per Cap66 Afford31 Employ98 Migr23 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
13	Valdosta, GA46660	67	ElevatedElevated	▲ 12	84	35	70	63	98	51	Stress↑	Balanced—	—	Recession	—	—	—	—	—	›
Structural Drivers Price84 Permits35 Per Cap70 Afford63 Employ98 Migr51 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
23	Lincoln, NE30700	65	ElevatedElevated	▲ 11	61	79	76	36	59	79	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price61 Permits79 Per Cap76 Afford36 Employ59 Migr79 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
26	Bangor, ME12620	64	ElevatedElevated	▼ 4	42	66	37	85	95	59	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price42 Permits66 Per Cap37 Afford85 Employ95 Migr59 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
69	Oshkosh, WI36780	56	NeutralNeutral	▼ 10	82	47	47	48	59	56	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price82 Permits47 Per Cap47 Afford48 Employ59 Migr56 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
76	Greenville, SC24860	55	NeutralNeutral	▲ 1	56	49	89	74	55	8	Stress—	Balanced—	Moderate	Recession	—	—	—	Mod	—	›
Structural Drivers Price56 Permits49 Per Cap89 Afford74 Employ55 Migr8 LiqStress— ValBalanced— DivergModerate CycleRecession Full metro detail →
76	Athens, GA12020	55	NeutralNeutral	▼ 13	14	10	69	98	76	64	Stress↑	Balanced—	High	Recession	—	—	—	—	—	›
Structural Drivers Price14 Permits10 Per Cap69 Afford98 Employ76 Migr64 LiqStress↑ ValBalanced— DivergHigh CycleRecession Full metro detail →
97	Charlottesville, VA16820	53	NeutralNeutral	▲ 13	59	64	70	28	36	63	Stress—	Balanced—	Moderate	Recession	—	—	—	Con	—	›
Structural Drivers Price59 Permits64 Per Cap70 Afford28 Employ36 Migr63 LiqStress— ValBalanced— DivergModerate CycleRecession Full metro detail →
109	Rockford, IL40420	52	NeutralNeutral	▼ 5	92	69	6	5	82	60	Stress↑	Balanced↓	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price92 Permits69 Per Cap6 Afford5 Employ82 Migr60 LiqStress↑ ValBalanced↓ CycleRecession Full metro detail →
109	San Jose, CA41940	52	NeutralNeutral	▲ 14	11	91	38	3	71	100	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price11 Permits91 Per Cap38 Afford3 Employ71 Migr100 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
133	Kahului, HI27980	50	NeutralNeutral	▼ 8	84	44	56	46	2	66	Watch—	Compressed—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price84 Permits44 Per Cap56 Afford46 Employ2 Migr66 LiqWatch— ValCompressed— CycleRecession Full metro detail →
133	Odessa, TX36220	50	NeutralNeutral	▼ 3	40	38	66	74	8	77	Stress↑	Balanced—	—	Recession	—	—	—	Div	—	›
Structural Drivers Price40 Permits38 Per Cap66 Afford74 Employ8 Migr77 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
148	Trenton, NJ45940	49	NeutralNeutral	▼ 16	72	7	50	5	68	94	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price72 Permits7 Per Cap50 Afford5 Employ68 Migr94 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
158	Merced, CA32900	48	NeutralNeutral	▲ 9	2	93	30	90	12	62	Stress↑	Balanced↑	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price2 Permits93 Per Cap30 Afford90 Employ12 Migr62 LiqStress↑ ValBalanced↑ CycleRecession Full metro detail →
158	Roanoke, VA40220	48	NeutralNeutral	▼ 16	71	1	18	51	79	68	Stress↓	Balanced—	Moderate	Recession	—	—	—	—	—	›
Structural Drivers Price71 Permits1 Per Cap18 Afford51 Employ79 Migr68 LiqStress↓ ValBalanced— DivergModerate CycleRecession Full metro detail →
169	Janesville, WI27500	47	NeutralNeutral	▼ 26	77	5	26	55	76	41	Watch↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price77 Permits5 Per Cap26 Afford55 Employ76 Migr41 LiqWatch↑ ValBalanced— CycleRecession Full metro detail →
212	Augusta, GA-SC12260	42	NeutralNeutral	▼ 10	53	22	70	38	15	57	Stress↑	Balanced—	Low	Recession	—	—	—	Con	—	›
Structural Drivers Price53 Permits22 Per Cap70 Afford38 Employ15 Migr57 LiqStress↑ ValBalanced— DivergLow CycleRecession Full metro detail →
223	Warner Robins, GA47580	41	NeutralNeutral	▼ 14	6	13	74	6	95	50	Stress↑	Balanced↓	—	Recession	—	—	—	Con	—	›
Structural Drivers Price6 Permits13 Per Cap74 Afford6 Employ95 Migr50 LiqStress↑ ValBalanced↓ CycleRecession Full metro detail →
229	Toledo, OH45780	40	BelowBelow Average	0	68	3	3	14	64	87	Stress—	Balanced—	High	Recession	—	—	—	Mod	—	›
Structural Drivers Price68 Permits3 Per Cap3 Afford14 Employ64 Migr87 LiqStress— ValBalanced— DivergHigh CycleRecession Full metro detail →
234	Worcester, MA49340	39	BelowBelow Average	▼ 23	47	11	18	29	37	93	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price47 Permits11 Per Cap18 Afford29 Employ37 Migr93 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
239	Killeen, TX28660	38	BelowBelow Average	▼ 9	5	22	73	54	53	22	Stress↑	Balanced—	High	Recession	—	—	—	Con	—	›
Structural Drivers Price5 Permits22 Per Cap73 Afford54 Employ53 Migr22 LiqStress↑ ValBalanced— DivergHigh CycleRecession Full metro detail →
245	Asheville, NC11700	37	BelowBelow Average	▼ 14	8	7	82	99	13	13	Stress↓	Balanced—	High	Recession	—	—	—	Mod	—	›
Structural Drivers Price8 Permits7 Per Cap82 Afford99 Employ13 Migr13 LiqStress↓ ValBalanced— DivergHigh CycleRecession Full metro detail →
252	Green Bay, WI24580	35	BelowBelow Average	▼ 26	66	18	53	26	13	34	Stress↑	Balanced↓	High	Recession	—	—	—	—	—	›
Structural Drivers Price66 Permits18 Per Cap53 Afford26 Employ13 Migr34 LiqStress↑ ValBalanced↓ DivergHigh CycleRecession Full metro detail →
252	Salem, OR41420	35	BelowBelow Average	▼ 3	34	26	41	70	3	36	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price34 Permits26 Per Cap41 Afford70 Employ3 Migr36 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
252	Burlington, NC15500	35	BelowBelow Average	▼ 11	3	19	94	38	26	31	Stress↑	Balanced↓	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price3 Permits19 Per Cap94 Afford38 Employ26 Migr31 LiqStress↑ ValBalanced↓ CycleRecession Full metro detail →
265	Las Cruces, NM29740	30	BelowBelow Average	▼ 14	9	23	46	50	2	50	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price9 Permits23 Per Cap46 Afford50 Employ2 Migr50 LiqStress↑ ValBalanced— CycleRecession Full metro detail →

28 of 287 metros shown