U.S. Metro Housing Market Rankings

2025-12 · 287 metros scored

Use this table to compare metro risk levels, cycle position, and liquidity conditions.

Market Signals (281 metros)Liquidity:164 Stable55 Watch59 Stress|Valuation:258 Balanced18 Compressed0 Extreme

Cycle Phase (281 metros)

120 Recovery72 Expansion67 Hypersupply28 Recession

Risk

Cycle

Momentum

Liquidity

Valuation

Permits

Tap a row to expand details

Core Risk					Structural Drivers						Market Signals		Cycle
#↑	Metro	Score	Risk Band	Chg	Price	Permits	Per Cap	Afford	Employ	Migr	Liquidity	Valuation	Diverg.	Cycle
1	Gainesville, FL23540	78	ElevatedElevated	▲ 16	47	87	70	98	92	75	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price47 Permits87 Per Cap70 Afford98 Employ92 Migr75 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
8	Chambersburg, PA16540	69	ElevatedElevated	▲ 15	96	88	71	28	84	45	Stable↓	Compressed—	—	Recovery	›
Structural Drivers Price96 Permits88 Per Cap71 Afford28 Employ84 Migr45 LiqStable↓ ValCompressed— CycleRecovery Full metro detail →
10	Syracuse, NY45060	68	ElevatedElevated	▲ 11	98	99	42	33	45	88	Stable↓	Compressed—	High	Recovery	›
Structural Drivers Price98 Permits99 Per Cap42 Afford33 Employ45 Migr88 LiqStable↓ ValCompressed— DivergHigh CycleRecovery Full metro detail →
12	Eau Claire, WI20740	67	ElevatedElevated	▲ 4	82	50	64	81	73	50	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price82 Permits50 Per Cap64 Afford81 Employ73 Migr50 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
16	Elkhart, IN21140	66	ElevatedElevated	▲ 4	91	90	34	37	81	60	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price91 Permits90 Per Cap34 Afford37 Employ81 Migr60 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
19	Clarksville, TN-KY17300	64	ElevatedElevated	▲ 6	88	60	88	75	45	27	Stable↓	Compressed—	Moderate	Recovery	›
Structural Drivers Price88 Permits60 Per Cap88 Afford75 Employ45 Migr27 LiqStable↓ ValCompressed— DivergModerate CycleRecovery Full metro detail →
19	Hickory, NC25860	64	ElevatedElevated	▲ 4	32	70	86	83	76	34	Watch↓	Balanced↑	High	Recovery	›
Structural Drivers Price32 Permits70 Per Cap86 Afford83 Employ76 Migr34 LiqWatch↓ ValBalanced↑ DivergHigh CycleRecovery Full metro detail →
19	Logan, UT-ID30860	64	ElevatedElevated	▲ 1	57	66	81	80	49	49	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price57 Permits66 Per Cap81 Afford80 Employ49 Migr49 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
19	Los Angeles, CA31080	64	ElevatedElevated	▲ 7	49	57	22	92	66	99	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price49 Permits57 Per Cap22 Afford92 Employ66 Migr99 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
28	Topeka, KS45820	63	ElevatedElevated	▲ 11	61	95	33	26	99	62	Stable↓	Balanced↓	Moderate	Recovery	›
Structural Drivers Price61 Permits95 Per Cap33 Afford26 Employ99 Migr62 LiqStable↓ ValBalanced↓ DivergModerate CycleRecovery Full metro detail →
30	Atlantic City, NJ12100	62	ElevatedElevated	▼ 6	76	44	52	89	88	26	Stable↓	Balanced↑	—	Recovery	›
Structural Drivers Price76 Permits44 Per Cap52 Afford89 Employ88 Migr26 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
30	Kingston, NY28740	62	ElevatedElevated	▲ 4	69	97	36	84	62	24	Stable↓	Balanced↓	—	Recovery	›
Structural Drivers Price69 Permits97 Per Cap36 Afford84 Employ62 Migr24 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
30	Fayetteville, NC22180	62	ElevatedElevated	▲ 11	16	77	64	40	94	84	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price16 Permits77 Per Cap64 Afford40 Employ94 Migr84 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
30	Fargo, ND-MN22020	62	ElevatedElevated	▲ 19	75	57	69	42	79	53	Stable↓	Compressed—	—	Recovery	›
Structural Drivers Price75 Permits57 Per Cap69 Afford42 Employ79 Migr53 LiqStable↓ ValCompressed— CycleRecovery Full metro detail →
30	Omaha, NE-IA36540	62	ElevatedElevated	▼ 7	66	40	74	20	87	88	Stable—	Balanced—	Moderate	Recovery	›
Structural Drivers Price66 Permits40 Per Cap74 Afford20 Employ87 Migr88 LiqStable— ValBalanced— DivergModerate CycleRecovery Full metro detail →
30	Abilene, TX10180	62	ElevatedElevated	▲ 16	21	99	73	81	50	48	Stable↓	Balanced↓	—	Recovery	›
Structural Drivers Price21 Permits99 Per Cap73 Afford81 Employ50 Migr48 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
37	Kansas City, MO-KS28140	61	ElevatedElevated	▼ 3	60	51	53	35	78	90	Watch↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price60 Permits51 Per Cap53 Afford35 Employ78 Migr90 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
41	Bloomington, IN14020	60	NeutralNeutral	0	10	85	82	65	100	18	Stable↓	—	—	Recovery	›
Structural Drivers Price10 Permits85 Per Cap82 Afford65 Employ100 Migr18 LiqStable↓ CycleRecovery Full metro detail →
41	Salt Lake City, UT41620	60	NeutralNeutral	▲ 16	46	83	69	62	6	95	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price46 Permits83 Per Cap69 Afford62 Employ6 Migr95 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
41	McAllen, TX32580	60	NeutralNeutral	▼ 4	70	44	84	79	8	76	Watch↓	Balanced—	—	Recovery	›
Structural Drivers Price70 Permits44 Per Cap84 Afford79 Employ8 Migr76 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
41	Iowa City, IA26980	60	NeutralNeutral	▲ 10	81	97	79	8	21	77	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price81 Permits97 Per Cap79 Afford8 Employ21 Migr77 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
49	Rochester, NY40380	59	NeutralNeutral	▲ 6	87	77	14	17	69	90	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price87 Permits77 Per Cap14 Afford17 Employ69 Migr90 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
49	Laredo, TX29700	59	NeutralNeutral	▲ 3	97	40	61	56	21	78	Stable↑	Compressed↑	—	Recovery	›
Structural Drivers Price97 Permits40 Per Cap61 Afford56 Employ21 Migr78 LiqStable↑ ValCompressed↑ CycleRecovery Full metro detail →
55	Eugene, OR21660	58	NeutralNeutral	▼ 11	48	35	51	86	85	43	Stable↓	Balanced↓	—	Recovery	›
Structural Drivers Price48 Permits35 Per Cap51 Afford86 Employ85 Migr43 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
55	Anchorage, AK11260	58	NeutralNeutral	▲ 8	93	73	4	3	97	81	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price93 Permits73 Per Cap4 Afford3 Employ97 Migr81 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
55	Pensacola, FL37860	58	NeutralNeutral	▼ 3	42	43	72	83	77	28	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price42 Permits43 Per Cap72 Afford83 Employ77 Migr28 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
55	New Haven, CT35300	58	NeutralNeutral	▲ 11	89	83	12	11	69	87	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price89 Permits83 Per Cap12 Afford11 Employ69 Migr87 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
55	Medford, OR32780	58	NeutralNeutral	▲ 17	22	83	56	76	73	36	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price22 Permits83 Per Cap56 Afford76 Employ73 Migr36 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
55	Louisville/Jefferson County, KY-IN31140	58	NeutralNeutral	▲ 8	48	63	56	36	65	82	Watch↓	—	Moderate	Recovery	›
Structural Drivers Price48 Permits63 Per Cap56 Afford36 Employ65 Migr82 LiqWatch↓ DivergModerate CycleRecovery Full metro detail →
55	Billings, MT13740	58	NeutralNeutral	▼ 8	44	22	65	77	86	52	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price44 Permits22 Per Cap65 Afford77 Employ86 Migr52 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
71	Dothan, AL20020	57	NeutralNeutral	▼ 1	100	39	46	38	62	56	Stable↓	Compressed↑	High	Recovery	›
Structural Drivers Price100 Permits39 Per Cap46 Afford38 Employ62 Migr56 LiqStable↓ ValCompressed↑ DivergHigh CycleRecovery Full metro detail →
71	Traverse City, MI45900	57	NeutralNeutral	—	79	66	76	85	7	30	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price79 Permits66 Per Cap76 Afford85 Employ7 Migr30 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
71	San Diego, CA41740	57	NeutralNeutral	▲ 4	26	56	46	76	46	90	Stable—	Balanced—	—	Recovery	›
Structural Drivers Price26 Permits56 Per Cap46 Afford76 Employ46 Migr90 LiqStable— ValBalanced— CycleRecovery Full metro detail →
76	Portland, OR-WA38900	56	NeutralNeutral	▲ 2	31	38	43	42	88	93	Stable↓	—	High	Recovery	›
Structural Drivers Price31 Permits38 Per Cap43 Afford42 Employ88 Migr93 LiqStable↓ DivergHigh CycleRecovery Full metro detail →
76	Columbus, OH18140	56	NeutralNeutral	▲ 1	45	80	80	23	16	92	Watch↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price45 Permits80 Per Cap80 Afford23 Employ16 Migr92 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
76	Bend, OR13460	56	NeutralNeutral	▲ 17	41	96	95	91	5	9	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price41 Permits96 Per Cap95 Afford91 Employ5 Migr9 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
87	Utica, NY46540	55	NeutralNeutral	▲ 5	97	64	5	60	34	70	Watch↓	Compressed—	—	Recovery	›
Structural Drivers Price97 Permits64 Per Cap5 Afford60 Employ34 Migr70 LiqWatch↓ ValCompressed— CycleRecovery Full metro detail →
87	Crestview, FL18880	55	NeutralNeutral	▲ 3	31	20	95	74	93	17	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price31 Permits20 Per Cap95 Afford74 Employ93 Migr17 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
87	Richmond, VA40060	55	NeutralNeutral	▲ 7	73	60	76	53	48	19	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price73 Permits60 Per Cap76 Afford53 Employ48 Migr19 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
87	Hagerstown, MD-WV25180	55	NeutralNeutral	▼ 1	89	39	65	23	91	22	Watch↓	Balanced—	High	Recovery	›
Structural Drivers Price89 Permits39 Per Cap65 Afford23 Employ91 Migr22 LiqWatch↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
87	Lansing, MI29620	55	NeutralNeutral	▲ 15	77	88	16	18	47	86	Stable↓	Balanced↓	Moderate	Recovery	›
Structural Drivers Price77 Permits88 Per Cap16 Afford18 Employ47 Migr86 LiqStable↓ ValBalanced↓ DivergModerate CycleRecovery Full metro detail →
87	Cedar Rapids, IA16300	55	NeutralNeutral	▼ 3	77	45	50	2	85	72	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price77 Permits45 Per Cap50 Afford2 Employ85 Migr72 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
94	Orlando, FL36740	54	NeutralNeutral	▲ 10	12	78	92	85	51	4	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price12 Permits78 Per Cap92 Afford85 Employ51 Migr4 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
94	Wichita, KS48620	54	NeutralNeutral	▲ 10	38	65	57	27	64	74	Watch↓	Balanced—	High	Recovery	›
Structural Drivers Price38 Permits65 Per Cap57 Afford27 Employ64 Migr74 LiqWatch↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
94	Canton, OH15940	54	NeutralNeutral	▲ 7	90	84	13	21	74	42	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price90 Permits84 Per Cap13 Afford21 Employ74 Migr42 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
94	Des Moines, IA19780	54	NeutralNeutral	▲ 9	47	80	86	6	49	58	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price47 Permits80 Per Cap86 Afford6 Employ49 Migr58 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
94	Dover, DE20100	54	NeutralNeutral	▼ 4	98	59	75	22	37	33	Stable↓	Compressed↓	—	Recovery	›
Structural Drivers Price98 Permits59 Per Cap75 Afford22 Employ37 Migr33 LiqStable↓ ValCompressed↓ CycleRecovery Full metro detail →
108	El Paso, TX21340	53	NeutralNeutral	▼ 2	28	42	29	72	62	83	Stable—	Balanced—	—	Recovery	›
Structural Drivers Price28 Permits42 Per Cap29 Afford72 Employ62 Migr83 LiqStable— ValBalanced— CycleRecovery Full metro detail →
108	Florence, AL22520	53	NeutralNeutral	▲ 7	45	95	32	46	47	51	Stable↓	Balanced↑	—	Recovery	›
Structural Drivers Price45 Permits95 Per Cap32 Afford46 Employ47 Migr51 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
108	Lafayette, LA29180	53	NeutralNeutral	▲ 9	79	62	61	57	17	42	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price79 Permits62 Per Cap61 Afford57 Employ17 Migr42 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
120	Bakersfield, CA12540	52	NeutralNeutral	▼ 5	30	58	41	71	23	86	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price30 Permits58 Per Cap41 Afford71 Employ23 Migr86 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
120	Mobile, AL33660	52	NeutralNeutral	▼ 16	32	5	33	69	90	81	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price32 Permits5 Per Cap33 Afford69 Employ90 Migr81 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
120	Lake Havasu City, AZ29420	52	NeutralNeutral	▼ 9	17	12	87	99	86	14	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price17 Permits12 Per Cap87 Afford99 Employ86 Migr14 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
120	Tucson, AZ46060	52	NeutralNeutral	0	49	33	55	78	84	11	Watch↓	Compressed—	—	Recovery	›
Structural Drivers Price49 Permits33 Per Cap55 Afford78 Employ84 Migr11 LiqWatch↓ ValCompressed— CycleRecovery Full metro detail →
131	North Port, FL35840	51	NeutralNeutral	▲ 9	3	80	100	91	29	2	Stable↓	Balanced↑	—	Recovery	›
Structural Drivers Price3 Permits80 Per Cap100 Afford91 Employ29 Migr2 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
131	Miami, FL33100	51	NeutralNeutral	▲ 17	23	87	45	100	50	0	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price23 Permits87 Per Cap45 Afford100 Employ50 Migr0 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
137	Idaho Falls, ID26820	50	NeutralNeutral	▼ 10	53	2	90	70	41	45	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price53 Permits2 Per Cap90 Afford70 Employ41 Migr45 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
137	Buffalo, NY15380	50	NeutralNeutral	▼ 6	92	29	5	59	25	91	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price92 Permits29 Per Cap5 Afford59 Employ25 Migr91 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
137	Corpus Christi, TX18580	50	NeutralNeutral	▼ 2	2	71	59	60	25	82	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price2 Permits71 Per Cap59 Afford60 Employ25 Migr82 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
137	Palm Bay, FL37340	50	NeutralNeutral	▲ 10	13	54	80	90	55	7	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price13 Permits54 Per Cap80 Afford90 Employ55 Migr7 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
137	Davenport, IA-IL19340	50	NeutralNeutral	▼ 12	72	30	13	19	90	73	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price72 Permits30 Per Cap13 Afford19 Employ90 Migr73 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
150	Reading, PA39740	49	NeutralNeutral	▲ 5	70	94	2	18	41	68	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price70 Permits94 Per Cap2 Afford18 Employ41 Migr68 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
158	Atlanta, GA12060	48	NeutralNeutral	▼ 5	16	23	63	25	63	95	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price16 Permits23 Per Cap63 Afford25 Employ63 Migr95 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
158	Columbus, GA-AL17980	48	NeutralNeutral	▼ 6	93	15	17	49	28	84	Stable—	Balanced—	High	Recovery	›
Structural Drivers Price93 Permits15 Per Cap17 Afford49 Employ28 Migr84 LiqStable— ValBalanced— DivergHigh CycleRecovery Full metro detail →
158	Flint, MI22420	48	NeutralNeutral	▲ 3	85	74	6	32	26	66	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price85 Permits74 Per Cap6 Afford32 Employ26 Migr66 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
158	Daphne, AL19300	48	NeutralNeutral	▼ 6	33	18	96	57	67	20	Stable↓	Balanced↓	—	Recovery	›
Structural Drivers Price33 Permits18 Per Cap96 Afford57 Employ67 Migr20 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
158	Hilton Head Island, SC25940	48	NeutralNeutral	▼ 1	49	53	97	78	2	10	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price49 Permits53 Per Cap97 Afford78 Employ2 Migr10 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
168	Sioux Falls, SD-MN43620	47	NeutralNeutral	▲ 2	48	27	85	34	52	34	Watch↓	Balanced—	High	Recovery	›
Structural Drivers Price48 Permits27 Per Cap85 Afford34 Employ52 Migr34 LiqWatch↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
168	Houston, TX26420	47	NeutralNeutral	▲ 3	22	53	88	67	42	9	Watch↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price22 Permits53 Per Cap88 Afford67 Employ42 Migr9 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
168	Oklahoma City, OK36420	47	NeutralNeutral	▲ 4	26	76	68	51	38	21	Stable—	Balanced—	High	Recovery	›
Structural Drivers Price26 Permits76 Per Cap68 Afford51 Employ38 Migr21 LiqStable— ValBalanced— DivergHigh CycleRecovery Full metro detail →
177	Chico, CA17020	46	NeutralNeutral	▲ 4	7	62	58	84	30	38	Stable—	Balanced↓	—	Recovery	›
Structural Drivers Price7 Permits62 Per Cap58 Afford84 Employ30 Migr38 LiqStable— ValBalanced↓ CycleRecovery Full metro detail →
177	Deltona, FL19660	46	NeutralNeutral	▲ 1	6	37	82	93	52	5	Stable↓	Balanced↑	—	Recovery	›
Structural Drivers Price6 Permits37 Per Cap82 Afford93 Employ52 Migr5 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
177	El Centro, CA20940	46	NeutralNeutral	▼ 10	95	2	4	94	11	72	Watch↓	Balanced↑	—	Recovery	›
Structural Drivers Price95 Permits2 Per Cap4 Afford94 Employ11 Migr72 LiqWatch↓ ValBalanced↑ CycleRecovery Full metro detail →
177	Binghamton, NY13780	46	NeutralNeutral	▼ 11	97	17	10	54	23	72	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price97 Permits17 Per Cap10 Afford54 Employ23 Migr72 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
177	Provo, UT39340	46	NeutralNeutral	▲ 1	36	75	93	34	17	18	Watch↓	Balanced↓	—	Recovery	›
Structural Drivers Price36 Permits75 Per Cap93 Afford34 Employ17 Migr18 LiqWatch↓ ValBalanced↓ CycleRecovery Full metro detail →
177	Philadelphia, PA-NJ-DE-MD37980	46	NeutralNeutral	▼ 4	69	50	23	19	16	97	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price69 Permits50 Per Cap23 Afford19 Employ16 Migr97 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
177	Santa Cruz, CA42100	46	NeutralNeutral	▲ 25	60	99	21	30	29	39	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price60 Permits99 Per Cap21 Afford30 Employ29 Migr39 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
194	Fort Wayne, IN23060	45	NeutralNeutral	▼ 1	67	10	42	38	50	61	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price67 Permits10 Per Cap42 Afford38 Employ50 Migr61 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
194	Springfield, IL44100	45	NeutralNeutral	▲ 1	94	9	3	0	91	75	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price94 Permits9 Per Cap3 Afford0 Employ91 Migr75 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
194	Hanford, CA25260	45	NeutralNeutral	▼ 10	18	3	40	45	93	69	Stable↓	Balanced↓	—	Recovery	›
Structural Drivers Price18 Permits3 Per Cap40 Afford45 Employ93 Migr69 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
194	Yuma, AZ49740	45	NeutralNeutral	▼ 12	43	19	63	69	41	35	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price43 Permits19 Per Cap63 Afford69 Employ41 Migr35 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
203	Lancaster, PA29540	44	NeutralNeutral	▲ 12	88	63	35	20	14	47	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price88 Permits63 Per Cap35 Afford20 Employ14 Migr47 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
203	Naples, FL34940	44	NeutralNeutral	▼ 4	0	14	78	88	81	1	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price0 Permits14 Per Cap78 Afford88 Employ81 Migr1 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
203	Tuscaloosa, AL46220	44	NeutralNeutral	▲ 2	38	29	25	63	43	66	Watch↓	Balanced—	High	Recovery	›
Structural Drivers Price38 Permits29 Per Cap25 Afford63 Employ43 Migr66 LiqWatch↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
203	Port St. Lucie, FL38940	44	NeutralNeutral	▼ 3	7	29	91	90	40	5	Stable↓	Balanced↑	—	Recovery	›
Structural Drivers Price7 Permits29 Per Cap91 Afford90 Employ40 Migr5 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
203	Reno, NV39900	44	NeutralNeutral	▼ 9	50	9	66	42	80	17	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price50 Permits9 Per Cap66 Afford42 Employ80 Migr17 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
203	Amarillo, TX11100	44	NeutralNeutral	▼ 9	44	55	57	33	20	56	Stable↓	Balanced↓	Moderate	Recovery	›
Structural Drivers Price44 Permits55 Per Cap57 Afford33 Employ20 Migr56 LiqStable↓ ValBalanced↓ DivergModerate CycleRecovery Full metro detail →
203	Jacksonville, FL27260	44	NeutralNeutral	▲ 6	30	27	83	85	33	3	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price30 Permits27 Per Cap83 Afford85 Employ33 Migr3 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
217	Charleston, SC16700	43	NeutralNeutral	▼ 4	22	31	89	99	10	5	Watch↓	Balanced↓	Moderate	Recovery	›
Structural Drivers Price22 Permits31 Per Cap89 Afford99 Employ10 Migr5 LiqWatch↓ ValBalanced↓ DivergModerate CycleRecovery Full metro detail →
222	Columbia, MO17860	42	NeutralNeutral	▼ 19	37	2	49	16	83	63	Stable↓	Balanced↓	High	Recovery	›
Structural Drivers Price37 Permits2 Per Cap49 Afford16 Employ83 Migr63 LiqStable↓ ValBalanced↓ DivergHigh CycleRecovery Full metro detail →
222	Albany, NY10580	42	NeutralNeutral	▼ 10	64	24	27	15	26	93	Stable↓	—	High	Recovery	›
Structural Drivers Price64 Permits24 Per Cap27 Afford15 Employ26 Migr93 LiqStable↓ DivergHigh CycleRecovery Full metro detail →
222	Phoenix, AZ38060	42	NeutralNeutral	▼ 4	21	33	84	87	24	2	Watch↓	Balanced—	—	Recovery	›
Structural Drivers Price21 Permits33 Per Cap84 Afford87 Employ24 Migr2 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
222	Huntington, WV-KY-OH26580	42	NeutralNeutral	▼ 1	43	96	7	31	27	51	Stable—	Balanced↑	Moderate	Recovery	›
Structural Drivers Price43 Permits96 Per Cap7 Afford31 Employ27 Migr51 LiqStable— ValBalanced↑ DivergModerate CycleRecovery Full metro detail →
222	Monroe, LA33740	42	NeutralNeutral	▼ 1	17	76	22	62	10	65	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price17 Permits76 Per Cap22 Afford62 Employ10 Migr65 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
222	Barnstable Town, MA12700	42	NeutralNeutral	▼ 9	38	9	37	96	58	16	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price38 Permits9 Per Cap37 Afford96 Employ58 Migr16 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
222	Riverside, CA40140	42	NeutralNeutral	▲ 4	20	49	40	83	54	8	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price20 Permits49 Per Cap40 Afford83 Employ54 Migr8 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
234	Montgomery, AL33860	41	NeutralNeutral	▲ 6	9	57	22	3	78	78	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price9 Permits57 Per Cap22 Afford3 Employ78 Migr78 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
240	State College, PA44300	40	BelowBelow Average	▼ 12	66	15	20	38	24	74	Stable↓	Balanced↑	—	Recovery	›
Structural Drivers Price66 Permits15 Per Cap20 Afford38 Employ24 Migr74 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
240	Decatur, AL19460	40	BelowBelow Average	▲ 14	33	72	14	35	29	55	Stable—	Balanced↑	—	Recovery	›
Structural Drivers Price33 Permits72 Per Cap14 Afford35 Employ29 Migr55 LiqStable— ValBalanced↑ CycleRecovery Full metro detail →
240	Salinas, CA41500	40	BelowBelow Average	▲ 4	25	94	17	59	31	15	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price25 Permits94 Per Cap17 Afford59 Employ31 Migr15 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
244	St. George, UT41100	39	BelowBelow Average	▼ 11	24	24	97	32	42	15	Watch↓	Balanced—	—	Recovery	›
Structural Drivers Price24 Permits24 Per Cap97 Afford32 Employ42 Migr15 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
244	Santa Rosa, CA42220	39	BelowBelow Average	▲ 18	20	93	43	15	48	13	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price20 Permits93 Per Cap43 Afford15 Employ48 Migr13 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
252	Dallas, TX19100	38	BelowBelow Average	▼ 2	15	42	86	37	47	0	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price15 Permits42 Per Cap86 Afford37 Employ47 Migr0 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
252	Harrisburg, PA25420	38	BelowBelow Average	▼ 3	80	14	22	10	31	71	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price80 Permits14 Per Cap22 Afford10 Employ31 Migr71 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
252	Redding, CA39820	38	BelowBelow Average	▲ 5	9	79	11	41	49	36	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price9 Permits79 Per Cap11 Afford41 Employ49 Migr36 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
252	Cape Coral, FL15980	38	BelowBelow Average	▼ 4	1	31	99	61	35	3	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price1 Permits31 Per Cap99 Afford61 Employ35 Migr3 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
252	Albuquerque, NM10740	38	BelowBelow Average	▼ 2	21	52	39	17	59	41	Stable—	Balanced—	Moderate	Recovery	›
Structural Drivers Price21 Permits52 Per Cap39 Afford17 Employ59 Migr41 LiqStable— ValBalanced— DivergModerate CycleRecovery Full metro detail →
261	Yuba City, CA49700	37	BelowBelow Average	▼ 7	27	49	55	52	2	35	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price27 Permits49 Per Cap55 Afford52 Employ2 Migr35 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
261	Sacramento, CA40900	37	BelowBelow Average	▲ 1	19	39	54	25	76	11	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price19 Permits39 Per Cap54 Afford25 Employ76 Migr11 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
261	Scranton, PA42540	37	BelowBelow Average	▼ 4	55	55	5	41	26	40	Stable↓	Balanced↓	High	Recovery	›
Structural Drivers Price55 Permits55 Per Cap5 Afford41 Employ26 Migr40 LiqStable↓ ValBalanced↓ DivergHigh CycleRecovery Full metro detail →
267	Manchester, NH31700	36	BelowBelow Average	▲ 4	83	4	12	36	53	28	Watch↓	Balanced—	—	Recovery	›
Structural Drivers Price83 Permits4 Per Cap12 Afford36 Employ53 Migr28 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
269	Lake Charles, LA29340	35	BelowBelow Average	▼ 26	62	0	31	31	11	76	Stable↓	Balanced↓	—	Recovery	›
Structural Drivers Price62 Permits0 Per Cap31 Afford31 Employ11 Migr76 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
269	Punta Gorda, FL39460	35	BelowBelow Average	▼ 7	0	5	98	79	16	13	Stable↓	Balanced↑	—	Recovery	›
Structural Drivers Price0 Permits5 Per Cap98 Afford79 Employ16 Migr13 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
269	San Luis Obispo, CA42020	35	BelowBelow Average	▼ 20	14	13	29	69	66	20	Stable↓	Balanced↓	—	Recovery	›
Structural Drivers Price14 Permits13 Per Cap29 Afford69 Employ66 Migr20 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
276	Urban Honolulu, HI46520	32	BelowBelow Average	▲ 2	41	32	9	2	20	88	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price41 Permits32 Per Cap9 Afford2 Employ20 Migr88 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
276	Raleigh, NC39580	32	BelowBelow Average	0	29	41	95	7	14	8	Watch↓	Balanced—	High	Recovery	›
Structural Drivers Price29 Permits41 Per Cap95 Afford7 Employ14 Migr8 LiqWatch↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
281	San Antonio, TX41700	29	BelowBelow Average	▼ 5	34	7	50	63	18	4	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price34 Permits7 Per Cap50 Afford63 Employ18 Migr4 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
281	Vallejo, CA46700	29	BelowBelow Average	▼ 12	11	1	16	21	96	29	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price11 Permits1 Per Cap16 Afford21 Employ96 Migr29 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
284	Charleston, WV16620	27	BelowBelow Average	▲ 4	14	17	0	13	54	65	Stable—	Balanced—	—	Recovery	›
Structural Drivers Price14 Permits17 Per Cap0 Afford13 Employ54 Migr65 LiqStable— ValBalanced— CycleRecovery Full metro detail →
287	Stockton, CA44700	18	LowLow Risk	▼ 18	14	6	40	24	14	10	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price14 Permits6 Per Cap40 Afford24 Employ14 Migr10 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →

120 of 287 metros shown