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 →

59 of 287metros

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Risk

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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
2	Lafayette, IN29200	78	ElevatedElevated	▲ 26	61	100	99	33	86	88	Stress↓	Balanced↓	High	Hypersupply	—	—	—	—	—	›
Structural Drivers Price61 Permits100 Per Cap99 Afford33 Employ86 Migr88 LiqStress↓ ValBalanced↓ DivergHigh CycleHypersupply Full metro detail →
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 →
19	Yakima, WA49420	66	ElevatedElevated	▲ 28	64	94	31	58	67	79	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price64 Permits94 Per Cap31 Afford58 Employ67 Migr79 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
19	Savannah, GA42340	66	ElevatedElevated	▼ 4	35	88	96	88	56	33	Stress↓	Balanced—	Low	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price35 Permits88 Per Cap96 Afford88 Employ56 Migr33 LiqStress↓ ValBalanced— DivergLow CycleHypersupply Full metro detail →
23	Visalia, CA47300	65	ElevatedElevated	▲ 5	51	85	48	68	79	58	Stress↓	Balanced↑	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price51 Permits85 Per Cap48 Afford68 Employ79 Migr58 LiqStress↓ ValBalanced↑ CycleHypersupply 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 →
28	Kingsport, TN-VA28700	62	ElevatedElevated	▲ 13	55	90	39	96	55	40	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price55 Permits90 Per Cap39 Afford96 Employ55 Migr40 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
28	Waco, TX47380	62	ElevatedElevated	▲ 14	32	90	57	91	66	39	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price32 Permits90 Per Cap57 Afford91 Employ66 Migr39 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
28	Madison, WI31540	62	ElevatedElevated	▼ 1	48	81	93	19	45	86	Stress—	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price48 Permits81 Per Cap93 Afford19 Employ45 Migr86 LiqStress— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
39	Bellingham, WA13380	60	NeutralNeutral	▼ 4	58	52	61	89	77	22	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price58 Permits52 Per Cap61 Afford89 Employ77 Migr22 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
51	Knoxville, TN28940	58	NeutralNeutral	▲ 5	45	85	86	92	23	16	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price45 Permits85 Per Cap86 Afford92 Employ23 Migr16 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
61	Homosassa Springs, FL26140	57	NeutralNeutral	▼ 13	3	36	96	100	87	20	Stress↓	Balanced↓	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price3 Permits36 Per Cap96 Afford100 Employ87 Migr20 LiqStress↓ ValBalanced↓ CycleHypersupply Full metro detail →
61	Fort Collins, CO22660	57	NeutralNeutral	▲ 12	28	89	73	59	71	21	Stress—	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price28 Permits89 Per Cap73 Afford59 Employ71 Migr21 LiqStress— ValBalanced— CycleHypersupply 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	Johnson City, TN27740	55	NeutralNeutral	▼ 8	83	4	53	100	22	70	Stress↓	Balanced↑	High	Hypersupply	—	—	—	—	—	›
Structural Drivers Price83 Permits4 Per Cap53 Afford100 Employ22 Migr70 LiqStress↓ ValBalanced↑ DivergHigh CycleHypersupply 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 →
86	Grand Junction, CO24300	54	NeutralNeutral	▲ 3	55	14	57	95	77	25	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price55 Permits14 Per Cap57 Afford95 Employ77 Migr25 LiqStress↓ ValBalanced— CycleHypersupply 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 →
97	Lynchburg, VA31340	53	NeutralNeutral	▼ 19	46	12	51	67	81	62	Stress↓	Balanced↑	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price46 Permits12 Per Cap51 Afford67 Employ81 Migr62 LiqStress↓ ValBalanced↑ DivergHigh CycleHypersupply Full metro detail →
97	Saginaw, MI40980	53	NeutralNeutral	▲ 15	83	72	3	27	58	73	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price83 Permits72 Per Cap3 Afford27 Employ58 Migr73 LiqStress↓ ValBalanced— CycleHypersupply 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	Gainesville, GA23580	52	NeutralNeutral	▼ 9	66	32	80	53	62	22	Stress↓	—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price66 Permits32 Per Cap80 Afford53 Employ62 Migr22 LiqStress↓ CycleHypersupply 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	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 →
140	Washington, DC-VA-MD-WV47900	50	NeutralNeutral	▼ 2	44	21	34	2	98	98	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price44 Permits21 Per Cap34 Afford2 Employ98 Migr98 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
148	Oxnard, CA37100	49	NeutralNeutral	▲ 7	26	92	19	23	81	51	Stress—	Balanced—	—	Hypersupply	—	—	—	Div	—	›
Structural Drivers Price26 Permits92 Per Cap19 Afford23 Employ81 Migr51 LiqStress— ValBalanced— CycleHypersupply Full metro detail →
148	Ann Arbor, MI11460	49	NeutralNeutral	▲ 10	30	89	49	7	37	81	Stress—	Balanced—	—	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price30 Permits89 Per Cap49 Afford7 Employ37 Migr81 LiqStress— ValBalanced— CycleHypersupply 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	Greenville, NC24780	48	NeutralNeutral	▼ 2	18	48	78	57	13	73	Stress↓	Balanced—	—	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price18 Permits48 Per Cap78 Afford57 Employ13 Migr73 LiqStress↓ ValBalanced— CycleHypersupply 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	Wilmington, NC48900	48	NeutralNeutral	▼ 13	54	33	99	87	5	7	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price54 Permits33 Per Cap99 Afford87 Employ5 Migr7 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply 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 →
158	Greensboro, NC24660	48	NeutralNeutral	▼ 5	42	17	59	46	40	82	Stress↓	Balanced—	High	Hypersupply	—	—	—	Div	—	›
Structural Drivers Price42 Permits17 Per Cap59 Afford46 Employ40 Migr82 LiqStress↓ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
158	Fayetteville, AR22220	48	NeutralNeutral	0	51	71	98	56	0	12	Stress↓	Balanced—	High	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price51 Permits71 Per Cap98 Afford56 Employ0 Migr12 LiqStress↓ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
169	Durham, NC20500	47	NeutralNeutral	▲ 12	57	42	83	54	5	40	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price57 Permits42 Per Cap83 Afford54 Employ5 Migr40 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
169	Baltimore, MD12580	47	NeutralNeutral	▲ 3	39	44	25	4	69	99	Stress—	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price39 Permits44 Per Cap25 Afford4 Employ69 Migr99 LiqStress— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
169	Greeley, CO24540	47	NeutralNeutral	▲ 1	13	57	89	25	90	10	Stress—	Balanced—	—	Hypersupply	—	—	—	Div	—	›
Structural Drivers Price13 Permits57 Per Cap89 Afford25 Employ90 Migr10 LiqStress— ValBalanced— CycleHypersupply Full metro detail →
169	Pueblo, CO39380	47	NeutralNeutral	▲ 2	30	23	9	92	84	45	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price30 Permits23 Per Cap9 Afford92 Employ84 Migr45 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
192	Winston, NC49180	45	NeutralNeutral	▼ 1	62	25	76	58	20	31	Stress—	Balanced—	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price62 Permits25 Per Cap76 Afford58 Employ20 Migr31 LiqStress— ValBalanced— DivergHigh CycleHypersupply Full metro detail →
197	Las Vegas, NV29820	44	NeutralNeutral	▼ 2	1	56	68	51	89	1	Stress↓	Balanced↓	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price1 Permits56 Per Cap68 Afford51 Employ89 Migr1 LiqStress↓ ValBalanced↓ CycleHypersupply Full metro detail →
204	Ocala, FL36100	43	NeutralNeutral	▼ 11	1	25	97	95	32	9	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price1 Permits25 Per Cap97 Afford95 Employ32 Migr9 LiqStress↓ ValBalanced— CycleHypersupply 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 →
239	Rapid City, SD39660	38	BelowBelow Average	▼ 16	10	3	71	94	6	42	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price10 Permits3 Per Cap71 Afford94 Employ6 Migr42 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply 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 →
258	Charlotte, NC-SC16740	34	BelowBelow Average	▼ 4	44	21	81	55	1	5	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price44 Permits21 Per Cap81 Afford55 Employ1 Migr5 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
265	Tyler, TX46340	30	BelowBelow Average	▲ 2	25	26	23	44	27	32	Stress—	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price25 Permits26 Per Cap23 Afford44 Employ27 Migr32 LiqStress— ValBalanced— CycleHypersupply 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 →

59 of 287 metros shown