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 →

134 of 287metros

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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
9	Bowling Green, KY14540	68	ElevatedElevated	▼ 2	82	65	84	57	75	46	Stable—	Balanced—	—	Expansion	—	—	—	—	—	›
Structural Drivers Price82 Permits65 Per Cap84 Afford57 Employ75 Migr46 LiqStable— ValBalanced— CycleExpansion Full metro detail →
9	Panama City, FL37460	68	ElevatedElevated	▼ 11	89	25	93	81	95	23	Stable—	Compressed—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price89 Permits25 Per Cap93 Afford81 Employ95 Migr23 LiqStable— ValCompressed— CycleExpansion Full metro detail →
13	Atlantic City, NJ12100	67	ElevatedElevated	▼ 1	96	43	51	92	88	33	Stable↓	Balanced↑	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price96 Permits43 Per Cap51 Afford92 Employ88 Migr33 LiqStable↓ ValBalanced↑ CycleRecovery 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 →
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	Logan, UT-ID30860	62	ElevatedElevated	▼ 1	43	66	81	79	50	55	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price43 Permits66 Per Cap81 Afford79 Employ50 Migr55 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
28	La Crosse, WI-MN29100	62	ElevatedElevated	▼ 5	90	87	36	73	23	60	Stable↑	Compressed—	Low	Expansion	—	—	—	Mod	—	›
Structural Drivers Price90 Permits87 Per Cap36 Afford73 Employ23 Migr60 LiqStable↑ ValCompressed— DivergLow CycleExpansion 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	Pensacola, FL37860	60	NeutralNeutral	▼ 1	54	43	71	84	77	32	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price54 Permits43 Per Cap71 Afford84 Employ77 Migr32 LiqStable↓ ValBalanced— CycleRecovery 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	Kansas City, MO-KS28140	58	NeutralNeutral	▼ 6	61	51	52	33	77	75	Watch↓	Balanced—	Low	Recovery	—	—	—	—	—	›
Structural Drivers Price61 Permits51 Per Cap52 Afford33 Employ77 Migr75 LiqWatch↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
51	Prescott Valley, AZ39150	58	NeutralNeutral	▼ 9	73	28	77	93	69	11	—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price73 Permits28 Per Cap77 Afford93 Employ69 Migr11 ValBalanced— CycleExpansion Full metro detail →
51	Omaha, NE-IA36540	58	NeutralNeutral	▼ 11	49	40	74	18	87	81	Stable—	Balanced—	Low	Recovery	—	—	—	Mod	—	›
Structural Drivers Price49 Permits40 Per Cap74 Afford18 Employ87 Migr81 LiqStable— ValBalanced— DivergLow CycleRecovery Full metro detail →
51	Milwaukee, WI33340	58	NeutralNeutral	▼ 12	80	30	20	29	90	97	Stable—	Balanced—	High	Expansion	—	—	—	Div	—	›
Structural Drivers Price80 Permits30 Per Cap20 Afford29 Employ90 Migr97 LiqStable— ValBalanced— DivergHigh CycleExpansion Full metro detail →
61	Mobile, AL33660	57	NeutralNeutral	▼ 11	64	5	32	72	89	82	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price64 Permits5 Per Cap32 Afford72 Employ89 Migr82 LiqStable↓ ValBalanced— CycleRecovery 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	Dothan, AL20020	57	NeutralNeutral	▼ 1	100	39	45	39	62	58	Stable↓	Compressed↑	High	Recovery	—	—	—	—	—	›
Structural Drivers Price100 Permits39 Per Cap45 Afford39 Employ62 Migr58 LiqStable↓ ValCompressed↑ DivergHigh CycleRecovery Full metro detail →
69	Billings, MT13740	56	NeutralNeutral	▼ 10	42	22	64	77	86	43	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price42 Permits22 Per Cap64 Afford77 Employ86 Migr43 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
69	Duluth, MN-WI20260	56	NeutralNeutral	▼ 9	91	11	26	97	66	46	Stable—	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price91 Permits11 Per Cap26 Afford97 Employ66 Migr46 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
69	Providence, RI-MA39300	56	NeutralNeutral	▼ 6	71	86	11	78	60	28	Stable—	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price71 Permits86 Per Cap11 Afford78 Employ60 Migr28 LiqStable— ValBalanced— DivergModerate CycleExpansion 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	Eugene, OR21660	55	NeutralNeutral	▼ 14	41	34	50	85	85	35	Stable↓	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price41 Permits34 Per Cap50 Afford85 Employ85 Migr35 LiqStable↓ ValBalanced↓ CycleRecovery 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	Cedar Rapids, IA16300	54	NeutralNeutral	▼ 4	82	45	49	2	85	63	Stable↓	Balanced—	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price82 Permits45 Per Cap49 Afford2 Employ85 Migr63 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
86	Dayton, OH19430	54	NeutralNeutral	▼ 4	91	46	27	8	62	92	—	Balanced—	High	Expansion	—	—	—	Mod	—	›
Structural Drivers Price91 Permits46 Per Cap27 Afford8 Employ62 Migr92 ValBalanced— DivergHigh CycleExpansion Full metro detail →
86	Muskegon, MI34740	54	NeutralNeutral	▼ 3	73	61	32	96	16	44	Stable↑	Balanced↑	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price73 Permits61 Per Cap32 Afford96 Employ16 Migr44 LiqStable↑ ValBalanced↑ CycleExpansion 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	Florence, SC22500	53	NeutralNeutral	▼ 6	62	70	55	64	4	64	Watch↑	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price62 Permits70 Per Cap55 Afford64 Employ4 Migr64 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
104	Seattle, WA42660	53	NeutralNeutral	▼ 3	24	32	51	44	70	98	Watch—	Balanced—	High	Hypersupply	—	—	—	Div	—	›
Structural Drivers Price24 Permits32 Per Cap51 Afford44 Employ70 Migr98 LiqWatch— ValBalanced— DivergHigh CycleHypersupply Full metro detail →
109	El Paso, TX21340	52	NeutralNeutral	▼ 3	20	41	28	70	62	93	Stable—	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price20 Permits41 Per Cap28 Afford70 Employ62 Migr93 LiqStable— ValBalanced— CycleRecovery 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	South Bend, IN-MI43780	52	NeutralNeutral	▼ 15	59	37	30	67	47	74	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price59 Permits37 Per Cap30 Afford67 Employ47 Migr74 LiqStable— ValBalanced— CycleExpansion Full metro detail →
109	Terre Haute, IN45460	52	NeutralNeutral	▼ 4	65	98	18	52	24	55	Watch↑	Balanced↓	High	Hypersupply	—	—	—	—	—	›
Structural Drivers Price65 Permits98 Per Cap18 Afford52 Employ24 Migr55 LiqWatch↑ ValBalanced↓ DivergHigh CycleHypersupply Full metro detail →
109	Davenport, IA-IL19340	52	NeutralNeutral	▼ 10	92	30	13	20	90	69	Stable↓	Compressed—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price92 Permits30 Per Cap13 Afford20 Employ90 Migr69 LiqStable↓ ValCompressed— DivergModerate CycleRecovery Full metro detail →
123	Shreveport, LA43340	51	NeutralNeutral	▼ 5	50	60	34	31	47	82	Stable—	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price50 Permits60 Per Cap34 Afford31 Employ47 Migr82 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
123	McAllen, TX32580	51	NeutralNeutral	▼ 13	18	44	84	73	9	78	Watch↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price18 Permits44 Per Cap84 Afford73 Employ9 Migr78 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
123	Lake Havasu City, AZ29420	51	NeutralNeutral	▼ 10	8	12	87	99	86	16	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price8 Permits12 Per Cap87 Afford99 Employ86 Migr16 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
123	Kennewick, WA28420	51	NeutralNeutral	▼ 1	58	45	74	27	70	34	Watch—	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price58 Permits45 Per Cap74 Afford27 Employ70 Migr34 LiqWatch— ValBalanced— CycleHypersupply Full metro detail →
123	Brownsville, TX15180	51	NeutralNeutral	▼ 5	12	58	61	86	8	79	Stable—	Balanced↓	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price12 Permits58 Per Cap61 Afford86 Employ8 Migr79 LiqStable— ValBalanced↓ CycleExpansion Full metro detail →
123	St. Cloud, MN41060	51	NeutralNeutral	▼ 3	19	37	44	43	80	85	Watch↑	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price19 Permits37 Per Cap44 Afford43 Employ80 Migr85 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
123	Houma, LA26380	51	NeutralNeutral	▼ 7	15	42	35	53	88	74	Stable—	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price15 Permits42 Per Cap35 Afford53 Employ88 Migr74 LiqStable— ValBalanced— CycleExpansion 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	Buffalo, NY15380	50	NeutralNeutral	▼ 6	90	29	5	56	26	96	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price90 Permits29 Per Cap5 Afford56 Employ26 Migr96 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
133	Fresno, CA23420	50	NeutralNeutral	▼ 10	35	34	36	75	52	71	Watch↑	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price35 Permits34 Per Cap36 Afford75 Employ52 Migr71 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
133	Evansville, IN21780	50	NeutralNeutral	▼ 3	52	50	37	35	62	63	Watch↑	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price52 Permits50 Per Cap37 Afford35 Employ62 Migr63 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
133	Midland, TX33260	50	NeutralNeutral	▼ 13	32	35	77	77	11	67	Watch↑	Balanced↓	—	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price32 Permits35 Per Cap77 Afford77 Employ11 Migr67 LiqWatch↑ ValBalanced↓ CycleHypersupply Full metro detail →
133	Auburn, AL12220	50	NeutralNeutral	▼ 2	58	26	86	62	31	37	Stable↑	Balanced—	—	Expansion	—	—	—	—	—	›
Structural Drivers Price58 Permits26 Per Cap86 Afford62 Employ31 Migr37 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
133	Yuma, AZ49740	50	NeutralNeutral	▼ 7	48	19	62	69	41	59	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price48 Permits19 Per Cap62 Afford69 Employ41 Migr59 LiqStable↓ ValBalanced— CycleRecovery 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 →
133	Bakersfield, CA12540	50	NeutralNeutral	▼ 7	24	58	40	68	23	85	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price24 Permits58 Per Cap40 Afford68 Employ23 Migr85 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
140	Atlanta, GA12060	50	NeutralNeutral	▼ 3	26	23	63	27	63	95	Stable↓	Balanced—	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price26 Permits23 Per Cap63 Afford27 Employ63 Migr95 LiqStable↓ ValBalanced— DivergModerate CycleRecovery 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 →
140	Boston, MA-NH14460	50	NeutralNeutral	▼ 8	66	22	19	24	72	98	Watch↑	Balanced—	Moderate	Hypersupply	—	—	—	Div	—	›
Structural Drivers Price66 Permits22 Per Cap19 Afford24 Employ72 Migr98 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
148	Burlington, VT15540	49	NeutralNeutral	▼ 7	29	68	64	48	33	54	Watch↑	Balanced—	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price29 Permits68 Per Cap64 Afford48 Employ33 Migr54 LiqWatch↑ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
148	Jackson, MI27100	49	NeutralNeutral	▼ 9	69	95	17	47	16	52	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price69 Permits95 Per Cap17 Afford47 Employ16 Migr52 LiqStable↑ ValBalanced— CycleExpansion 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 →
148	Corpus Christi, TX18580	49	NeutralNeutral	▼ 3	4	70	59	61	26	76	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price4 Permits70 Per Cap59 Afford61 Employ26 Migr76 LiqStable↓ ValBalanced— DivergModerate CycleRecovery 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	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	St. Louis, MO-IL41180	48	NeutralNeutral	▼ 3	53	34	24	13	64	98	Stable—	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price53 Permits34 Per Cap24 Afford13 Employ64 Migr98 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
169	Spokane, WA44060	47	NeutralNeutral	▼ 7	24	16	60	65	92	24	Watch—	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price24 Permits16 Per Cap60 Afford65 Employ92 Migr24 LiqWatch— ValBalanced— CycleHypersupply Full metro detail →
169	El Centro, CA20940	47	NeutralNeutral	▼ 9	95	2	4	95	12	74	Watch↓	Compressed↑	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price95 Permits2 Per Cap4 Afford95 Employ12 Migr74 LiqWatch↓ ValCompressed↑ CycleRecovery 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 →
169	Tucson, AZ46060	47	NeutralNeutral	▼ 5	21	33	54	77	84	11	Watch↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price21 Permits33 Per Cap54 Afford77 Employ84 Migr11 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
175	Philadelphia, PA-NJ-DE-MD37980	47	NeutralNeutral	▼ 3	76	50	23	20	16	97	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price76 Permits50 Per Cap23 Afford20 Employ16 Migr97 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
179	Daphne, AL19300	46	NeutralNeutral	▼ 8	27	19	96	52	67	18	Stable↓	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price27 Permits19 Per Cap96 Afford52 Employ67 Migr18 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
179	Boulder, CO14500	46	NeutralNeutral	▼ 1	11	78	65	49	44	26	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price11 Permits78 Per Cap65 Afford49 Employ44 Migr26 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
179	Chattanooga, TN-GA16860	46	NeutralNeutral	▼ 12	53	24	62	83	34	21	Watch↑	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price53 Permits24 Per Cap62 Afford83 Employ34 Migr21 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
179	Binghamton, NY13780	46	NeutralNeutral	▼ 11	99	18	11	51	24	72	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price99 Permits18 Per Cap11 Afford51 Employ24 Migr72 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
179	Idaho Falls, ID26820	46	NeutralNeutral	▼ 14	34	2	90	66	41	40	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price34 Permits2 Per Cap90 Afford66 Employ41 Migr40 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
192	Hanford, CA25260	45	NeutralNeutral	▼ 10	27	4	39	46	93	59	Stable↓	Balanced↓	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price27 Permits4 Per Cap39 Afford46 Employ93 Migr59 LiqStable↓ ValBalanced↓ CycleRecovery 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 →
192	Erie, PA21500	45	NeutralNeutral	▼ 9	100	8	4	45	36	75	Watch↑	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price100 Permits8 Per Cap4 Afford45 Employ36 Migr75 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
192	Port St. Lucie, FL38940	45	NeutralNeutral	▼ 2	16	29	90	91	40	4	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price16 Permits29 Per Cap90 Afford91 Employ40 Migr4 LiqStable↓ ValBalanced— CycleRecovery 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 →
197	Allentown, PA-NJ10900	44	NeutralNeutral	▼ 1	86	86	34	17	20	21	Stable↓	Balanced—	High	Expansion	—	—	—	Mod	—	›
Structural Drivers Price86 Permits86 Per Cap34 Afford17 Employ20 Migr21 LiqStable↓ ValBalanced— DivergHigh CycleExpansion Full metro detail →
197	Naples, FL34940	44	NeutralNeutral	▼ 4	0	15	78	89	81	1	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price0 Permits15 Per Cap78 Afford89 Employ81 Migr1 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
201	Chicago, IL-IN16980	45	NeutralNeutral	▼ 9	80	41	15	1	36	99	Stable—	Balanced—	Low	Expansion	—	—	—	—	—	›
Structural Drivers Price80 Permits41 Per Cap15 Afford1 Employ36 Migr99 LiqStable— ValBalanced— DivergLow CycleExpansion Full metro detail →
204	Columbus, GA-AL17980	43	NeutralNeutral	▼ 11	79	15	17	42	29	75	Stable—	Balanced—	Low	Recovery	—	—	—	—	—	›
Structural Drivers Price79 Permits15 Per Cap17 Afford42 Employ29 Migr75 LiqStable— ValBalanced— DivergLow CycleRecovery Full metro detail →
204	Akron, OH10420	43	NeutralNeutral	▼ 5	77	6	7	10	72	88	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price77 Permits6 Per Cap7 Afford10 Employ72 Migr88 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
204	Barnstable Town, MA12700	43	NeutralNeutral	▼ 8	44	10	36	97	58	15	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price44 Permits10 Per Cap36 Afford97 Employ58 Migr15 LiqStable↓ ValBalanced— CycleRecovery 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	Dover, DE20100	42	NeutralNeutral	▼ 16	38	59	75	13	38	30	Stable↓	Balanced↓	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price38 Permits59 Per Cap75 Afford13 Employ38 Migr30 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
212	Columbia, MO17860	42	NeutralNeutral	▼ 19	26	3	48	16	83	76	Stable↓	Balanced↓	High	Recovery	—	—	—	—	—	›
Structural Drivers Price26 Permits3 Per Cap48 Afford16 Employ83 Migr76 LiqStable↓ ValBalanced↓ DivergHigh CycleRecovery Full metro detail →
212	Jefferson City, MO27620	42	NeutralNeutral	▼ 5	89	52	10	37	7	56	Stable↑	Balanced—	High	Expansion	—	—	—	—	—	›
Structural Drivers Price89 Permits52 Per Cap10 Afford37 Employ7 Migr56 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
212	Vineland, NJ47220	42	NeutralNeutral	▼ 13	60	50	9	63	14	53	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price60 Permits50 Per Cap9 Afford63 Employ14 Migr53 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
212	Springfield, IL44100	42	NeutralNeutral	▼ 2	81	10	3	0	91	68	Stable↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price81 Permits10 Per Cap3 Afford0 Employ91 Migr68 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
212	Memphis, TN-MS-AR32820	42	NeutralNeutral	▼ 7	24	17	29	21	60	98	Stable—	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price24 Permits17 Per Cap29 Afford21 Employ60 Migr98 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
212	Phoenix, AZ38060	42	NeutralNeutral	▼ 4	25	33	83	88	25	0	Watch↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price25 Permits33 Per Cap83 Afford88 Employ25 Migr0 LiqWatch↓ ValBalanced— CycleRecovery 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	Hagerstown, MD-WV25180	41	NeutralNeutral	▼ 15	18	39	64	16	91	20	Watch↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price18 Permits39 Per Cap64 Afford16 Employ91 Migr20 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
223	Hartford, CT25540	41	NeutralNeutral	▼ 4	81	8	7	2	53	95	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price81 Permits8 Per Cap7 Afford2 Employ53 Migr95 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
223	Charleston, SC16700	41	NeutralNeutral	▼ 6	13	31	89	99	11	3	Watch↓	Balanced—	Moderate	Recovery	—	—	—	Div	—	›
Structural Drivers Price13 Permits31 Per Cap89 Afford99 Employ11 Migr3 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery 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 →
223	York, PA49620	41	NeutralNeutral	▼ 2	37	82	44	9	48	24	Stable↓	Balanced↓	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price37 Permits82 Per Cap44 Afford9 Employ48 Migr24 LiqStable↓ ValBalanced↓ CycleExpansion Full metro detail →
229	Santa Maria, CA42200	40	BelowBelow Average	▼ 15	33	46	15	72	39	36	Watch—	Balanced—	—	Hypersupply	—	—	—	Div	—	›
Structural Drivers Price33 Permits46 Per Cap15 Afford72 Employ39 Migr36 LiqWatch— ValBalanced— CycleHypersupply Full metro detail →
229	Hilton Head Island, SC25940	40	BelowBelow Average	▼ 9	3	53	97	75	3	10	Stable↓	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price3 Permits53 Per Cap97 Afford75 Employ3 Migr10 LiqStable↓ ValBalanced↓ CycleRecovery 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 →
234	Cape Coral, FL15980	39	BelowBelow Average	▼ 3	1	31	99	64	36	2	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price1 Permits31 Per Cap99 Afford64 Employ36 Migr2 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
234	San Luis Obispo, CA42020	39	BelowBelow Average	▼ 16	40	14	28	71	66	14	Stable↓	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price40 Permits14 Per Cap28 Afford71 Employ66 Migr14 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
234	Norwich, CT35980	39	BelowBelow Average	▼ 11	84	16	8	11	74	42	Stable↑	Compressed—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price84 Permits16 Per Cap8 Afford11 Employ74 Migr42 LiqStable↑ ValCompressed— CycleExpansion Full metro detail →
234	Amarillo, TX11100	39	BelowBelow Average	▼ 14	28	54	56	29	21	48	Stable↓	Balanced↓	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price28 Permits54 Per Cap56 Afford29 Employ21 Migr48 LiqStable↓ ValBalanced↓ DivergModerate CycleRecovery 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	Harrisburg, PA25420	38	BelowBelow Average	▼ 3	78	15	22	10	32	69	Stable↓	Balanced—	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price78 Permits15 Per Cap22 Afford10 Employ32 Migr69 LiqStable↓ ValBalanced— DivergHigh CycleRecovery 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 →
239	St. George, UT41100	38	BelowBelow Average	▼ 12	19	23	97	30	42	18	Watch↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price19 Permits23 Per Cap97 Afford30 Employ42 Migr18 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
239	Reno, NV39900	38	BelowBelow Average	▼ 15	29	9	65	37	79	10	Stable↓	Balanced↓	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price29 Permits9 Per Cap65 Afford37 Employ79 Migr10 LiqStable↓ ValBalanced↓ DivergHigh CycleRecovery 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 →
245	Austin, TX12420	37	BelowBelow Average	▼ 3	5	21	93	68	32	1	Stable—	Balanced—	Low	Expansion	—	—	—	Div	—	›
Structural Drivers Price5 Permits21 Per Cap93 Afford68 Employ32 Migr1 LiqStable— ValBalanced— DivergLow CycleExpansion Full metro detail →
248	Albany, NY10580	36	BelowBelow Average	▼ 16	72	24	26	15	27	54	Stable↓	—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price72 Permits24 Per Cap26 Afford15 Employ27 Migr54 LiqStable↓ DivergModerate CycleRecovery Full metro detail →
248	Springfield, MO44180	36	BelowBelow Average	▼ 2	42	14	43	49	10	57	Stable↑	Balanced↓	Low	Expansion	—	—	—	—	—	›
Structural Drivers Price42 Permits14 Per Cap43 Afford49 Employ10 Migr57 LiqStable↑ ValBalanced↓ DivergLow CycleExpansion 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	Punta Gorda, FL39460	35	BelowBelow Average	▼ 7	0	5	98	79	16	14	Stable↓	Balanced↑	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price0 Permits5 Per Cap98 Afford79 Employ16 Migr14 LiqStable↓ ValBalanced↑ CycleRecovery 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 →
252	Yuba City, CA49700	35	BelowBelow Average	▼ 9	20	48	53	48	2	38	Stable↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price20 Permits48 Per Cap53 Afford48 Employ2 Migr38 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
258	State College, PA44300	34	BelowBelow Average	▼ 18	29	16	20	32	25	80	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price29 Permits16 Per Cap20 Afford32 Employ25 Migr80 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
258	Monroe, MI33780	34	BelowBelow Average	▼ 11	77	7	8	7	62	45	Stable↑	Balanced↓	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price77 Permits7 Per Cap8 Afford7 Employ62 Migr45 LiqStable↑ ValBalanced↓ CycleExpansion 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 →
259	Dallas, TX19100	37	BelowBelow Average	▼ 3	9	42	86	36	47	0	Stable↓	Balanced—	Low	Recovery	—	—	—	Div	—	›
Structural Drivers Price9 Permits42 Per Cap86 Afford36 Employ47 Migr0 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
262	Longview, TX30980	32	BelowBelow Average	▼ 4	38	12	2	80	19	44	Watch—	Balanced—	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price38 Permits12 Per Cap2 Afford80 Employ19 Migr44 LiqWatch— ValBalanced— DivergHigh CycleHypersupply Full metro detail →
263	Rochester, MN40340	31	BelowBelow Average	▼ 23	48	1	42	12	0	84	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price48 Permits1 Per Cap42 Afford12 Employ0 Migr84 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
263	San Antonio, TX41700	31	BelowBelow Average	▼ 3	45	8	49	62	18	5	Stable↓	Compressed—	Low	Recovery	—	—	—	Con	—	›
Structural Drivers Price45 Permits8 Per Cap49 Afford62 Employ18 Migr5 LiqStable↓ ValCompressed— DivergLow CycleRecovery 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 →
267	Raleigh, NC39580	29	BelowBelow Average	▼ 3	9	41	95	6	15	6	Watch↓	Balanced—	Moderate	Recovery	—	—	—	Div	—	›
Structural Drivers Price9 Permits41 Per Cap95 Afford6 Employ15 Migr6 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
267	Vallejo, CA46700	29	BelowBelow Average	▼ 12	17	1	16	21	96	25	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price17 Permits1 Per Cap16 Afford21 Employ96 Migr25 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
270	Lake Charles, LA29340	27	BelowBelow Average	▼ 34	31	0	30	23	11	66	Stable↓	Balanced↓	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price31 Permits0 Per Cap30 Afford23 Employ11 Migr66 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
271	Sebastian, FL42680	26	BelowBelow Average	▼ 6	3	0	10	84	40	17	Stable↓	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price3 Permits0 Per Cap10 Afford84 Employ40 Migr17 LiqStable↓ ValBalanced— CycleExpansion Full metro detail →
271	Urban Honolulu, HI46520	26	BelowBelow Average	▼ 4	5	32	10	1	21	89	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price5 Permits32 Per Cap10 Afford1 Employ21 Migr89 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
274	Stockton, CA44700	15	LowLow Risk	▼ 21	2	6	38	21	15	9	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price2 Permits6 Per Cap38 Afford21 Employ15 Migr9 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →

134 of 287 metros shown