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 →

135 of 287metros

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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	Bloomington, IN14020	82	HighHigh Risk	▲ 22	72	85	81	73	100	83	Stable↓	—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price72 Permits85 Per Cap81 Afford73 Employ100 Migr83 LiqStable↓ CycleRecovery Full metro detail →
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 →
3	Abilene, TX10180	76	ElevatedElevated	▲ 30	98	99	72	90	51	47	Stable↓	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price98 Permits99 Per Cap72 Afford90 Employ51 Migr47 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
4	Gainesville, FL23540	74	ElevatedElevated	▲ 12	23	87	69	98	92	77	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price23 Permits87 Per Cap69 Afford98 Employ92 Migr77 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
5	Blacksburg, VA13980	72	ElevatedElevated	▲ 5	94	56	32	81	97	70	Watch↑	Balanced↑	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price94 Permits56 Per Cap32 Afford81 Employ97 Migr70 LiqWatch↑ ValBalanced↑ DivergModerate 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 →
6	Elkhart, IN21140	70	ElevatedElevated	▲ 8	97	89	33	40	81	78	Stable↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price97 Permits89 Per Cap33 Afford40 Employ81 Migr78 LiqStable↓ ValBalanced— CycleRecovery 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 →
9	Tallahassee, FL45220	68	ElevatedElevated	▲ 2	15	75	77	71	75	92	Watch—	Balanced—	Low	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price15 Permits75 Per Cap77 Afford71 Employ75 Migr92 LiqWatch— ValBalanced— DivergLow CycleHypersupply Full metro detail →
9	Syracuse, NY45060	68	ElevatedElevated	▲ 11	99	99	41	33	45	91	Stable↓	Compressed—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price99 Permits99 Per Cap41 Afford33 Employ45 Migr91 LiqStable↓ ValCompressed— DivergModerate CycleRecovery Full metro detail →
13	Chambersburg, PA16540	67	ElevatedElevated	▲ 13	92	88	71	26	84	43	Stable↓	Compressed—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price92 Permits88 Per Cap71 Afford26 Employ84 Migr43 LiqStable↓ ValCompressed— CycleRecovery Full metro detail →
13	Eau Claire, WI20740	67	ElevatedElevated	▲ 4	85	49	63	81	73	53	Stable↓	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price85 Permits49 Per Cap63 Afford81 Employ73 Migr53 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
13	Crestview, FL18880	67	ElevatedElevated	▲ 15	93	21	95	79	93	23	Stable↓	Compressed—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price93 Permits21 Per Cap95 Afford79 Employ93 Migr23 LiqStable↓ ValCompressed— CycleRecovery 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	Portland, ME38860	66	ElevatedElevated	▲ 6	75	67	67	82	95	12	Watch↑	Compressed—	High	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price75 Permits67 Per Cap67 Afford82 Employ95 Migr12 LiqWatch↑ ValCompressed— DivergHigh CycleHypersupply Full metro detail →
19	Kingston, NY28740	66	ElevatedElevated	▲ 8	98	96	35	88	62	14	Stable↓	Compressed—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price98 Permits96 Per Cap35 Afford88 Employ62 Migr14 LiqStable↓ ValCompressed— CycleRecovery Full metro detail →
23	Fayetteville, NC22180	65	ElevatedElevated	▲ 14	22	77	63	40	94	92	Stable↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price22 Permits77 Per Cap63 Afford40 Employ94 Migr92 LiqStable↓ ValBalanced— CycleRecovery 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 →
27	Bremerton, WA14740	63	ElevatedElevated	▲ 16	70	91	73	25	99	19	Stable↑	Balanced—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price70 Permits91 Per Cap73 Afford25 Employ99 Migr19 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
28	Medford, OR32780	62	ElevatedElevated	▲ 21	47	82	55	78	73	35	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price47 Permits82 Per Cap55 Afford78 Employ73 Migr35 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
28	Lexington, KY30460	62	ElevatedElevated	▲ 4	78	48	54	67	39	89	Watch—	Balanced—	Moderate	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price78 Permits48 Per Cap54 Afford67 Employ39 Migr89 LiqWatch— ValBalanced— DivergModerate CycleHypersupply 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	Joplin, MO-KS27900	62	ElevatedElevated	▲ 2	66	41	43	70	97	52	Stable—	Balanced↓	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price66 Permits41 Per Cap43 Afford70 Employ97 Migr52 LiqStable— ValBalanced↓ DivergModerate CycleExpansion Full metro detail →
28	Gulfport, MS25060	62	ElevatedElevated	▲ 3	63	71	84	62	55	39	Stable↑	Balanced—	High	Expansion	—	—	—	Con	—	›
Structural Drivers Price63 Permits71 Per Cap84 Afford62 Employ55 Migr39 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
37	Hickory, NC25860	61	ElevatedElevated	▲ 1	26	70	86	82	75	29	Watch↓	Balanced↑	High	Recovery	—	—	—	Con	—	›
Structural Drivers Price26 Permits70 Per Cap86 Afford82 Employ75 Migr29 LiqWatch↓ ValBalanced↑ DivergHigh CycleRecovery Full metro detail →
37	Los Angeles, CA31080	61	ElevatedElevated	▲ 4	30	57	22	90	66	99	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price30 Permits57 Per Cap22 Afford90 Employ66 Migr99 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
37	Laredo, TX29700	61	ElevatedElevated	▲ 5	99	40	60	60	22	84	Stable↑	Compressed↑	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price99 Permits40 Per Cap60 Afford60 Employ22 Migr84 LiqStable↑ ValCompressed↑ CycleRecovery Full metro detail →
39	New Orleans, LA35380	60	NeutralNeutral	▲ 12	74	32	15	78	61	97	Stable↑	Compressed—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price74 Permits32 Per Cap15 Afford78 Employ61 Migr97 LiqStable↑ ValCompressed— DivergModerate CycleExpansion Full metro detail →
39	Rochester, NY40380	60	NeutralNeutral	▲ 7	86	77	15	17	68	94	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price86 Permits77 Per Cap15 Afford17 Employ68 Migr94 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
39	Cincinnati, OH-KY-IN17140	60	NeutralNeutral	▲ 2	63	64	40	11	86	95	Watch↑	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price63 Permits64 Per Cap40 Afford11 Employ86 Migr95 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
40	Detroit, MI19820	60	NeutralNeutral	▲ 2	81	84	21	14	60	97	Watch—	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price81 Permits84 Per Cap21 Afford14 Employ60 Migr97 LiqWatch— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
44	College Station, TX17780	59	NeutralNeutral	▲ 6	40	67	88	96	3	61	Stable↑	Balanced—	High	Expansion	—	—	—	Con	—	›
Structural Drivers Price40 Permits67 Per Cap88 Afford96 Employ3 Migr61 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
44	Louisville/Jefferson County, KY-IN31140	59	NeutralNeutral	▲ 9	46	63	55	34	65	93	Watch↓	—	Low	Recovery	—	—	—	—	—	›
Structural Drivers Price46 Permits63 Per Cap55 Afford34 Employ65 Migr93 LiqWatch↓ DivergLow CycleRecovery Full metro detail →
44	Fort Smith, AR-OK22900	59	NeutralNeutral	▲ 25	62	81	34	76	34	68	Watch↑	Balanced↓	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price62 Permits81 Per Cap34 Afford76 Employ34 Migr68 LiqWatch↑ ValBalanced↓ DivergHigh CycleHypersupply Full metro detail →
44	Salt Lake City, UT41620	59	NeutralNeutral	▲ 15	41	83	68	60	7	96	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price41 Permits83 Per Cap68 Afford60 Employ7 Migr96 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
44	Florence, AL22520	59	NeutralNeutral	▲ 13	85	95	31	50	47	48	Stable↓	Compressed↑	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price85 Permits95 Per Cap31 Afford50 Employ47 Migr48 LiqStable↓ ValCompressed↑ CycleRecovery Full metro detail →
44	Clarksville, TN-KY17300	59	NeutralNeutral	▲ 1	66	59	87	71	45	26	Stable↓	Compressed—	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price66 Permits59 Per Cap87 Afford71 Employ45 Migr26 LiqStable↓ ValCompressed— DivergModerate CycleRecovery Full metro detail →
51	Anchorage, AK11260	58	NeutralNeutral	▲ 8	95	73	4	3	97	78	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price95 Permits73 Per Cap4 Afford3 Employ97 Migr78 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
51	New Haven, CT35300	58	NeutralNeutral	▲ 11	82	83	12	9	68	95	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price82 Permits83 Per Cap12 Afford9 Employ68 Migr95 LiqStable↓ ValBalanced— CycleRecovery 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 →
51	Jacksonville, NC27340	58	NeutralNeutral	▲ 2	6	67	72	75	92	34	Stable—	Balanced↓	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price6 Permits67 Per Cap72 Afford75 Employ92 Migr34 LiqStable— ValBalanced↓ CycleExpansion Full metro detail →
51	Fargo, ND-MN22020	58	NeutralNeutral	▲ 15	50	57	68	38	78	58	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price50 Permits57 Per Cap68 Afford38 Employ78 Migr58 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
51	Columbus, OH18140	58	NeutralNeutral	▲ 3	50	80	79	23	17	96	Watch↓	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price50 Permits80 Per Cap79 Afford23 Employ17 Migr96 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
61	San Diego, CA41740	57	NeutralNeutral	▲ 4	31	55	45	76	47	88	Stable—	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price31 Permits55 Per Cap45 Afford76 Employ47 Migr88 LiqStable— ValBalanced— CycleRecovery Full metro detail →
61	Spartanburg, SC43900	57	NeutralNeutral	▲ 7	79	77	92	66	13	17	Watch↑	Balanced—	—	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price79 Permits77 Per Cap92 Afford66 Employ13 Migr17 LiqWatch↑ 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 →
61	Youngstown, OH49660	57	NeutralNeutral	▲ 7	89	58	1	59	68	65	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price89 Permits58 Per Cap1 Afford59 Employ68 Migr65 LiqStable— ValBalanced— CycleExpansion Full metro detail →
69	Topeka, KS45820	56	NeutralNeutral	▲ 4	21	95	32	21	99	65	Stable↓	Balanced↓	Low	Recovery	—	—	—	—	—	›
Structural Drivers Price21 Permits95 Per Cap32 Afford21 Employ99 Migr65 LiqStable↓ ValBalanced↓ DivergLow CycleRecovery Full metro detail →
69	Portland, OR-WA38900	56	NeutralNeutral	▲ 2	25	38	42	41	88	99	Stable↓	—	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price25 Permits38 Per Cap42 Afford41 Employ88 Migr99 LiqStable↓ DivergHigh CycleRecovery Full metro detail →
76	Grand Rapids, MI24340	55	NeutralNeutral	▲ 9	68	68	46	47	40	61	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price68 Permits68 Per Cap46 Afford47 Employ40 Migr61 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
76	Lansing, MI29620	55	NeutralNeutral	▲ 15	71	88	16	17	48	90	Stable↓	Balanced↓	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price71 Permits88 Per Cap16 Afford17 Employ48 Migr90 LiqStable↓ ValBalanced↓ DivergModerate CycleRecovery Full metro detail →
76	Niles, MI35660	55	NeutralNeutral	▲ 7	87	60	27	69	48	41	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price87 Permits60 Per Cap27 Afford69 Employ48 Migr41 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
76	Orlando, FL36740	55	NeutralNeutral	▲ 11	21	78	91	86	51	3	Stable↓	Balanced—	High	Recovery	—	—	—	Div	—	›
Structural Drivers Price21 Permits78 Per Cap91 Afford86 Employ51 Migr3 LiqStable↓ ValBalanced— DivergHigh CycleRecovery 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	Jackson, TN27180	55	NeutralNeutral	▲ 11	68	38	25	60	83	56	Watch↑	Balanced↑	Low	Hypersupply	—	—	—	—	—	›
Structural Drivers Price68 Permits38 Per Cap25 Afford60 Employ83 Migr56 LiqWatch↑ ValBalanced↑ DivergLow CycleHypersupply Full metro detail →
86	Utica, NY46540	54	NeutralNeutral	▲ 4	95	63	5	56	35	73	Watch↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price95 Permits63 Per Cap5 Afford56 Employ35 Migr73 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
86	Bend, OR13460	54	NeutralNeutral	▲ 15	27	96	95	90	5	8	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price27 Permits96 Per Cap95 Afford90 Employ5 Migr8 LiqStable↓ ValBalanced— DivergModerate CycleRecovery 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 →
86	Iowa City, IA26980	54	NeutralNeutral	▲ 4	36	97	79	7	22	86	Stable↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price36 Permits97 Per Cap79 Afford7 Employ22 Migr86 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
86	Lubbock, TX31180	54	NeutralNeutral	▲ 6	36	86	85	39	42	38	Stable↑	Balanced—	—	Expansion	—	—	—	—	—	›
Structural Drivers Price36 Permits86 Per Cap85 Afford39 Employ42 Migr38 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
86	Racine, WI39540	54	NeutralNeutral	▲ 12	86	51	27	26	99	37	Stable↑	Balanced↓	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price86 Permits51 Per Cap27 Afford26 Employ99 Migr37 LiqStable↑ ValBalanced↓ CycleExpansion Full metro detail →
97	Bridgeport, CT14860	53	NeutralNeutral	▲ 11	96	97	46	1	66	13	Stable—	Compressed—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price96 Permits97 Per Cap46 Afford1 Employ66 Migr13 LiqStable— ValCompressed— CycleExpansion Full metro detail →
97	Kalamazoo, MI28020	53	NeutralNeutral	▲ 15	67	79	14	32	45	80	Watch↑	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price67 Permits79 Per Cap14 Afford32 Employ45 Migr80 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
97	Richmond, VA40060	53	NeutralNeutral	▲ 5	70	60	75	49	49	16	Stable↓	Balanced—	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price70 Permits60 Per Cap75 Afford49 Employ49 Migr16 LiqStable↓ ValBalanced— DivergModerate CycleRecovery 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	Birmingham, AL13820	53	NeutralNeutral	▲ 6	49	74	45	24	37	89	Stable—	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price49 Permits74 Per Cap45 Afford24 Employ37 Migr89 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
97	Wichita, KS48620	53	NeutralNeutral	▲ 9	37	64	56	27	64	72	Watch↓	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price37 Permits64 Per Cap56 Afford27 Employ64 Migr72 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
97	Oklahoma City, OK36420	53	NeutralNeutral	▲ 10	56	76	67	53	39	27	Stable—	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price56 Permits76 Per Cap67 Afford53 Employ39 Migr27 LiqStable— ValBalanced— DivergModerate CycleRecovery 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 →
97	Colorado Springs, CO17820	53	NeutralNeutral	▲ 18	22	92	80	35	72	18	Watch—	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price22 Permits92 Per Cap80 Afford35 Employ72 Migr18 LiqWatch— ValBalanced— CycleHypersupply Full metro detail →
104	Miami, FL33100	53	NeutralNeutral	▲ 19	34	87	45	100	50	0	Stable↓	Balanced—	High	Recovery	—	—	—	Div	—	›
Structural Drivers Price34 Permits87 Per Cap45 Afford100 Employ50 Migr0 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
109	Reading, PA39740	52	NeutralNeutral	▲ 8	96	93	2	22	41	60	Stable↓	Compressed—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price96 Permits93 Per Cap2 Afford22 Employ41 Migr60 LiqStable↓ ValCompressed— CycleRecovery Full metro detail →
109	Macon, GA31420	52	NeutralNeutral	▲ 1	97	28	23	55	67	44	Stable—	Compressed—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price97 Permits28 Per Cap23 Afford55 Employ67 Migr44 LiqStable— ValCompressed— DivergModerate CycleExpansion Full metro detail →
109	North Port, FL35840	52	NeutralNeutral	▲ 10	10	80	100	93	29	0	Stable↓	Compressed↑	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price10 Permits80 Per Cap100 Afford93 Employ29 Migr0 LiqStable↓ ValCompressed↑ CycleRecovery 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 →
109	Huntington, WV-KY-OH26580	52	NeutralNeutral	▲ 9	97	96	8	37	28	49	Stable—	Balanced↑	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price97 Permits96 Per Cap8 Afford37 Employ28 Migr49 LiqStable— ValBalanced↑ DivergModerate CycleRecovery Full metro detail →
109	Canton, OH15940	52	NeutralNeutral	▲ 5	76	84	13	19	74	47	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price76 Permits84 Per Cap13 Afford19 Employ74 Migr47 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
109	Columbia, SC17900	52	NeutralNeutral	▲ 1	59	55	78	42	30	48	Stable↓	Balanced—	High	Expansion	—	—	—	—	—	›
Structural Drivers Price59 Permits55 Per Cap78 Afford42 Employ30 Migr48 LiqStable↓ ValBalanced— DivergHigh CycleExpansion Full metro detail →
123	Ogden, UT36260	51	NeutralNeutral	▲ 5	36	71	66	41	60	30	Watch—	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price36 Permits71 Per Cap66 Afford41 Employ60 Migr30 LiqWatch— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
123	Tuscaloosa, AL46220	51	NeutralNeutral	▲ 9	69	29	24	64	43	77	Watch↓	Balanced—	High	Recovery	—	—	—	—	—	›
Structural Drivers Price69 Permits29 Per Cap24 Afford64 Employ43 Migr77 LiqWatch↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
133	Boise City, ID14260	50	NeutralNeutral	▲ 5	32	62	94	86	18	6	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price32 Permits62 Per Cap94 Afford86 Employ18 Migr6 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
133	Springfield, MA44140	50	NeutralNeutral	▲ 8	74	36	1	61	36	91	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price74 Permits36 Per Cap1 Afford61 Employ36 Migr91 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
133	Palm Bay, FL37340	50	NeutralNeutral	▲ 10	17	53	79	89	56	7	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price17 Permits53 Per Cap79 Afford89 Employ56 Migr7 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
133	Modesto, CA33700	50	NeutralNeutral	▲ 8	11	73	19	65	82	51	Watch—	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price11 Permits73 Per Cap19 Afford65 Employ82 Migr51 LiqWatch— ValBalanced— CycleHypersupply Full metro detail →
133	Des Moines, IA19780	50	NeutralNeutral	▲ 5	52	81	85	5	50	25	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price52 Permits81 Per Cap85 Afford5 Employ50 Migr25 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
133	Coeur d'Alene, ID17660	50	NeutralNeutral	▲ 2	22	66	91	94	6	19	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price22 Permits66 Per Cap91 Afford94 Employ6 Migr19 LiqStable— ValBalanced— CycleExpansion 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	Sioux Falls, SD-MN43620	49	NeutralNeutral	▲ 4	69	27	85	34	52	26	Watch↓	Balanced—	High	Recovery	—	—	—	—	—	›
Structural Drivers Price69 Permits27 Per Cap85 Afford34 Employ52 Migr26 LiqWatch↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
148	Monroe, LA33740	49	NeutralNeutral	▲ 6	61	76	21	64	10	64	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price61 Permits76 Per Cap21 Afford64 Employ10 Migr64 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
148	Fort Wayne, IN23060	49	NeutralNeutral	▲ 3	80	11	41	39	51	71	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price80 Permits11 Per Cap41 Afford39 Employ51 Migr71 LiqStable↓ ValBalanced— DivergModerate CycleRecovery 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 →
157	San Francisco, CA41860	49	NeutralNeutral	▲ 10	9	81	12	4	86	100	Stable—	Balanced—	High	Expansion	—	—	—	Div	—	›
Structural Drivers Price9 Permits81 Per Cap12 Afford4 Employ86 Migr100 LiqStable— ValBalanced— DivergHigh CycleExpansion Full metro detail →
158	Waterloo, IA47940	48	NeutralNeutral	▲ 11	45	69	29	43	34	66	Watch↑	Balanced—	Moderate	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price45 Permits69 Per Cap29 Afford43 Employ34 Migr66 LiqWatch↑ ValBalanced— DivergModerate 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	Chico, CA17020	48	NeutralNeutral	▲ 6	13	61	57	84	30	42	Stable—	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price13 Permits61 Per Cap57 Afford84 Employ30 Migr42 LiqStable— ValBalanced↓ CycleRecovery Full metro detail →
158	Montgomery, AL33860	48	NeutralNeutral	▲ 13	38	56	22	4	78	90	Stable↓	Balanced—	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price38 Permits56 Per Cap22 Afford4 Employ78 Migr90 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
158	Provo, UT39340	48	NeutralNeutral	▲ 3	54	75	92	34	17	15	Watch↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price54 Permits75 Per Cap92 Afford34 Employ17 Migr15 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
169	Houston, TX26420	47	NeutralNeutral	▲ 3	19	53	88	66	43	15	Watch↓	Balanced—	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price19 Permits53 Per Cap88 Afford66 Employ43 Migr15 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery 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	Santa Fe, NM42140	47	NeutralNeutral	▲ 24	88	98	45	15	5	33	Watch↑	Compressed—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price88 Permits98 Per Cap45 Afford15 Employ5 Migr33 LiqWatch↑ ValCompressed— 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 →
179	Lafayette, LA29180	46	NeutralNeutral	▲ 2	57	62	60	52	18	29	Stable↓	Balanced—	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price57 Permits62 Per Cap60 Afford52 Employ18 Migr29 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
179	Deltona, FL19660	46	NeutralNeutral	▲ 1	7	37	82	93	52	5	Stable↓	Balanced↑	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price7 Permits37 Per Cap82 Afford93 Employ52 Migr5 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
179	Tulsa, OK46140	46	NeutralNeutral	▲ 13	39	78	59	58	10	29	Stable—	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price39 Permits78 Per Cap59 Afford58 Employ10 Migr29 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
179	Nashville, TN34980	46	NeutralNeutral	▲ 6	37	47	90	80	19	3	Watch—	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price37 Permits47 Per Cap90 Afford80 Employ19 Migr3 LiqWatch— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
179	Myrtle Beach, SC34820	46	NeutralNeutral	▲ 2	43	45	100	83	1	4	Stable—	Balanced↓	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price43 Permits45 Per Cap100 Afford83 Employ1 Migr4 LiqStable— ValBalanced↓ CycleExpansion Full metro detail →
179	Flint, MI22420	46	NeutralNeutral	▲ 1	87	74	6	30	27	53	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price87 Permits74 Per Cap6 Afford30 Employ27 Migr53 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
179	Minneapolis, MN-WI33460	46	NeutralNeutral	▲ 4	44	36	48	8	38	100	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price44 Permits36 Per Cap48 Afford8 Employ38 Migr100 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
185	Tampa, FL45300	46	NeutralNeutral	▲ 10	13	65	77	100	22	1	Stable↓	Balanced↑	Moderate	Expansion	—	—	—	Div	—	›
Structural Drivers Price13 Permits65 Per Cap77 Afford100 Employ22 Migr1 LiqStable↓ ValBalanced↑ DivergModerate CycleExpansion Full metro detail →
192	Albuquerque, NM10740	45	NeutralNeutral	▲ 5	34	52	38	19	60	67	Stable—	Balanced—	Low	Recovery	—	—	—	Con	—	›
Structural Drivers Price34 Permits52 Per Cap38 Afford19 Employ60 Migr67 LiqStable— ValBalanced— DivergLow CycleRecovery Full metro detail →
197	Lancaster, PA29540	44	NeutralNeutral	▲ 12	94	62	34	20	14	37	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price94 Permits62 Per Cap34 Afford20 Employ14 Migr37 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
197	Jackson, MS27140	44	NeutralNeutral	▲ 5	63	73	23	14	8	85	Stable↑	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price63 Permits73 Per Cap23 Afford14 Employ8 Migr85 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
197	Salinas, CA41500	44	NeutralNeutral	▲ 8	34	94	17	58	32	32	Stable↓	Balanced↑	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price34 Permits94 Per Cap17 Afford58 Employ32 Migr32 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
204	Pittsburgh, PA38300	43	NeutralNeutral	▲ 3	64	27	22	28	19	99	Stable↓	Balanced—	Moderate	Expansion	—	—	—	Div	—	›
Structural Drivers Price64 Permits27 Per Cap22 Afford28 Employ19 Migr99 LiqStable↓ ValBalanced— DivergModerate CycleExpansion Full metro detail →
204	Scranton, PA42540	43	NeutralNeutral	▲ 2	79	55	5	43	27	49	Stable↓	Balanced↓	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price79 Permits55 Per Cap5 Afford43 Employ27 Migr49 LiqStable↓ ValBalanced↓ DivergHigh CycleRecovery Full metro detail →
204	Beaumont, TX13140	43	NeutralNeutral	▲ 8	14	47	28	44	44	83	Stable—	Balanced—	Low	Expansion	—	—	—	Mod	—	›
Structural Drivers Price14 Permits47 Per Cap28 Afford44 Employ44 Migr83 LiqStable— ValBalanced— DivergLow CycleExpansion Full metro detail →
204	Jacksonville, FL27260	43	NeutralNeutral	▲ 5	28	27	83	85	34	2	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price28 Permits27 Per Cap83 Afford85 Employ34 Migr2 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
212	Manchester, NH31700	42	NeutralNeutral	▲ 10	90	4	13	36	53	55	Watch↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price90 Permits4 Per Cap13 Afford36 Employ53 Migr55 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
212	Riverside, CA40140	42	NeutralNeutral	▲ 4	23	49	39	82	54	7	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price23 Permits49 Per Cap39 Afford82 Employ54 Migr7 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
212	Little Rock, AR30780	42	NeutralNeutral	▲ 2	32	84	52	22	20	45	Stable—	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price32 Permits84 Per Cap52 Afford22 Employ20 Migr45 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
223	Huntsville, AL26620	41	NeutralNeutral	▲ 10	68	30	88	10	33	19	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price68 Permits30 Per Cap88 Afford10 Employ33 Migr19 LiqStable— ValBalanced— CycleExpansion Full metro detail →
229	Denver, CO19740	40	BelowBelow Average	▲ 5	14	54	62	45	57	11	Watch—	Balanced—	Low	Hypersupply	—	—	—	—	—	›
Structural Drivers Price14 Permits54 Per Cap62 Afford45 Employ57 Migr11 LiqWatch— ValBalanced— DivergLow CycleHypersupply Full metro detail →
239	Santa Rosa, CA42220	38	BelowBelow Average	▲ 17	16	93	42	14	49	12	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price16 Permits93 Per Cap42 Afford14 Employ49 Migr12 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
245	Redding, CA39820	37	BelowBelow Average	▲ 4	8	79	12	42	49	30	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price8 Permits79 Per Cap12 Afford42 Employ49 Migr30 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
248	Hattiesburg, MS25620	36	BelowBelow Average	▲ 2	12	9	1	73	70	52	Stable↑	Balanced↓	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price12 Permits9 Per Cap1 Afford73 Employ70 Migr52 LiqStable↑ ValBalanced↓ CycleExpansion Full metro detail →
252	Santa Cruz, CA42100	35	BelowBelow Average	▲ 14	7	99	21	25	29	27	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price7 Permits99 Per Cap21 Afford25 Employ29 Migr27 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
258	Decatur, AL19460	34	BelowBelow Average	▲ 8	10	72	14	32	29	49	Stable—	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price10 Permits72 Per Cap14 Afford32 Employ29 Migr49 LiqStable— ValBalanced— CycleRecovery 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 →
269	Charleston, WV16620	28	BelowBelow Average	▲ 5	15	18	0	12	54	67	Stable—	Balanced—	—	Recovery	—	—	—	—	—	›
Structural Drivers Price15 Permits18 Per Cap0 Afford12 Employ54 Migr67 LiqStable— ValBalanced— CycleRecovery Full metro detail →

135 of 287 metros shown