U.S. Metro Housing Market Rankings

June 2026 · 274 metros scored

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

117 of 274metros

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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	College Station, TX17780	72	ElevatedElevated	▲ 10	72	91	92	97	20	61	Watch↑	Balanced↑	Moderate	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price72 Permits91 Per Cap92 Afford97 Employ20 Migr61 LiqWatch↑ ValBalanced↑ DivergModerate CycleHypersupply Full metro detail →
3	South Bend, IN-MI43780	70	ElevatedElevated	▲ 4	69	82	39	70	87	74	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price69 Permits82 Per Cap39 Afford70 Employ87 Migr74 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
3	Waterloo, IA47940	70	ElevatedElevated	▲ 4	75	93	36	48	100	66	Stable↓	Balanced—	High	Recovery	—	—	—	Con	—	›
Structural Drivers Price75 Permits93 Per Cap36 Afford48 Employ100 Migr66 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
7	Hickory, NC25860	69	ElevatedElevated	▲ 1	40	81	89	82	93	29	Watch—	Balanced—	Moderate	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price40 Permits81 Per Cap89 Afford82 Employ93 Migr29 LiqWatch— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
7	Syracuse, NY45060	69	ElevatedElevated	▲ 2	65	100	45	32	79	91	Watch↓	Balanced—	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price65 Permits100 Per Cap45 Afford32 Employ79 Migr91 LiqWatch↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
9	Odessa, TX36220	68	ElevatedElevated	▲ 7	38	78	77	68	70	77	Stress↑	Compressed↑	—	Recession	—	—	—	Div	—	›
Structural Drivers Price38 Permits78 Per Cap77 Afford68 Employ70 Migr77 LiqStress↑ ValCompressed↑ CycleRecession Full metro detail →
9	Madison, WI31540	68	ElevatedElevated	▲ 7	30	89	92	18	95	86	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price30 Permits89 Per Cap92 Afford18 Employ95 Migr86 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
12	Logan, UT-ID30860	67	ElevatedElevated	▲ 3	82	73	89	81	23	55	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price82 Permits73 Per Cap89 Afford81 Employ23 Migr55 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
12	Pensacola, FL37860	67	ElevatedElevated	▲ 7	90	60	77	87	54	32	Stable—	Balanced↑	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price90 Permits60 Per Cap77 Afford87 Employ54 Migr32 LiqStable— ValBalanced↑ CycleRecovery Full metro detail →
15	Yuma, AZ49740	66	ElevatedElevated	▲ 3	84	28	62	72	92	59	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price84 Permits28 Per Cap62 Afford72 Employ92 Migr59 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
17	Eugene, OR21660	65	ElevatedElevated	▲ 4	38	88	46	85	96	35	Stable↑	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price38 Permits88 Per Cap46 Afford85 Employ96 Migr35 LiqStable↑ ValBalanced— CycleRecovery Full metro detail →
17	Kingston, NY28740	65	ElevatedElevated	▲ 1	71	97	41	84	81	14	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price71 Permits97 Per Cap41 Afford84 Employ81 Migr14 LiqStable— ValBalanced— CycleExpansion Full metro detail →
21	Corpus Christi, TX18580	64	ElevatedElevated	▲ 1	98	45	55	67	40	76	Stable↑	Balanced↓	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price98 Permits45 Per Cap55 Afford67 Employ40 Migr76 LiqStable↑ ValBalanced↓ DivergModerate CycleRecovery Full metro detail →
21	Appleton, WI11540	64	ElevatedElevated	▲ 2	24	98	71	16	89	84	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price24 Permits98 Per Cap71 Afford16 Employ89 Migr84 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
21	Naples, FL34940	64	ElevatedElevated	▲ 6	94	57	84	93	58	1	Stable↓	Compressed—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price94 Permits57 Per Cap84 Afford93 Employ58 Migr1 LiqStable↓ ValCompressed— CycleRecovery Full metro detail →
21	Bend, OR13460	64	ElevatedElevated	▲ 2	3	93	96	89	96	8	Watch↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price3 Permits93 Per Cap96 Afford89 Employ96 Migr8 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
21	Charleston, SC16700	64	ElevatedElevated	▲ 6	91	36	88	100	66	3	Stable—	Balanced—	Moderate	Expansion	—	—	—	Div	—	›
Structural Drivers Price91 Permits36 Per Cap88 Afford100 Employ66 Migr3 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
21	Crestview, FL18880	64	ElevatedElevated	▲ 8	83	31	95	78	77	23	Stable—	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price83 Permits31 Per Cap95 Afford78 Employ77 Migr23 LiqStable— ValBalanced— CycleRecovery Full metro detail →
28	Grand Junction, CO24300	63	ElevatedElevated	▲ 2	94	30	61	94	74	25	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price94 Permits30 Per Cap61 Afford94 Employ74 Migr25 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
28	Atlantic City, NJ12100	63	ElevatedElevated	▲ 12	92	25	48	91	91	33	Stable—	Balanced—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price92 Permits25 Per Cap48 Afford91 Employ91 Migr33 LiqStable— ValBalanced— CycleExpansion Full metro detail →
31	Auburn, AL12220	62	ElevatedElevated	▲ 6	92	81	95	63	1	37	Watch↑	Balanced↑	—	Hypersupply	—	—	—	—	—	›
Structural Drivers Price92 Permits81 Per Cap95 Afford63 Employ1 Migr37 LiqWatch↑ ValBalanced↑ CycleHypersupply Full metro detail →
34	Sebastian, FL42680	61	ElevatedElevated	▲ 13	92	86	10	86	75	17	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price92 Permits86 Per Cap10 Afford86 Employ75 Migr17 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
34	Ogden, UT36260	61	ElevatedElevated	▲ 2	57	85	66	40	90	30	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price57 Permits85 Per Cap66 Afford40 Employ90 Migr30 LiqStable— ValBalanced— CycleExpansion Full metro detail →
38	Asheville, NC11700	60	NeutralNeutral	▲ 6	40	87	93	99	26	13	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price40 Permits87 Per Cap93 Afford99 Employ26 Migr13 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
38	Roanoke, VA40220	60	NeutralNeutral	▲ 5	78	46	38	51	80	68	Stress↓	Balanced—	High	Hypersupply	—	—	—	—	—	›
Structural Drivers Price78 Permits46 Per Cap38 Afford51 Employ80 Migr68 LiqStress↓ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
38	Dothan, AL20020	60	NeutralNeutral	▲ 4	76	73	49	43	61	58	Stable—	Balanced↑	High	Expansion	—	—	—	—	—	›
Structural Drivers Price76 Permits73 Per Cap49 Afford43 Employ61 Migr58 LiqStable— ValBalanced↑ DivergHigh CycleExpansion Full metro detail →
47	Grand Rapids, MI24340	59	NeutralNeutral	▲ 1	55	67	44	45	82	61	Stable↑	Balanced—	High	Expansion	—	—	—	Con	—	›
Structural Drivers Price55 Permits67 Per Cap44 Afford45 Employ82 Migr61 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
47	Janesville, WI27500	59	NeutralNeutral	▲ 1	79	63	28	63	79	41	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price79 Permits63 Per Cap28 Afford63 Employ79 Migr41 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
47	Ann Arbor, MI11460	59	NeutralNeutral	▲ 2	64	84	52	8	66	81	—	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price64 Permits84 Per Cap52 Afford8 Employ66 Migr81 ValBalanced— CycleRecovery Full metro detail →
54	Portland, OR-WA38900	58	NeutralNeutral	▲ 2	23	41	44	40	99	99	Stable↓	—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price23 Permits41 Per Cap44 Afford40 Employ99 Migr99 LiqStable↓ DivergModerate CycleRecovery Full metro detail →
54	Bakersfield, CA12540	58	NeutralNeutral	▲ 9	16	65	40	68	75	85	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price16 Permits65 Per Cap40 Afford68 Employ75 Migr85 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
54	Bremerton, WA14740	58	NeutralNeutral	▲ 2	62	77	64	25	99	19	Stable—	Balanced—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price62 Permits77 Per Cap64 Afford25 Employ99 Migr19 LiqStable— ValBalanced— CycleExpansion Full metro detail →
54	Milwaukee, WI33340	58	NeutralNeutral	▲ 2	73	46	22	30	82	97	Stable↓	Balanced—	Low	Recovery	—	—	—	Div	—	›
Structural Drivers Price73 Permits46 Per Cap22 Afford30 Employ82 Migr97 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
54	Jacksonville, NC27340	58	NeutralNeutral	▲ 1	9	82	86	74	60	34	Stable↓	Balanced—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price9 Permits82 Per Cap86 Afford74 Employ60 Migr34 LiqStable↓ ValBalanced— CycleExpansion Full metro detail →
54	Modesto, CA33700	58	NeutralNeutral	▲ 7	41	97	30	69	60	51	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price41 Permits97 Per Cap30 Afford69 Employ60 Migr51 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
54	Coeur d'Alene, ID17660	58	NeutralNeutral	▲ 2	6	51	91	95	86	19	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price6 Permits51 Per Cap91 Afford95 Employ86 Migr19 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
54	Santa Maria, CA42200	58	NeutralNeutral	▲ 5	54	96	28	77	56	36	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price54 Permits96 Per Cap28 Afford77 Employ56 Migr36 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
64	Houma, LA26380	57	NeutralNeutral	▲ 3	85	19	29	60	77	74	Stable↓	Balanced↑	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price85 Permits19 Per Cap29 Afford60 Employ77 Migr74 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
64	Visalia, CA47300	57	NeutralNeutral	▲ 2	25	92	51	67	51	58	Stable↑	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price25 Permits92 Per Cap51 Afford67 Employ51 Migr58 LiqStable↑ ValBalanced— CycleRecovery Full metro detail →
64	Traverse City, MI45900	57	NeutralNeutral	▲ 8	18	44	75	84	85	38	Stable↑	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price18 Permits44 Per Cap75 Afford84 Employ85 Migr38 LiqStable↑ ValBalanced— DivergModerate CycleRecovery Full metro detail →
64	Fort Smith, AR-OK22900	57	NeutralNeutral	▲ 1	16	84	39	64	70	68	Stable↓	Balanced—	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price16 Permits84 Per Cap39 Afford64 Employ70 Migr68 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
70	Birmingham, AL13820	56	NeutralNeutral	▲ 4	59	86	49	24	29	89	Stable—	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price59 Permits86 Per Cap49 Afford24 Employ29 Migr89 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
70	Evansville, IN21780	56	NeutralNeutral	▲ 1	42	61	37	38	97	63	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price42 Permits61 Per Cap37 Afford38 Employ97 Migr63 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
70	Fort Wayne, IN23060	56	NeutralNeutral	▲ 10	77	41	43	38	67	71	Stable—	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price77 Permits41 Per Cap43 Afford38 Employ67 Migr71 LiqStable— ValBalanced— DivergModerate CycleRecovery Full metro detail →
70	Savannah, GA42340	56	NeutralNeutral	▲ 3	1	79	97	85	44	33	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price1 Permits79 Per Cap97 Afford85 Employ44 Migr33 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
70	Mobile, AL33660	56	NeutralNeutral	▲ 6	68	29	35	72	53	82	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price68 Permits29 Per Cap35 Afford72 Employ53 Migr82 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
80	Baton Rouge, LA12940	55	NeutralNeutral	▲ 3	68	81	59	29	6	86	Stable↓	Balanced—	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price68 Permits81 Per Cap59 Afford29 Employ6 Migr86 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
80	Muskegon, MI34740	55	NeutralNeutral	▲ 1	21	48	25	96	94	44	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price21 Permits48 Per Cap25 Afford96 Employ94 Migr44 LiqStable— ValBalanced— CycleExpansion Full metro detail →
80	Montgomery, AL33860	55	NeutralNeutral	▲ 1	99	56	23	5	59	90	Stable↓	Balanced—	Low	Recovery	—	—	—	—	—	›
Structural Drivers Price99 Permits56 Per Cap23 Afford5 Employ59 Migr90 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
80	Pittsburgh, PA38300	55	NeutralNeutral	▲ 1	73	37	23	28	68	99	Stable—	Balanced—	Moderate	Expansion	—	—	—	Div	—	›
Structural Drivers Price73 Permits37 Per Cap23 Afford28 Employ68 Migr99 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
80	North Port, FL35840	55	NeutralNeutral	▲ 1	51	66	100	92	23	0	Stable—	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price51 Permits66 Per Cap100 Afford92 Employ23 Migr0 LiqStable— ValBalanced— CycleRecovery Full metro detail →
92	Eau Claire, WI20740	54	NeutralNeutral	▲ 4	50	5	55	81	77	53	Stable↑	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price50 Permits5 Per Cap55 Afford81 Employ77 Migr53 LiqStable↑ ValBalanced— CycleRecovery Full metro detail →
92	Columbus, GA-AL17980	54	NeutralNeutral	▲ 1	78	35	16	49	72	75	Stress—	Balanced—	High	Recession	—	—	—	—	—	›
Structural Drivers Price78 Permits35 Per Cap16 Afford49 Employ72 Migr75 LiqStress— ValBalanced— DivergHigh CycleRecession Full metro detail →
92	Gainesville, GA23580	54	NeutralNeutral	▲ 10	43	75	84	49	48	22	Watch↓	—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price43 Permits75 Per Cap84 Afford49 Employ48 Migr22 LiqWatch↓ CycleRecovery Full metro detail →
92	Tulsa, OK46140	54	NeutralNeutral	▲ 4	45	63	56	55	76	29	Stable↓	Balanced—	Low	Recovery	—	—	—	Con	—	›
Structural Drivers Price45 Permits63 Per Cap56 Afford55 Employ76 Migr29 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
92	Springfield, MA44140	54	NeutralNeutral	▲ 2	78	78	2	63	14	91	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price78 Permits78 Per Cap2 Afford63 Employ14 Migr91 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
106	Salem, OR41420	53	NeutralNeutral	▲ 10	33	71	51	73	56	36	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price33 Permits71 Per Cap51 Afford73 Employ56 Migr36 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
106	Urban Honolulu, HI46520	53	NeutralNeutral	▲ 3	96	64	11	2	58	89	Stable↑	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price96 Permits64 Per Cap11 Afford2 Employ58 Migr89 LiqStable↑ ValBalanced↓ CycleRecovery Full metro detail →
106	Amherst Town, MA11200	53	NeutralNeutral	▲ 1	30	93	25	37	63	71	—	—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price30 Permits93 Per Cap25 Afford37 Employ63 Migr71 CycleExpansion Full metro detail →
106	Greenville, NC24780	53	NeutralNeutral	▲ 2	18	74	89	58	7	73	Watch↑	Balanced—	—	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price18 Permits74 Per Cap89 Afford58 Employ7 Migr73 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
106	Jacksonville, FL27260	53	NeutralNeutral	▲ 1	63	31	79	86	55	2	Stable—	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price63 Permits31 Per Cap79 Afford86 Employ55 Migr2 LiqStable— ValBalanced— DivergModerate CycleRecovery Full metro detail →
106	Buffalo, NY15380	53	NeutralNeutral	▲ 1	19	72	8	55	66	96	Watch↑	Balanced—	—	Hypersupply	—	—	—	Div	—	›
Structural Drivers Price19 Permits72 Per Cap8 Afford55 Employ66 Migr96 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
106	San Jose, CA41940	53	NeutralNeutral	▲ 5	51	99	50	3	15	100	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price51 Permits99 Per Cap50 Afford3 Employ15 Migr100 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
106	Rochester, NY40380	53	NeutralNeutral	▲ 4	41	83	13	17	72	94	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price41 Permits83 Per Cap13 Afford17 Employ72 Migr94 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
106	Rapid City, SD39660	53	NeutralNeutral	▲ 8	27	12	76	95	64	42	Stable↓	Balanced—	Low	Recovery	—	—	—	Con	—	›
Structural Drivers Price27 Permits12 Per Cap76 Afford95 Employ64 Migr42 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
106	Racine, WI39540	53	NeutralNeutral	▲ 5	86	67	35	27	64	37	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price86 Permits67 Per Cap35 Afford27 Employ64 Migr37 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
122	Bellingham, WA13380	52	NeutralNeutral	▲ 1	31	25	57	87	90	22	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price31 Permits25 Per Cap57 Afford87 Employ90 Migr22 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
122	Kennewick, WA28420	52	NeutralNeutral	▲ 8	23	76	83	25	70	34	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price23 Permits76 Per Cap83 Afford25 Employ70 Migr34 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
122	Hanford, CA25260	52	NeutralNeutral	▲ 10	66	42	60	48	37	59	Stable↑	Balanced↑	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price66 Permits42 Per Cap60 Afford48 Employ37 Migr59 LiqStable↑ ValBalanced↑ CycleRecovery Full metro detail →
122	Killeen, TX28660	52	NeutralNeutral	▲ 5	73	19	74	59	64	22	Stable↓	Compressed—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price73 Permits19 Per Cap74 Afford59 Employ64 Migr22 LiqStable↓ ValCompressed— CycleRecovery Full metro detail →
122	Richmond, VA40060	52	NeutralNeutral	▲ 1	58	24	74	52	88	16	Watch↑	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price58 Permits24 Per Cap74 Afford52 Employ88 Migr16 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
122	Burlington, NC15500	52	NeutralNeutral	▲ 2	95	11	93	49	32	31	Stable↓	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price95 Permits11 Per Cap93 Afford49 Employ32 Migr31 LiqStable↓ ValBalanced— CycleExpansion Full metro detail →
136	Santa Fe, NM42140	51	NeutralNeutral	▲ 1	77	96	42	12	47	33	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price77 Permits96 Per Cap42 Afford12 Employ47 Migr33 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
136	El Paso, TX21340	51	NeutralNeutral	▲ 3	56	37	25	73	22	93	Stable↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price56 Permits37 Per Cap25 Afford73 Employ22 Migr93 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
136	Palm Bay, FL37340	51	NeutralNeutral	▲ 2	6	58	78	88	70	7	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price6 Permits58 Per Cap78 Afford88 Employ70 Migr7 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
136	Yakima, WA49420	51	NeutralNeutral	▲ 6	14	52	27	52	82	79	Stress↑	Balanced↓	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price14 Permits52 Per Cap27 Afford52 Employ82 Migr79 LiqStress↑ ValBalanced↓ CycleRecession Full metro detail →
146	Hilton Head Island, SC25940	50	NeutralNeutral	▲ 3	35	27	95	77	59	10	Watch↑	Balanced↑	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price35 Permits27 Per Cap95 Afford77 Employ59 Migr10 LiqWatch↑ ValBalanced↑ CycleRecession Full metro detail →
146	Fresno, CA23420	50	NeutralNeutral	▲ 5	74	33	33	75	12	71	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price74 Permits33 Per Cap33 Afford75 Employ12 Migr71 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
146	Kalamazoo, MI28020	50	NeutralNeutral	▲ 7	59	30	11	34	86	80	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price59 Permits30 Per Cap11 Afford34 Employ86 Migr80 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
155	Harrisburg, PA25420	49	NeutralNeutral	▲ 7	79	55	24	10	55	69	Stable↓	Balanced—	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price79 Permits55 Per Cap24 Afford10 Employ55 Migr69 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
155	Elkhart, IN21140	49	NeutralNeutral	▲ 4	58	14	21	37	85	78	Watch↑	Balanced—	—	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price58 Permits14 Per Cap21 Afford37 Employ85 Migr78 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
166	Trenton, NJ45940	48	NeutralNeutral	▲ 1	71	6	31	5	78	94	Watch—	Balanced↓	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price71 Permits6 Per Cap31 Afford5 Employ78 Migr94 LiqWatch— ValBalanced↓ CycleHypersupply Full metro detail →
166	Pueblo, CO39380	48	NeutralNeutral	▲ 3	79	0	2	92	70	45	Watch↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price79 Permits0 Per Cap2 Afford92 Employ70 Migr45 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
166	Memphis, TN-MS-AR32820	48	NeutralNeutral	▲ 2	26	52	31	20	59	98	Stable↓	Balanced—	—	Recovery	—	—	—	—	—	›
Structural Drivers Price26 Permits52 Per Cap31 Afford20 Employ59 Migr98 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
166	Worcester, MA49340	48	NeutralNeutral	▲ 9	68	43	21	28	36	93	Stress—	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price68 Permits43 Per Cap21 Afford28 Employ36 Migr93 LiqStress— ValBalanced— CycleHypersupply Full metro detail →
172	Baltimore, MD12580	47	NeutralNeutral	▲ 1	62	15	17	4	83	99	Watch↑	Balanced—	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price62 Permits15 Per Cap17 Afford4 Employ83 Migr99 LiqWatch↑ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
175	Yuba City, CA49700	46	NeutralNeutral	▲ 7	20	70	58	46	43	38	Stable—	Balanced↓	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price20 Permits70 Per Cap58 Afford46 Employ43 Migr38 LiqStable— ValBalanced↓ CycleExpansion Full metro detail →
175	Athens, GA12020	46	NeutralNeutral	▲ 7	54	3	56	97	0	64	Stress↓	Balanced↑	High	Hypersupply	—	—	—	—	—	›
Structural Drivers Price54 Permits3 Per Cap56 Afford97 Employ0 Migr64 LiqStress↓ ValBalanced↑ DivergHigh CycleHypersupply Full metro detail →
175	State College, PA44300	46	NeutralNeutral	▲ 9	28	95	37	36	0	80	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price28 Permits95 Per Cap37 Afford36 Employ0 Migr80 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
175	Santa Cruz, CA42100	46	NeutralNeutral	▲ 2	16	99	33	27	73	27	Stable↓	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price16 Permits99 Per Cap33 Afford27 Employ73 Migr27 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
175	Warner Robins, GA47580	46	NeutralNeutral	▲ 2	7	42	75	6	98	50	Stable—	Balanced↓	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price7 Permits42 Per Cap75 Afford6 Employ98 Migr50 LiqStable— ValBalanced↓ CycleRecovery Full metro detail →
175	Charleston, WV16620	46	NeutralNeutral	▲ 5	99	6	0	18	83	67	Stable↓	Balanced—	—	Recovery	—	—	—	—	—	›
Structural Drivers Price99 Permits6 Per Cap0 Afford18 Employ83 Migr67 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
193	Hartford, CT25540	44	NeutralNeutral	▲ 6	80	29	9	2	46	95	Stable↑	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price80 Permits29 Per Cap9 Afford2 Employ46 Migr95 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
193	Barnstable Town, MA12700	44	NeutralNeutral	▲ 8	83	1	23	98	47	15	Stable↓	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price83 Permits1 Per Cap23 Afford98 Employ47 Migr15 LiqStable↓ ValBalanced— CycleExpansion Full metro detail →
193	Deltona, FL19660	44	NeutralNeutral	▲ 4	28	19	74	93	43	5	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price28 Permits19 Per Cap74 Afford93 Employ43 Migr5 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
193	Orlando, FL36740	44	NeutralNeutral	▲ 2	60	16	81	86	15	3	Stable—	Balanced—	High	Recovery	—	—	—	Div	—	›
Structural Drivers Price60 Permits16 Per Cap81 Afford86 Employ15 Migr3 LiqStable— ValBalanced— DivergHigh CycleRecovery Full metro detail →
193	Phoenix, AZ38060	44	NeutralNeutral	▲ 2	50	32	78	89	16	0	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price50 Permits32 Per Cap78 Afford89 Employ16 Migr0 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
206	Winston, NC49180	43	NeutralNeutral	▲ 1	36	40	76	54	19	31	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price36 Permits40 Per Cap76 Afford54 Employ19 Migr31 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
211	Lubbock, TX31180	42	NeutralNeutral	▲ 2	3	63	81	36	28	38	Stable↓	Balanced—	—	Recovery	—	—	—	—	—	›
Structural Drivers Price3 Permits63 Per Cap81 Afford36 Employ28 Migr38 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
211	Greenville, SC24860	42	NeutralNeutral	▲ 2	47	28	85	74	8	8	Stress↓	Balanced—	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price47 Permits28 Per Cap85 Afford74 Employ8 Migr8 LiqStress↓ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
218	Huntsville, AL26620	41	NeutralNeutral	▲ 1	54	62	87	9	17	19	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price54 Permits62 Per Cap87 Afford9 Employ17 Migr19 LiqStable— ValBalanced— CycleExpansion Full metro detail →
231	Tyler, TX46340	39	BelowBelow Average	▲ 4	40	71	26	44	21	32	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price40 Permits71 Per Cap26 Afford44 Employ21 Migr32 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
238	Santa Rosa, CA42220	38	BelowBelow Average	▲ 4	22	96	42	12	45	12	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price22 Permits96 Per Cap42 Afford12 Employ45 Migr12 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
239	Decatur, AL19460	37	BelowBelow Average	▲ 3	4	90	21	31	25	49	Stable—	Balanced↑	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price4 Permits90 Per Cap21 Afford31 Employ25 Migr49 LiqStable— ValBalanced↑ CycleExpansion Full metro detail →
245	Norwich, CT35980	36	BelowBelow Average	▲ 4	57	58	14	11	32	42	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price57 Permits58 Per Cap14 Afford11 Employ32 Migr42 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
250	Reno, NV39900	35	BelowBelow Average	▲ 2	64	18	68	42	10	10	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price64 Permits18 Per Cap68 Afford42 Employ10 Migr10 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
252	Macon, GA31420	34	BelowBelow Average	▲ 2	14	27	19	44	57	44	Stable↑	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price14 Permits27 Per Cap19 Afford44 Employ57 Migr44 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
255	Hattiesburg, MS25620	33	BelowBelow Average	▲ 1	0	10	1	60	74	52	Watch↑	Balanced—	High	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price0 Permits10 Per Cap1 Afford60 Employ74 Migr52 LiqWatch↑ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
255	Las Cruces, NM29740	33	BelowBelow Average	▲ 1	24	23	42	57	3	50	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price24 Permits23 Per Cap42 Afford57 Employ3 Migr50 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
258	Raleigh, NC39580	32	BelowBelow Average	▲ 2	24	53	96	6	4	6	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Div	—	›
Structural Drivers Price24 Permits53 Per Cap96 Afford6 Employ4 Migr6 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
258	Sacramento, CA40900	32	BelowBelow Average	▲ 5	25	44	53	23	37	8	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price25 Permits44 Per Cap53 Afford23 Employ37 Migr8 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
266	Lexington Park, MD30500	29	BelowBelow Average	▲ 4	12	12	13	0	99	36	—	—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price12 Permits12 Per Cap13 Afford0 Employ99 Migr36 CycleExpansion Full metro detail →
268	Vallejo, CA46700	28	BelowBelow Average	▲ 2	44	4	13	22	63	25	Stable—	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price44 Permits4 Per Cap13 Afford22 Employ63 Migr25 LiqStable— ValBalanced— CycleRecovery Full metro detail →
268	San Antonio, TX41700	28	BelowBelow Average	▲ 2	5	12	46	58	41	5	Stable↓	Balanced—	Low	Recovery	—	—	—	Con	—	›
Structural Drivers Price5 Permits12 Per Cap46 Afford58 Employ41 Migr5 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
272	Las Vegas, NV29820	24	BelowBelow Average	▲ 2	15	22	58	48	1	1	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price15 Permits22 Per Cap58 Afford48 Employ1 Migr1 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
272	Stockton, CA44700	24	BelowBelow Average	▲ 7	4	11	36	21	65	9	Stable—	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price4 Permits11 Per Cap36 Afford21 Employ65 Migr9 LiqStable— ValBalanced— CycleRecovery Full metro detail →
274	Redding, CA39820	21	BelowBelow Average	▲ 6	36	1	4	44	12	30	Stable↓	Balanced↑	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price36 Permits1 Per Cap4 Afford44 Employ12 Migr30 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →

117 of 274 metros shown