U.S. Metro Housing Market Rankings

2025-12 · 287 metros scored

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

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

Cycle Phase (281 metros)

120 Recovery72 Expansion67 Hypersupply28 Recession

Risk

Cycle

Momentum

Liquidity

Valuation

Permits

Tap a row to expand details

Core Risk					Structural Drivers						Market Signals		Cycle
#↑	Metro	Score	Risk Band	Chg	Price	Permits	Per Cap	Afford	Employ	Migr	Liquidity	Valuation	Diverg.	Cycle
1	Gainesville, FL23540	78	ElevatedElevated	▲ 16	47	87	70	98	92	75	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price47 Permits87 Per Cap70 Afford98 Employ92 Migr75 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
2	Champaign, IL16580	76	ElevatedElevated	▲ 10	100	92	48	50	82	87	Stress↑	Balanced—	Moderate	Recession	›
Structural Drivers Price100 Permits92 Per Cap48 Afford50 Employ82 Migr87 LiqStress↑ ValBalanced— DivergModerate CycleRecession Full metro detail →
3	Tallahassee, FL45220	73	ElevatedElevated	▲ 7	51	75	78	76	75	83	Watch—	Balanced—	High	Hypersupply	›
Structural Drivers Price51 Permits75 Per Cap78 Afford76 Employ75 Migr83 LiqWatch— ValBalanced— DivergHigh CycleHypersupply Full metro detail →
4	Lafayette, IN29200	71	ElevatedElevated	▲ 19	29	100	99	31	87	80	Stress↓	Balanced↓	High	Hypersupply	›
Structural Drivers Price29 Permits100 Per Cap99 Afford31 Employ87 Migr80 LiqStress↓ ValBalanced↓ DivergHigh CycleHypersupply Full metro detail →
4	Blacksburg, VA13980	71	ElevatedElevated	▲ 4	87	56	33	80	97	71	Watch↑	Balanced↑	Moderate	Hypersupply	›
Structural Drivers Price87 Permits56 Per Cap33 Afford80 Employ97 Migr71 LiqWatch↑ ValBalanced↑ DivergModerate CycleHypersupply Full metro detail →
8	Chambersburg, PA16540	69	ElevatedElevated	▲ 15	96	88	71	28	84	45	Stable↓	Compressed—	—	Recovery	›
Structural Drivers Price96 Permits88 Per Cap71 Afford28 Employ84 Migr45 LiqStable↓ ValCompressed— CycleRecovery Full metro detail →
8	Bangor, ME12620	69	ElevatedElevated	▲ 1	75	66	38	86	94	56	Stress↑	Balanced—	—	Recession	›
Structural Drivers Price75 Permits66 Per Cap38 Afford86 Employ94 Migr56 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
10	Syracuse, NY45060	68	ElevatedElevated	▲ 11	98	99	42	33	45	88	Stable↓	Compressed—	High	Recovery	›
Structural Drivers Price98 Permits99 Per Cap42 Afford33 Employ45 Migr88 LiqStable↓ ValCompressed— DivergHigh CycleRecovery Full metro detail →
10	Visalia, CA47300	68	ElevatedElevated	▲ 8	58	85	49	71	79	64	Stress↓	Balanced↑	—	Hypersupply	›
Structural Drivers Price58 Permits85 Per Cap49 Afford71 Employ79 Migr64 LiqStress↓ ValBalanced↑ CycleHypersupply Full metro detail →
12	Bremerton, WA14740	67	ElevatedElevated	▲ 20	88	92	73	27	99	21	Stable↑	Balanced—	—	Expansion	›
Structural Drivers Price88 Permits92 Per Cap73 Afford27 Employ99 Migr21 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
12	Eau Claire, WI20740	67	ElevatedElevated	▲ 4	82	50	64	81	73	50	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price82 Permits50 Per Cap64 Afford81 Employ73 Migr50 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
12	Waco, TX47380	67	ElevatedElevated	▲ 19	56	91	58	93	66	38	Stress↓	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price56 Permits91 Per Cap58 Afford93 Employ66 Migr38 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
16	Elkhart, IN21140	66	ElevatedElevated	▲ 4	91	90	34	37	81	60	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price91 Permits90 Per Cap34 Afford37 Employ81 Migr60 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
16	Olympia, WA36500	66	ElevatedElevated	▲ 20	82	91	67	29	98	27	Stress↑	Balanced—	—	Recession	›
Structural Drivers Price82 Permits91 Per Cap67 Afford29 Employ98 Migr27 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
16	Appleton, WI11540	66	ElevatedElevated	▲ 17	91	97	59	19	74	58	Stress↑	Balanced—	—	Recession	›
Structural Drivers Price91 Permits97 Per Cap59 Afford19 Employ74 Migr58 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
19	Clarksville, TN-KY17300	64	ElevatedElevated	▲ 6	88	60	88	75	45	27	Stable↓	Compressed—	Moderate	Recovery	›
Structural Drivers Price88 Permits60 Per Cap88 Afford75 Employ45 Migr27 LiqStable↓ ValCompressed— DivergModerate CycleRecovery Full metro detail →
19	Hickory, NC25860	64	ElevatedElevated	▲ 4	32	70	86	83	76	34	Watch↓	Balanced↑	High	Recovery	›
Structural Drivers Price32 Permits70 Per Cap86 Afford83 Employ76 Migr34 LiqWatch↓ ValBalanced↑ DivergHigh CycleRecovery Full metro detail →
19	Gulfport, MS25060	64	ElevatedElevated	▲ 5	68	72	85	65	54	38	Stable↑	Balanced—	High	Expansion	›
Structural Drivers Price68 Permits72 Per Cap85 Afford65 Employ54 Migr38 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
19	Lincoln, NE30700	64	ElevatedElevated	▲ 10	67	79	77	39	58	66	Stress↑	Balanced—	—	Recession	›
Structural Drivers Price67 Permits79 Per Cap77 Afford39 Employ58 Migr66 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
19	Logan, UT-ID30860	64	ElevatedElevated	▲ 1	57	66	81	80	49	49	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price57 Permits66 Per Cap81 Afford80 Employ49 Migr49 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
19	Los Angeles, CA31080	64	ElevatedElevated	▲ 7	49	57	22	92	66	99	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price49 Permits57 Per Cap22 Afford92 Employ66 Migr99 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
19	Portland, ME38860	64	ElevatedElevated	▲ 4	60	67	68	82	95	15	Watch↑	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price60 Permits67 Per Cap68 Afford82 Employ95 Migr15 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
19	Madison, WI31540	64	ElevatedElevated	▲ 1	58	81	93	20	45	89	Stress—	Balanced—	High	Hypersupply	›
Structural Drivers Price58 Permits81 Per Cap93 Afford20 Employ45 Migr89 LiqStress— ValBalanced— DivergHigh CycleHypersupply Full metro detail →
28	Topeka, KS45820	63	ElevatedElevated	▲ 11	61	95	33	26	99	62	Stable↓	Balanced↓	Moderate	Recovery	›
Structural Drivers Price61 Permits95 Per Cap33 Afford26 Employ99 Migr62 LiqStable↓ ValBalanced↓ DivergModerate CycleRecovery Full metro detail →
30	Jacksonville, NC27340	62	ElevatedElevated	▲ 6	30	68	72	78	92	34	Stable—	Balanced—	—	Expansion	›
Structural Drivers Price30 Permits68 Per Cap72 Afford78 Employ92 Migr34 LiqStable— ValBalanced— CycleExpansion Full metro detail →
30	Kingston, NY28740	62	ElevatedElevated	▲ 4	69	97	36	84	62	24	Stable↓	Balanced↓	—	Recovery	›
Structural Drivers Price69 Permits97 Per Cap36 Afford84 Employ62 Migr24 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
30	Fayetteville, NC22180	62	ElevatedElevated	▲ 11	16	77	64	40	94	84	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price16 Permits77 Per Cap64 Afford40 Employ94 Migr84 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
30	Fargo, ND-MN22020	62	ElevatedElevated	▲ 19	75	57	69	42	79	53	Stable↓	Compressed—	—	Recovery	›
Structural Drivers Price75 Permits57 Per Cap69 Afford42 Employ79 Migr53 LiqStable↓ ValCompressed— CycleRecovery Full metro detail →
30	Abilene, TX10180	62	ElevatedElevated	▲ 16	21	99	73	81	50	48	Stable↓	Balanced↓	—	Recovery	›
Structural Drivers Price21 Permits99 Per Cap73 Afford81 Employ50 Migr48 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
37	Knoxville, TN28940	61	ElevatedElevated	▲ 8	63	86	87	92	23	16	Stress↓	Balanced—	High	Hypersupply	›
Structural Drivers Price63 Permits86 Per Cap87 Afford92 Employ23 Migr16 LiqStress↓ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
37	Houma, LA26380	61	ElevatedElevated	▲ 3	64	42	36	62	88	76	Stable—	Balanced—	—	Expansion	›
Structural Drivers Price64 Permits42 Per Cap36 Afford62 Employ88 Migr76 LiqStable— ValBalanced— CycleExpansion Full metro detail →
37	Lexington, KY30460	61	ElevatedElevated	▲ 3	71	48	55	68	38	85	Watch—	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price71 Permits48 Per Cap55 Afford68 Employ38 Migr85 LiqWatch— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
41	Fort Collins, CO22660	60	NeutralNeutral	▲ 15	50	90	73	63	71	16	Stress—	Balanced—	—	Hypersupply	›
Structural Drivers Price50 Permits90 Per Cap73 Afford63 Employ71 Migr16 LiqStress— ValBalanced— CycleHypersupply Full metro detail →
41	Coeur d'Alene, ID17660	60	NeutralNeutral	▲ 12	83	67	91	96	6	14	Stable—	Balanced—	—	Expansion	›
Structural Drivers Price83 Permits67 Per Cap91 Afford96 Employ6 Migr14 LiqStable— ValBalanced— CycleExpansion Full metro detail →
41	Salt Lake City, UT41620	60	NeutralNeutral	▲ 16	46	83	69	62	6	95	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price46 Permits83 Per Cap69 Afford62 Employ6 Migr95 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
41	Iowa City, IA26980	60	NeutralNeutral	▲ 10	81	97	79	8	21	77	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price81 Permits97 Per Cap79 Afford8 Employ21 Migr77 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
49	Rochester, NY40380	59	NeutralNeutral	▲ 6	87	77	14	17	69	90	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price87 Permits77 Per Cap14 Afford17 Employ69 Migr90 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
49	Lubbock, TX31180	59	NeutralNeutral	▲ 11	54	87	85	41	42	47	Stable↑	Balanced—	—	Expansion	›
Structural Drivers Price54 Permits87 Per Cap85 Afford41 Employ42 Migr47 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
49	Kingsport, TN-VA28700	59	NeutralNeutral	▲ 10	23	90	40	95	55	53	Stress↓	Balanced—	High	Hypersupply	›
Structural Drivers Price23 Permits90 Per Cap40 Afford95 Employ55 Migr53 LiqStress↓ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
49	Laredo, TX29700	59	NeutralNeutral	▲ 3	97	40	61	56	21	78	Stable↑	Compressed↑	—	Recovery	›
Structural Drivers Price97 Permits40 Per Cap61 Afford56 Employ21 Migr78 LiqStable↑ ValCompressed↑ CycleRecovery Full metro detail →
49	Detroit, MI19820	59	NeutralNeutral	▲ 1	79	84	21	13	60	97	Watch—	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price79 Permits84 Per Cap21 Afford13 Employ60 Migr97 LiqWatch— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
55	Anchorage, AK11260	58	NeutralNeutral	▲ 8	93	73	4	3	97	81	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price93 Permits73 Per Cap4 Afford3 Employ97 Migr81 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
55	Evansville, IN21780	58	NeutralNeutral	▲ 5	86	51	38	40	62	69	Watch↑	Balanced↑	Moderate	Hypersupply	›
Structural Drivers Price86 Permits51 Per Cap38 Afford40 Employ62 Migr69 LiqWatch↑ ValBalanced↑ DivergModerate CycleHypersupply Full metro detail →
55	Peoria, IL37900	58	NeutralNeutral	▲ 4	95	76	0	4	94	78	Stable↑	Balanced—	High	Expansion	›
Structural Drivers Price95 Permits76 Per Cap0 Afford4 Employ94 Migr78 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
55	New Haven, CT35300	58	NeutralNeutral	▲ 11	89	83	12	11	69	87	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price89 Permits83 Per Cap12 Afford11 Employ69 Migr87 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
55	Medford, OR32780	58	NeutralNeutral	▲ 17	22	83	56	76	73	36	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price22 Permits83 Per Cap56 Afford76 Employ73 Migr36 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
55	Louisville/Jefferson County, KY-IN31140	58	NeutralNeutral	▲ 8	48	63	56	36	65	82	Watch↓	—	Moderate	Recovery	›
Structural Drivers Price48 Permits63 Per Cap56 Afford36 Employ65 Migr82 LiqWatch↓ DivergModerate CycleRecovery Full metro detail →
71	Burlington, VT15540	57	NeutralNeutral	▲ 1	78	68	65	58	32	40	Watch↑	Compressed—	High	Hypersupply	›
Structural Drivers Price78 Permits68 Per Cap65 Afford58 Employ32 Migr40 LiqWatch↑ ValCompressed— DivergHigh CycleHypersupply Full metro detail →
71	San Diego, CA41740	57	NeutralNeutral	▲ 4	26	56	46	76	46	90	Stable—	Balanced—	—	Recovery	›
Structural Drivers Price26 Permits56 Per Cap46 Afford76 Employ46 Migr90 LiqStable— ValBalanced— CycleRecovery Full metro detail →
76	Spartanburg, SC43900	56	NeutralNeutral	▲ 6	69	77	92	66	12	22	Watch↑	Balanced—	—	Hypersupply	›
Structural Drivers Price69 Permits77 Per Cap92 Afford66 Employ12 Migr22 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
76	Portland, OR-WA38900	56	NeutralNeutral	▲ 2	31	38	43	42	88	93	Stable↓	—	High	Recovery	›
Structural Drivers Price31 Permits38 Per Cap43 Afford42 Employ88 Migr93 LiqStable↓ DivergHigh CycleRecovery Full metro detail →
76	Virginia Beach, VA-NC47260	56	NeutralNeutral	▲ 1	59	19	26	48	96	87	Stable—	Balanced—	Moderate	Expansion	›
Structural Drivers Price59 Permits19 Per Cap26 Afford48 Employ96 Migr87 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
76	Columbus, OH18140	56	NeutralNeutral	▲ 1	45	80	80	23	16	92	Watch↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price45 Permits80 Per Cap80 Afford23 Employ16 Migr92 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
76	Bend, OR13460	56	NeutralNeutral	▲ 17	41	96	95	91	5	9	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price41 Permits96 Per Cap95 Afford91 Employ5 Migr9 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
76	Greenville, SC24860	56	NeutralNeutral	▲ 2	55	49	90	73	54	12	Stress—	Balanced—	Moderate	Recession	›
Structural Drivers Price55 Permits49 Per Cap90 Afford73 Employ54 Migr12 LiqStress— ValBalanced— DivergModerate CycleRecession Full metro detail →
76	Yakima, WA49420	56	NeutralNeutral	▲ 18	29	94	32	52	67	64	Stress↓	Balanced—	—	Hypersupply	›
Structural Drivers Price29 Permits94 Per Cap32 Afford52 Employ67 Migr64 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
76	Indianapolis, IN26900	56	NeutralNeutral	▲ 4	52	51	67	16	58	93	Watch—	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price52 Permits51 Per Cap67 Afford16 Employ58 Migr93 LiqWatch— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
87	Utica, NY46540	55	NeutralNeutral	▲ 5	97	64	5	60	34	70	Watch↓	Compressed—	—	Recovery	›
Structural Drivers Price97 Permits64 Per Cap5 Afford60 Employ34 Migr70 LiqWatch↓ ValCompressed— CycleRecovery Full metro detail →
87	Crestview, FL18880	55	NeutralNeutral	▲ 3	31	20	95	74	93	17	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price31 Permits20 Per Cap95 Afford74 Employ93 Migr17 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
87	Richmond, VA40060	55	NeutralNeutral	▲ 7	73	60	76	53	48	19	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price73 Permits60 Per Cap76 Afford53 Employ48 Migr19 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
87	Lansing, MI29620	55	NeutralNeutral	▲ 15	77	88	16	18	47	86	Stable↓	Balanced↓	Moderate	Recovery	›
Structural Drivers Price77 Permits88 Per Cap16 Afford18 Employ47 Migr86 LiqStable↓ ValBalanced↓ DivergModerate CycleRecovery Full metro detail →
94	Bloomington, IL14010	54	NeutralNeutral	▲ 1	84	63	11	1	89	73	Watch↑	Balanced—	—	Hypersupply	›
Structural Drivers Price84 Permits63 Per Cap11 Afford1 Employ89 Migr73 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
94	Orlando, FL36740	54	NeutralNeutral	▲ 10	12	78	92	85	51	4	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price12 Permits78 Per Cap92 Afford85 Employ51 Migr4 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
94	Wichita, KS48620	54	NeutralNeutral	▲ 10	38	65	57	27	64	74	Watch↓	Balanced—	High	Recovery	›
Structural Drivers Price38 Permits65 Per Cap57 Afford27 Employ64 Migr74 LiqWatch↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
94	Kalamazoo, MI28020	54	NeutralNeutral	▲ 16	76	79	14	33	44	79	Watch↑	Balanced—	—	Hypersupply	›
Structural Drivers Price76 Permits79 Per Cap14 Afford33 Employ44 Migr79 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
94	Canton, OH15940	54	NeutralNeutral	▲ 7	90	84	13	21	74	42	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price90 Permits84 Per Cap13 Afford21 Employ74 Migr42 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
94	Racine, WI39540	54	NeutralNeutral	▲ 12	78	52	28	24	99	43	Stable↑	Balanced—	—	Expansion	›
Structural Drivers Price78 Permits52 Per Cap28 Afford24 Employ99 Migr43 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
94	Des Moines, IA19780	54	NeutralNeutral	▲ 9	47	80	86	6	49	58	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price47 Permits80 Per Cap86 Afford6 Employ49 Migr58 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
94	Colorado Springs, CO17820	54	NeutralNeutral	▲ 19	24	93	81	36	72	19	Watch—	Balanced—	—	Hypersupply	›
Structural Drivers Price24 Permits93 Per Cap81 Afford36 Employ72 Migr19 LiqWatch— ValBalanced— CycleHypersupply Full metro detail →
94	Columbia, SC17900	54	NeutralNeutral	▲ 3	66	55	79	44	29	52	Stable↓	Balanced—	High	Expansion	›
Structural Drivers Price66 Permits55 Per Cap79 Afford44 Employ29 Migr52 LiqStable↓ ValBalanced— DivergHigh CycleExpansion Full metro detail →
108	Bridgeport, CT14860	53	NeutralNeutral	▲ 11	93	98	47	1	66	12	Stable—	Balanced—	—	Expansion	›
Structural Drivers Price93 Permits98 Per Cap47 Afford1 Employ66 Migr12 LiqStable— ValBalanced— CycleExpansion Full metro detail →
108	Ann Arbor, MI11460	53	NeutralNeutral	▲ 14	45	89	50	8	37	91	Stress—	Balanced—	—	Hypersupply	›
Structural Drivers Price45 Permits89 Per Cap50 Afford8 Employ37 Migr91 LiqStress— ValBalanced— CycleHypersupply Full metro detail →
108	Florence, AL22520	53	NeutralNeutral	▲ 7	45	95	32	46	47	51	Stable↓	Balanced↑	—	Recovery	›
Structural Drivers Price45 Permits95 Per Cap32 Afford46 Employ47 Migr51 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
108	Lafayette, LA29180	53	NeutralNeutral	▲ 9	79	62	61	57	17	42	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price79 Permits62 Per Cap61 Afford57 Employ17 Migr42 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
108	Saginaw, MI40980	53	NeutralNeutral	▲ 15	94	72	3	31	57	59	Stress↓	Compressed—	—	Hypersupply	›
Structural Drivers Price94 Permits72 Per Cap3 Afford31 Employ57 Migr59 LiqStress↓ ValCompressed— CycleHypersupply Full metro detail →
120	Modesto, CA33700	52	NeutralNeutral	▲ 10	17	73	19	67	82	52	Watch—	Balanced—	—	Hypersupply	›
Structural Drivers Price17 Permits73 Per Cap19 Afford67 Employ82 Migr52 LiqWatch— ValBalanced— CycleHypersupply Full metro detail →
120	Boulder, CO14500	52	NeutralNeutral	▲ 5	6	78	66	47	44	68	Stable↑	Balanced—	—	Expansion	›
Structural Drivers Price6 Permits78 Per Cap66 Afford47 Employ44 Migr68 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
120	San Jose, CA41940	52	NeutralNeutral	▲ 14	9	91	39	4	71	99	Stress↑	Balanced—	—	Recession	›
Structural Drivers Price9 Permits91 Per Cap39 Afford4 Employ71 Migr99 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
120	Youngstown, OH49660	52	NeutralNeutral	▲ 2	65	58	1	55	68	64	Stable—	Balanced—	—	Expansion	›
Structural Drivers Price65 Permits58 Per Cap1 Afford55 Employ68 Migr64 LiqStable— ValBalanced— CycleExpansion Full metro detail →
120	New Orleans, LA35380	52	NeutralNeutral	▲ 4	35	33	15	74	60	94	Stable↑	Balanced—	Moderate	Expansion	›
Structural Drivers Price35 Permits33 Per Cap15 Afford74 Employ60 Migr94 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
131	San Francisco, CA41860	51	NeutralNeutral	▲ 12	24	81	12	5	86	100	Stable—	Balanced—	High	Expansion	›
Structural Drivers Price24 Permits81 Per Cap12 Afford5 Employ86 Migr100 LiqStable— ValBalanced— DivergHigh CycleExpansion Full metro detail →
131	Greenville, NC24780	51	NeutralNeutral	▲ 1	36	48	79	62	13	69	Stress↓	Balanced—	—	Hypersupply	›
Structural Drivers Price36 Permits48 Per Cap79 Afford62 Employ13 Migr69 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
131	North Port, FL35840	51	NeutralNeutral	▲ 9	3	80	100	91	29	2	Stable↓	Balanced↑	—	Recovery	›
Structural Drivers Price3 Permits80 Per Cap100 Afford91 Employ29 Migr2 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
131	Miami, FL33100	51	NeutralNeutral	▲ 17	23	87	45	100	50	0	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price23 Permits87 Per Cap45 Afford100 Employ50 Migr0 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
137	Palm Bay, FL37340	50	NeutralNeutral	▲ 10	13	54	80	90	55	7	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price13 Permits54 Per Cap80 Afford90 Employ55 Migr7 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
137	Boise City, ID14260	50	NeutralNeutral	▲ 5	37	62	94	87	17	6	Stable↑	Balanced—	Moderate	Expansion	›
Structural Drivers Price37 Permits62 Per Cap94 Afford87 Employ17 Migr6 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
137	Birmingham, AL13820	50	NeutralNeutral	▲ 3	34	74	47	22	36	89	Stable—	Balanced—	Moderate	Expansion	›
Structural Drivers Price34 Permits74 Per Cap47 Afford22 Employ36 Migr89 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
137	Ogden, UT36260	50	NeutralNeutral	▲ 4	27	71	67	40	60	32	Watch—	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price27 Permits71 Per Cap67 Afford40 Employ60 Migr32 LiqWatch— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
150	Reading, PA39740	49	NeutralNeutral	▲ 5	70	94	2	18	41	68	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price70 Permits94 Per Cap2 Afford18 Employ41 Migr68 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
150	Myrtle Beach, SC34820	49	NeutralNeutral	▲ 5	59	45	100	85	1	6	Stable—	Balanced↓	—	Expansion	›
Structural Drivers Price59 Permits45 Per Cap100 Afford85 Employ1 Migr6 LiqStable— ValBalanced↓ CycleExpansion Full metro detail →
150	Grand Rapids, MI24340	49	NeutralNeutral	▲ 3	62	69	47	47	39	28	Stable↑	Balanced—	High	Expansion	›
Structural Drivers Price62 Permits69 Per Cap47 Afford47 Employ39 Migr28 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
158	Waterloo, IA47940	48	NeutralNeutral	▲ 11	40	70	30	43	33	71	Watch↑	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price40 Permits70 Per Cap30 Afford43 Employ33 Migr71 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
158	Springfield, MA44140	48	NeutralNeutral	▲ 6	67	36	1	64	35	86	Stable↑	Balanced—	—	Expansion	›
Structural Drivers Price67 Permits36 Per Cap1 Afford64 Employ35 Migr86 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
158	Greeley, CO24540	48	NeutralNeutral	▲ 2	13	58	90	26	90	12	Stress—	Balanced—	—	Hypersupply	›
Structural Drivers Price13 Permits58 Per Cap90 Afford26 Employ90 Migr12 LiqStress— ValBalanced— CycleHypersupply Full metro detail →
158	Flint, MI22420	48	NeutralNeutral	▲ 3	85	74	6	32	26	66	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price85 Permits74 Per Cap6 Afford32 Employ26 Migr66 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
168	Minneapolis, MN-WI33460	47	NeutralNeutral	▲ 5	52	36	49	9	37	97	Stable↑	Balanced—	Moderate	Expansion	›
Structural Drivers Price52 Permits36 Per Cap49 Afford9 Employ37 Migr97 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
168	Sioux Falls, SD-MN43620	47	NeutralNeutral	▲ 2	48	27	85	34	52	34	Watch↓	Balanced—	High	Recovery	›
Structural Drivers Price48 Permits27 Per Cap85 Afford34 Employ52 Migr34 LiqWatch↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
168	Baltimore, MD12580	47	NeutralNeutral	▲ 3	40	45	26	5	69	96	Stress—	Balanced—	High	Hypersupply	›
Structural Drivers Price40 Permits45 Per Cap26 Afford5 Employ69 Migr96 LiqStress— ValBalanced— DivergHigh CycleHypersupply Full metro detail →
168	Charlottesville, VA16820	47	NeutralNeutral	▲ 7	28	64	71	27	35	59	Stress—	Balanced—	High	Recession	›
Structural Drivers Price28 Permits64 Per Cap71 Afford27 Employ35 Migr59 LiqStress— ValBalanced— DivergHigh CycleRecession Full metro detail →
168	Houston, TX26420	47	NeutralNeutral	▲ 3	22	53	88	67	42	9	Watch↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price22 Permits53 Per Cap88 Afford67 Employ42 Migr9 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
168	Oklahoma City, OK36420	47	NeutralNeutral	▲ 4	26	76	68	51	38	21	Stable—	Balanced—	High	Recovery	›
Structural Drivers Price26 Permits76 Per Cap68 Afford51 Employ38 Migr21 LiqStable— ValBalanced— DivergHigh CycleRecovery Full metro detail →
168	Tampa, FL45300	47	NeutralNeutral	▲ 11	20	65	77	99	22	1	Stable↓	Balanced↑	High	Expansion	›
Structural Drivers Price20 Permits65 Per Cap77 Afford99 Employ22 Migr1 LiqStable↓ ValBalanced↑ DivergHigh CycleExpansion Full metro detail →
177	Chico, CA17020	46	NeutralNeutral	▲ 4	7	62	58	84	30	38	Stable—	Balanced↓	—	Recovery	›
Structural Drivers Price7 Permits62 Per Cap58 Afford84 Employ30 Migr38 LiqStable— ValBalanced↓ CycleRecovery Full metro detail →
177	Fort Smith, AR-OK22900	46	NeutralNeutral	▲ 12	3	81	35	65	33	57	Watch↑	Balanced↓	High	Hypersupply	›
Structural Drivers Price3 Permits81 Per Cap35 Afford65 Employ33 Migr57 LiqWatch↑ ValBalanced↓ DivergHigh CycleHypersupply Full metro detail →
177	Deltona, FL19660	46	NeutralNeutral	▲ 1	6	37	82	93	52	5	Stable↓	Balanced↑	—	Recovery	›
Structural Drivers Price6 Permits37 Per Cap82 Afford93 Employ52 Migr5 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
177	York, PA49620	46	NeutralNeutral	▲ 3	61	82	45	10	48	31	Stable↓	Balanced↓	—	Expansion	›
Structural Drivers Price61 Permits82 Per Cap45 Afford10 Employ48 Migr31 LiqStable↓ ValBalanced↓ CycleExpansion Full metro detail →
177	Little Rock, AR30780	46	NeutralNeutral	▲ 6	46	84	53	24	20	48	Stable—	Balanced—	Moderate	Expansion	›
Structural Drivers Price46 Permits84 Per Cap53 Afford24 Employ20 Migr48 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
177	Provo, UT39340	46	NeutralNeutral	▲ 1	36	75	93	34	17	18	Watch↓	Balanced↓	—	Recovery	›
Structural Drivers Price36 Permits75 Per Cap93 Afford34 Employ17 Migr18 LiqWatch↓ ValBalanced↓ CycleRecovery Full metro detail →
177	Santa Cruz, CA42100	46	NeutralNeutral	▲ 25	60	99	21	30	29	39	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price60 Permits99 Per Cap21 Afford30 Employ29 Migr39 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
177	Santa Fe, NM42140	46	NeutralNeutral	▲ 23	63	98	46	14	4	54	Watch↑	Compressed↑	—	Hypersupply	›
Structural Drivers Price63 Permits98 Per Cap46 Afford14 Employ4 Migr54 LiqWatch↑ ValCompressed↑ CycleHypersupply Full metro detail →
194	Nashville, TN34980	45	NeutralNeutral	▲ 5	31	48	91	80	19	3	Watch—	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price31 Permits48 Per Cap91 Afford80 Employ19 Migr3 LiqWatch— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
194	Springfield, IL44100	45	NeutralNeutral	▲ 1	94	9	3	0	91	75	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price94 Permits9 Per Cap3 Afford0 Employ91 Migr75 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
203	Durham, NC20500	44	NeutralNeutral	▲ 9	42	43	83	56	5	36	Stress↓	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price42 Permits43 Per Cap83 Afford56 Employ5 Migr36 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
203	Lancaster, PA29540	44	NeutralNeutral	▲ 12	88	63	35	20	14	47	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price88 Permits63 Per Cap35 Afford20 Employ14 Migr47 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
203	Merced, CA32900	44	NeutralNeutral	▲ 5	2	93	31	89	11	40	Stress↑	Balanced↑	—	Recession	›
Structural Drivers Price2 Permits93 Per Cap31 Afford89 Employ11 Migr40 LiqStress↑ ValBalanced↑ CycleRecession Full metro detail →
203	Tuscaloosa, AL46220	44	NeutralNeutral	▲ 2	38	29	25	63	43	66	Watch↓	Balanced—	High	Recovery	›
Structural Drivers Price38 Permits29 Per Cap25 Afford63 Employ43 Migr66 LiqWatch↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
203	Jacksonville, FL27260	44	NeutralNeutral	▲ 6	30	27	83	85	33	3	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price30 Permits27 Per Cap83 Afford85 Employ33 Migr3 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
217	Oxnard, CA37100	43	NeutralNeutral	▲ 1	19	92	19	22	81	26	Stress—	Balanced—	—	Hypersupply	›
Structural Drivers Price19 Permits92 Per Cap19 Afford22 Employ81 Migr26 LiqStress— ValBalanced— CycleHypersupply Full metro detail →
222	Beaumont, TX13140	42	NeutralNeutral	▲ 7	8	47	29	43	43	81	Stable—	Balanced—	Moderate	Expansion	›
Structural Drivers Price8 Permits47 Per Cap29 Afford43 Employ43 Migr81 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
222	Tulsa, OK46140	42	NeutralNeutral	▲ 9	13	78	60	55	9	39	Stable—	Balanced—	High	Expansion	›
Structural Drivers Price13 Permits78 Per Cap60 Afford55 Employ9 Migr39 LiqStable— ValBalanced— DivergHigh CycleExpansion Full metro detail →
222	Pittsburgh, PA38300	42	NeutralNeutral	▲ 2	58	28	23	28	18	95	Stable↓	Balanced—	Moderate	Expansion	›
Structural Drivers Price58 Permits28 Per Cap23 Afford28 Employ18 Migr95 LiqStable↓ ValBalanced— DivergModerate CycleExpansion Full metro detail →
222	Riverside, CA40140	42	NeutralNeutral	▲ 4	20	49	40	83	54	8	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price20 Permits49 Per Cap40 Afford83 Employ54 Migr8 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
222	Jackson, MS27140	42	NeutralNeutral	▲ 3	57	73	24	12	8	77	Stable↑	Balanced—	High	Expansion	›
Structural Drivers Price57 Permits73 Per Cap24 Afford12 Employ8 Migr77 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
234	Montgomery, AL33860	41	NeutralNeutral	▲ 6	9	57	22	3	78	78	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price9 Permits57 Per Cap22 Afford3 Employ78 Migr78 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
240	Denver, CO19740	40	BelowBelow Average	▲ 5	15	54	62	47	56	7	Watch—	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price15 Permits54 Per Cap62 Afford47 Employ56 Migr7 LiqWatch— ValBalanced— DivergModerate CycleHypersupply Full metro detail →
240	Decatur, AL19460	40	BelowBelow Average	▲ 14	33	72	14	35	29	55	Stable—	Balanced↑	—	Recovery	›
Structural Drivers Price33 Permits72 Per Cap14 Afford35 Employ29 Migr55 LiqStable— ValBalanced↑ CycleRecovery Full metro detail →
240	Salinas, CA41500	40	BelowBelow Average	▲ 4	25	94	17	59	31	15	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price25 Permits94 Per Cap17 Afford59 Employ31 Migr15 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
244	Santa Rosa, CA42220	39	BelowBelow Average	▲ 18	20	93	43	15	48	13	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price20 Permits93 Per Cap43 Afford15 Employ48 Migr13 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
252	Redding, CA39820	38	BelowBelow Average	▲ 5	9	79	11	41	49	36	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price9 Permits79 Per Cap11 Afford41 Employ49 Migr36 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
261	Sacramento, CA40900	37	BelowBelow Average	▲ 1	19	39	54	25	76	11	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price19 Permits39 Per Cap54 Afford25 Employ76 Migr11 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
267	Manchester, NH31700	36	BelowBelow Average	▲ 4	83	4	12	36	53	28	Watch↓	Balanced—	—	Recovery	›
Structural Drivers Price83 Permits4 Per Cap12 Afford36 Employ53 Migr28 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
269	Hattiesburg, MS25620	35	BelowBelow Average	▲ 1	4	8	1	68	70	59	Stable↑	Balanced↓	—	Expansion	›
Structural Drivers Price4 Permits8 Per Cap1 Afford68 Employ70 Migr59 LiqStable↑ ValBalanced↓ CycleExpansion Full metro detail →
274	Huntsville, AL26620	34	BelowBelow Average	▲ 3	19	30	88	9	32	26	Stable—	Balanced—	—	Expansion	›
Structural Drivers Price19 Permits30 Per Cap88 Afford9 Employ32 Migr26 LiqStable— ValBalanced— CycleExpansion Full metro detail →
276	Urban Honolulu, HI46520	32	BelowBelow Average	▲ 2	41	32	9	2	20	88	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price41 Permits32 Per Cap9 Afford2 Employ20 Migr88 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
279	Tyler, TX46340	30	BelowBelow Average	▲ 2	33	26	24	48	26	24	Stress—	Balanced—	—	Hypersupply	›
Structural Drivers Price33 Permits26 Per Cap24 Afford48 Employ26 Migr24 LiqStress— ValBalanced— CycleHypersupply Full metro detail →
284	Charleston, WV16620	27	BelowBelow Average	▲ 4	14	17	0	13	54	65	Stable—	Balanced—	—	Recovery	›
Structural Drivers Price14 Permits17 Per Cap0 Afford13 Employ54 Migr65 LiqStable— ValBalanced— CycleRecovery Full metro detail →

136 of 287 metros shown