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 →

46 of 287metros

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Risk

Cycle

Momentum

Liquidity

Valuation

Permits

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Core Risk					Structural Drivers						Market Signals		Cycle		Context
#↑	Metro	Score	Risk Band	Chg	Price	Permits	Per Cap	Afford	Employ	Migr	Liquidity	Valuation	Diverg.	Cycle	Yield	S/L	Cuts	Emp	Value
229	Santa Maria, CA42200	40	BelowBelow Average	▼ 15	33	46	15	72	39	36	Watch—	Balanced—	—	Hypersupply	—	—	—	Div	—	›
Structural Drivers Price33 Permits46 Per Cap15 Afford72 Employ39 Migr36 LiqWatch— ValBalanced— CycleHypersupply Full metro detail →
229	Lakeland, FL29460	40	BelowBelow Average	0	7	13	92	97	28	4	Stable—	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price7 Permits13 Per Cap92 Afford97 Employ28 Migr4 LiqStable— ValBalanced— CycleExpansion Full metro detail →
229	Toledo, OH45780	40	BelowBelow Average	0	68	3	3	14	64	87	Stress—	Balanced—	High	Recession	—	—	—	Mod	—	›
Structural Drivers Price68 Permits3 Per Cap3 Afford14 Employ64 Migr87 LiqStress— ValBalanced— DivergHigh CycleRecession Full metro detail →
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 →
229	Hilton Head Island, SC25940	40	BelowBelow Average	▼ 9	3	53	97	75	3	10	Stable↓	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price3 Permits53 Per Cap97 Afford75 Employ3 Migr10 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
234	Worcester, MA49340	39	BelowBelow Average	▼ 23	47	11	18	29	37	93	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price47 Permits11 Per Cap18 Afford29 Employ37 Migr93 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
234	Cape Coral, FL15980	39	BelowBelow Average	▼ 3	1	31	99	64	36	2	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price1 Permits31 Per Cap99 Afford64 Employ36 Migr2 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
234	San Luis Obispo, CA42020	39	BelowBelow Average	▼ 16	40	14	28	71	66	14	Stable↓	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price40 Permits14 Per Cap28 Afford71 Employ66 Migr14 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
234	Norwich, CT35980	39	BelowBelow Average	▼ 11	84	16	8	11	74	42	Stable↑	Compressed—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price84 Permits16 Per Cap8 Afford11 Employ74 Migr42 LiqStable↑ ValCompressed— CycleExpansion Full metro detail →
234	Amarillo, TX11100	39	BelowBelow Average	▼ 14	28	54	56	29	21	48	Stable↓	Balanced↓	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price28 Permits54 Per Cap56 Afford29 Employ21 Migr48 LiqStable↓ ValBalanced↓ DivergModerate CycleRecovery Full metro detail →
239	Killeen, TX28660	38	BelowBelow Average	▼ 9	5	22	73	54	53	22	Stress↑	Balanced—	High	Recession	—	—	—	Con	—	›
Structural Drivers Price5 Permits22 Per Cap73 Afford54 Employ53 Migr22 LiqStress↑ ValBalanced— DivergHigh CycleRecession Full metro detail →
239	Harrisburg, PA25420	38	BelowBelow Average	▼ 3	78	15	22	10	32	69	Stable↓	Balanced—	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price78 Permits15 Per Cap22 Afford10 Employ32 Migr69 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
239	Rapid City, SD39660	38	BelowBelow Average	▼ 16	10	3	71	94	6	42	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price10 Permits3 Per Cap71 Afford94 Employ6 Migr42 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
239	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 →
239	St. George, UT41100	38	BelowBelow Average	▼ 12	19	23	97	30	42	18	Watch↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price19 Permits23 Per Cap97 Afford30 Employ42 Migr18 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
239	Reno, NV39900	38	BelowBelow Average	▼ 15	29	9	65	37	79	10	Stable↓	Balanced↓	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price29 Permits9 Per Cap65 Afford37 Employ79 Migr10 LiqStable↓ ValBalanced↓ DivergHigh CycleRecovery Full metro detail →
245	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 →
245	Asheville, NC11700	37	BelowBelow Average	▼ 14	8	7	82	99	13	13	Stress↓	Balanced—	High	Recession	—	—	—	Mod	—	›
Structural Drivers Price8 Permits7 Per Cap82 Afford99 Employ13 Migr13 LiqStress↓ ValBalanced— DivergHigh CycleRecession Full metro detail →
245	Austin, TX12420	37	BelowBelow Average	▼ 3	5	21	93	68	32	1	Stable—	Balanced—	Low	Expansion	—	—	—	Div	—	›
Structural Drivers Price5 Permits21 Per Cap93 Afford68 Employ32 Migr1 LiqStable— ValBalanced— DivergLow CycleExpansion Full metro detail →
248	Sacramento, CA40900	36	BelowBelow Average	0	17	39	53	24	75	8	Stable↓	Balanced—	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price17 Permits39 Per Cap53 Afford24 Employ75 Migr8 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
248	Albany, NY10580	36	BelowBelow Average	▼ 16	72	24	26	15	27	54	Stable↓	—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price72 Permits24 Per Cap26 Afford15 Employ27 Migr54 LiqStable↓ DivergModerate CycleRecovery Full metro detail →
248	Springfield, MO44180	36	BelowBelow Average	▼ 2	42	14	43	49	10	57	Stable↑	Balanced↓	Low	Expansion	—	—	—	—	—	›
Structural Drivers Price42 Permits14 Per Cap43 Afford49 Employ10 Migr57 LiqStable↑ ValBalanced↓ DivergLow CycleExpansion Full metro detail →
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	Green Bay, WI24580	35	BelowBelow Average	▼ 26	66	18	53	26	13	34	Stress↑	Balanced↓	High	Recession	—	—	—	—	—	›
Structural Drivers Price66 Permits18 Per Cap53 Afford26 Employ13 Migr34 LiqStress↑ ValBalanced↓ DivergHigh CycleRecession Full metro detail →
252	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 →
252	Punta Gorda, FL39460	35	BelowBelow Average	▼ 7	0	5	98	79	16	14	Stable↓	Balanced↑	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price0 Permits5 Per Cap98 Afford79 Employ16 Migr14 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
252	Salem, OR41420	35	BelowBelow Average	▼ 3	34	26	41	70	3	36	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price34 Permits26 Per Cap41 Afford70 Employ3 Migr36 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
252	Burlington, NC15500	35	BelowBelow Average	▼ 11	3	19	94	38	26	31	Stress↑	Balanced↓	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price3 Permits19 Per Cap94 Afford38 Employ26 Migr31 LiqStress↑ ValBalanced↓ CycleRecession Full metro detail →
252	Yuba City, CA49700	35	BelowBelow Average	▼ 9	20	48	53	48	2	38	Stable↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price20 Permits48 Per Cap53 Afford48 Employ2 Migr38 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
258	State College, PA44300	34	BelowBelow Average	▼ 18	29	16	20	32	25	80	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price29 Permits16 Per Cap20 Afford32 Employ25 Migr80 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
258	Monroe, MI33780	34	BelowBelow Average	▼ 11	77	7	8	7	62	45	Stable↑	Balanced↓	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price77 Permits7 Per Cap8 Afford7 Employ62 Migr45 LiqStable↑ ValBalanced↓ CycleExpansion Full metro detail →
258	Charlotte, NC-SC16740	34	BelowBelow Average	▼ 4	44	21	81	55	1	5	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price44 Permits21 Per Cap81 Afford55 Employ1 Migr5 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
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 →
259	Dallas, TX19100	37	BelowBelow Average	▼ 3	9	42	86	36	47	0	Stable↓	Balanced—	Low	Recovery	—	—	—	Div	—	›
Structural Drivers Price9 Permits42 Per Cap86 Afford36 Employ47 Migr0 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
262	Longview, TX30980	32	BelowBelow Average	▼ 4	38	12	2	80	19	44	Watch—	Balanced—	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price38 Permits12 Per Cap2 Afford80 Employ19 Migr44 LiqWatch— ValBalanced— DivergHigh CycleHypersupply Full metro detail →
263	Rochester, MN40340	31	BelowBelow Average	▼ 23	48	1	42	12	0	84	Stable↑	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price48 Permits1 Per Cap42 Afford12 Employ0 Migr84 LiqStable↑ ValBalanced— DivergModerate CycleExpansion Full metro detail →
263	San Antonio, TX41700	31	BelowBelow Average	▼ 3	45	8	49	62	18	5	Stable↓	Compressed—	Low	Recovery	—	—	—	Con	—	›
Structural Drivers Price45 Permits8 Per Cap49 Afford62 Employ18 Migr5 LiqStable↓ ValCompressed— DivergLow CycleRecovery Full metro detail →
265	Tyler, TX46340	30	BelowBelow Average	▲ 2	25	26	23	44	27	32	Stress—	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price25 Permits26 Per Cap23 Afford44 Employ27 Migr32 LiqStress— ValBalanced— CycleHypersupply Full metro detail →
265	Las Cruces, NM29740	30	BelowBelow Average	▼ 14	9	23	46	50	2	50	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price9 Permits23 Per Cap46 Afford50 Employ2 Migr50 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
267	Raleigh, NC39580	29	BelowBelow Average	▼ 3	9	41	95	6	15	6	Watch↓	Balanced—	Moderate	Recovery	—	—	—	Div	—	›
Structural Drivers Price9 Permits41 Per Cap95 Afford6 Employ15 Migr6 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
267	Vallejo, CA46700	29	BelowBelow Average	▼ 12	17	1	16	21	96	25	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price17 Permits1 Per Cap16 Afford21 Employ96 Migr25 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
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 →
270	Lake Charles, LA29340	27	BelowBelow Average	▼ 34	31	0	30	23	11	66	Stable↓	Balanced↓	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price31 Permits0 Per Cap30 Afford23 Employ11 Migr66 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
271	Sebastian, FL42680	26	BelowBelow Average	▼ 6	3	0	10	84	40	17	Stable↓	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price3 Permits0 Per Cap10 Afford84 Employ40 Migr17 LiqStable↓ ValBalanced— CycleExpansion Full metro detail →
271	Urban Honolulu, HI46520	26	BelowBelow Average	▼ 4	5	32	10	1	21	89	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price5 Permits32 Per Cap10 Afford1 Employ21 Migr89 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
273	Slidell, LA43640	25	BelowBelow Average	—	4	59	51	4	4	28	—	—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price4 Permits59 Per Cap51 Afford4 Employ4 Migr28 CycleExpansion Full metro detail →

46 of 287 metros shown