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 →

189 of 274metros

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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
38	Durham, NC20500	60	NeutralNeutral	0	34	71	88	54	75	40	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price34 Permits71 Per Cap88 Afford54 Employ75 Migr40 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
38	Bloomington, IN14020	60	NeutralNeutral	0	51	2	53	71	100	83	Stable—	—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price51 Permits2 Per Cap53 Afford71 Employ100 Migr83 LiqStable— CycleExpansion Full metro detail →
38	Jackson, TN27180	60	NeutralNeutral	▼ 1	96	59	28	56	65	56	Stable↓	Balanced—	Low	Recovery	—	—	—	—	—	›
Structural Drivers Price96 Permits59 Per Cap28 Afford56 Employ65 Migr56 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
38	Lexington, KY30460	60	NeutralNeutral	0	82	42	52	70	24	89	Stable↑	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price82 Permits42 Per Cap52 Afford70 Employ24 Migr89 LiqStable↑ ValBalanced— DivergModerate CycleRecovery Full metro detail →
38	Columbia, SC17900	60	NeutralNeutral	▼ 1	81	66	81	45	37	48	Watch↓	Balanced—	Low	Recovery	—	—	—	—	—	›
Structural Drivers Price81 Permits66 Per Cap81 Afford45 Employ37 Migr48 LiqWatch↓ ValBalanced— DivergLow CycleRecovery 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	Fayetteville, NC22180	60	NeutralNeutral	0	96	3	41	45	85	92	Stable—	Balanced—	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price96 Permits3 Per Cap41 Afford45 Employ85 Migr92 LiqStable— ValBalanced— CycleExpansion 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	Providence, RI-MA39300	59	NeutralNeutral	▼ 3	69	90	15	78	75	28	Stable—	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price69 Permits90 Per Cap15 Afford78 Employ75 Migr28 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
47	Johnson City, TN27740	59	NeutralNeutral	▼ 3	95	4	49	99	35	70	Stable↓	Balanced—	Low	Recovery	—	—	—	—	—	›
Structural Drivers Price95 Permits4 Per Cap49 Afford99 Employ35 Migr70 LiqStable↓ ValBalanced— DivergLow CycleRecovery 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	Wichita, KS48620	59	NeutralNeutral	▼ 2	90	80	66	29	17	72	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price90 Permits80 Per Cap66 Afford29 Employ17 Migr72 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
47	Indianapolis, IN26900	59	NeutralNeutral	▼ 1	53	52	70	14	95	70	Watch↓	Balanced—	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price53 Permits52 Per Cap70 Afford14 Employ95 Migr70 LiqWatch↓ ValBalanced— DivergModerate CycleRecovery 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	Louisville/Jefferson County, KY-IN31140	58	NeutralNeutral	▼ 3	53	32	51	35	84	93	Watch↓	—	Low	Recovery	—	—	—	—	—	›
Structural Drivers Price53 Permits32 Per Cap51 Afford35 Employ84 Migr93 LiqWatch↓ DivergLow 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	Dover, DE20100	58	NeutralNeutral	▼ 8	89	70	79	19	63	30	Stable↓	Balanced↓	—	Expansion	—	—	—	Con	—	›
Structural Drivers Price89 Permits70 Per Cap79 Afford19 Employ63 Migr30 LiqStable↓ ValBalanced↓ CycleExpansion 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	Spartanburg, SC43900	57	NeutralNeutral	▼ 1	56	79	94	67	30	17	Watch↑	Balanced—	—	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price56 Permits79 Per Cap94 Afford67 Employ30 Migr17 LiqWatch↑ ValBalanced— CycleHypersupply 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 →
64	Utica, NY46540	57	NeutralNeutral	▼ 5	97	47	4	61	61	73	Stress↓	Balanced↓	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price97 Permits47 Per Cap4 Afford61 Employ61 Migr73 LiqStress↓ ValBalanced↓ CycleRecession Full metro detail →
70	Salt Lake City, UT41620	56	NeutralNeutral	▼ 1	41	72	65	61	3	96	Stable↓	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price41 Permits72 Per Cap65 Afford61 Employ3 Migr96 LiqStable↓ ValBalanced— CycleExpansion Full metro detail →
70	Rochester, MN40340	56	NeutralNeutral	▼ 2	18	98	72	11	52	84	Watch↑	Balanced—	Low	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price18 Permits98 Per Cap72 Afford11 Employ52 Migr84 LiqWatch↑ ValBalanced— DivergLow CycleHypersupply 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	Cincinnati, OH-KY-IN17140	56	NeutralNeutral	▼ 2	75	82	47	11	25	95	Stress↓	Balanced—	Moderate	Hypersupply	—	—	—	—	—	›
Structural Drivers Price75 Permits82 Per Cap47 Afford11 Employ25 Migr95 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply 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	Jackson, MI27100	56	NeutralNeutral	▼ 4	86	85	17	59	38	52	Watch↑	Balanced↓	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price86 Permits85 Per Cap17 Afford59 Employ38 Migr52 LiqWatch↑ ValBalanced↓ CycleHypersupply 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	Medford, OR32780	56	NeutralNeutral	▼ 1	32	77	53	76	65	35	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price32 Permits77 Per Cap53 Afford76 Employ65 Migr35 LiqStress↓ ValBalanced— 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	Vineland, NJ47220	55	NeutralNeutral	▼ 8	72	40	7	64	92	53	Stable↓	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price72 Permits40 Per Cap7 Afford64 Employ92 Migr53 LiqStable↓ ValBalanced— CycleExpansion Full metro detail →
80	Lansing, MI29620	55	NeutralNeutral	▼ 3	29	84	18	15	93	90	Stable↑	Balanced—	High	Expansion	—	—	—	Mod	—	›
Structural Drivers Price29 Permits84 Per Cap18 Afford15 Employ93 Migr90 LiqStable↑ ValBalanced— DivergHigh 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	Gulfport, MS25060	55	NeutralNeutral	▼ 8	55	64	82	62	29	39	Stable↑	Balanced—	Low	Expansion	—	—	—	Con	—	›
Structural Drivers Price55 Permits64 Per Cap82 Afford62 Employ29 Migr39 LiqStable↑ ValBalanced— DivergLow CycleExpansion Full metro detail →
80	Bowling Green, KY14540	55	NeutralNeutral	▼ 1	49	88	80	50	17	46	Stable↓	Balanced—	—	Recovery	—	—	—	—	—	›
Structural Drivers Price49 Permits88 Per Cap80 Afford50 Employ17 Migr46 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
80	Chattanooga, TN-GA16860	55	NeutralNeutral	▼ 2	60	61	64	83	42	21	Watch—	Balanced—	Low	Hypersupply	—	—	—	—	—	›
Structural Drivers Price60 Permits61 Per Cap64 Afford83 Employ42 Migr21 LiqWatch— ValBalanced— DivergLow CycleHypersupply 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 →
80	Burlington, VT15540	55	NeutralNeutral	▼ 3	33	83	62	52	46	54	Stress↓	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price33 Permits83 Per Cap62 Afford52 Employ46 Migr54 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
80	Tallahassee, FL45220	55	NeutralNeutral	▼ 6	13	36	72	71	48	92	Stable—	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price13 Permits36 Per Cap72 Afford71 Employ48 Migr92 LiqStable— ValBalanced— DivergModerate CycleRecovery Full metro detail →
92	Kansas City, MO-KS28140	54	NeutralNeutral	▼ 5	67	59	54	35	33	75	Stable↓	Balanced—	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price67 Permits59 Per Cap54 Afford35 Employ33 Migr75 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
92	Clarksville, TN-KY17300	54	NeutralNeutral	▼ 1	89	22	82	77	25	26	Stable—	Balanced—	—	Expansion	—	—	—	—	—	›
Structural Drivers Price89 Permits22 Per Cap82 Afford77 Employ25 Migr26 LiqStable— ValBalanced— CycleExpansion Full metro detail →
92	Midland, TX33260	54	NeutralNeutral	▼ 8	100	1	60	82	11	67	Stable—	Extreme↑	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price100 Permits1 Per Cap60 Afford82 Employ11 Migr67 LiqStable— ValExtreme↑ 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	Canton, OH15940	54	NeutralNeutral	0	89	77	12	20	82	47	Stable↑	Balanced↓	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price89 Permits77 Per Cap12 Afford20 Employ82 Migr47 LiqStable↑ ValBalanced↓ CycleExpansion Full metro detail →
92	Reading, PA39740	54	NeutralNeutral	▼ 3	97	97	8	24	40	60	Watch↓	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price97 Permits97 Per Cap8 Afford24 Employ40 Migr60 LiqWatch↓ ValBalanced— CycleExpansion Full metro detail →
92	Fargo, ND-MN22020	54	NeutralNeutral	▼ 3	33	56	63	41	70	58	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price33 Permits56 Per Cap63 Afford41 Employ70 Migr58 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	Chico, CA17020	54	NeutralNeutral	▼ 3	5	64	54	84	74	42	Stable↓	Balanced↑	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price5 Permits64 Per Cap54 Afford84 Employ74 Migr42 LiqStable↓ ValBalanced↑ CycleExpansion 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	Fayetteville, AR22220	54	NeutralNeutral	0	81	70	99	59	2	12	Stress↓	Balanced—	—	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price81 Permits70 Per Cap99 Afford59 Employ2 Migr12 LiqStress↓ ValBalanced— CycleHypersupply 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 →
92	Kenosha, WI28450	54	NeutralNeutral	▼ 1	83	80	45	14	53	47	—	—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price83 Permits80 Per Cap45 Afford14 Employ53 Migr47 CycleExpansion 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	Homosassa Springs, FL26140	53	NeutralNeutral	0	6	26	96	100	70	20	Stable↓	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price6 Permits26 Per Cap96 Afford100 Employ70 Migr20 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
106	Rockford, IL40420	53	NeutralNeutral	▼ 3	72	76	7	5	97	60	Stable↓	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price72 Permits76 Per Cap7 Afford5 Employ97 Migr60 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
106	Youngstown, OH49660	53	NeutralNeutral	▼ 1	71	68	2	56	54	65	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price71 Permits68 Per Cap2 Afford56 Employ54 Migr65 LiqStable↑ ValBalanced— CycleExpansion 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	Knoxville, TN28940	53	NeutralNeutral	▼ 6	29	62	85	91	37	16	Stable↓	Balanced—	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price29 Permits62 Per Cap85 Afford91 Employ37 Migr16 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
106	Shreveport, LA43340	53	NeutralNeutral	0	29	73	36	30	68	82	Stable—	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price29 Permits73 Per Cap36 Afford30 Employ68 Migr82 LiqStable— ValBalanced— DivergModerate CycleRecovery 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	Monroe, LA33740	53	NeutralNeutral	▼ 1	84	78	20	65	9	64	Stable↓	Balanced↓	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price84 Permits78 Per Cap20 Afford65 Employ9 Migr64 LiqStable↓ ValBalanced↓ DivergModerate CycleRecovery 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	Iowa City, IA26980	52	NeutralNeutral	▼ 8	29	90	84	7	18	86	Stable↓	Balanced—	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price29 Permits90 Per Cap84 Afford7 Employ18 Migr86 LiqStable↓ ValBalanced— CycleRecovery 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	New Haven, CT35300	52	NeutralNeutral	▼ 4	67	91	15	10	31	95	Watch↑	Balanced—	—	Hypersupply	—	—	—	Div	—	›
Structural Drivers Price67 Permits91 Per Cap15 Afford10 Employ31 Migr95 LiqWatch↑ ValBalanced— CycleHypersupply 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	Anchorage, AK11260	52	NeutralNeutral	▼ 2	88	60	4	3	79	78	Stable↑	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price88 Permits60 Per Cap4 Afford3 Employ79 Migr78 LiqStable↑ ValBalanced— CycleExpansion 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	Boulder, CO14500	52	NeutralNeutral	▼ 1	34	86	75	47	42	26	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price34 Permits86 Per Cap75 Afford47 Employ42 Migr26 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
122	Lakeland, FL29460	52	NeutralNeutral	0	98	8	86	97	16	4	Stable—	Compressed—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price98 Permits8 Per Cap86 Afford97 Employ16 Migr4 LiqStable— ValCompressed— CycleExpansion Full metro detail →
122	Laredo, TX29700	52	NeutralNeutral	▼ 6	70	26	55	53	27	84	Stable↓	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price70 Permits26 Per Cap55 Afford53 Employ27 Migr84 LiqStable↓ ValBalanced↓ CycleRecovery 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 →
122	Beaumont, TX13140	52	NeutralNeutral	0	97	22	23	53	34	83	Stable↓	Balanced↑	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price97 Permits22 Per Cap23 Afford53 Employ34 Migr83 LiqStable↓ ValBalanced↑ DivergModerate CycleRecovery Full metro detail →
122	Columbus, OH18140	52	NeutralNeutral	0	51	21	69	23	49	96	Stable↓	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price51 Permits21 Per Cap69 Afford23 Employ49 Migr96 LiqStable↓ ValBalanced— DivergModerate CycleExpansion Full metro detail →
136	Portland, ME38860	51	NeutralNeutral	▼ 7	44	69	70	80	31	12	Stable↓	Balanced—	Low	Expansion	—	—	—	Con	—	›
Structural Drivers Price44 Permits69 Per Cap70 Afford80 Employ31 Migr12 LiqStable↓ ValBalanced— DivergLow CycleExpansion Full metro detail →
136	Merced, CA32900	51	NeutralNeutral	▼ 9	81	51	18	91	5	62	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price81 Permits51 Per Cap18 Afford91 Employ5 Migr62 LiqStable↓ ValBalanced— CycleRecovery 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	Springfield, MO44180	51	NeutralNeutral	0	85	53	51	50	12	57	Stable↑	Balanced—	Low	Expansion	—	—	—	—	—	›
Structural Drivers Price85 Permits53 Per Cap51 Afford50 Employ12 Migr57 LiqStable↑ ValBalanced— DivergLow CycleExpansion Full metro detail →
136	Lafayette, IN29200	51	NeutralNeutral	▼ 12	87	4	90	34	5	88	Stress↓	Balanced—	—	Recession	—	—	—	—	—	›
Structural Drivers Price87 Permits4 Per Cap90 Afford34 Employ5 Migr88 LiqStress↓ ValBalanced— CycleRecession Full metro detail →
136	Punta Gorda, FL39460	51	NeutralNeutral	0	8	21	99	78	87	14	Stable—	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price8 Permits21 Per Cap99 Afford78 Employ87 Migr14 LiqStable— ValBalanced— CycleRecovery Full metro detail →
136	Oklahoma City, OK36420	51	NeutralNeutral	▼ 2	42	62	63	50	62	27	Stable—	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price42 Permits62 Per Cap63 Afford50 Employ62 Migr27 LiqStable— ValBalanced— DivergModerate CycleExpansion 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	Kingsport, TN-VA28700	50	NeutralNeutral	0	53	36	32	96	41	40	Stable↑	Balanced—	High	Expansion	—	—	—	Con	—	›
Structural Drivers Price53 Permits36 Per Cap32 Afford96 Employ41 Migr40 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
146	Wilmington, NC48900	50	NeutralNeutral	▼ 1	55	41	100	89	11	7	Stable↓	Balanced—	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price55 Permits41 Per Cap100 Afford89 Employ11 Migr7 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
146	Bangor, ME12620	50	NeutralNeutral	0	88	21	34	90	6	59	Watch↓	Balanced↑	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price88 Permits21 Per Cap34 Afford90 Employ6 Migr59 LiqWatch↓ ValBalanced↑ CycleRecovery Full metro detail →
146	Huntington, WV-KY-OH26580	50	NeutralNeutral	0	93	89	9	33	29	49	Stable↓	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price93 Permits89 Per Cap9 Afford33 Employ29 Migr49 LiqStable↓ ValBalanced— DivergModerate CycleExpansion Full metro detail →
146	St. Louis, MO-IL41180	50	NeutralNeutral	▼ 3	73	47	24	12	49	98	Stable↓	Balanced—	Moderate	Expansion	—	—	—	—	—	›
Structural Drivers Price73 Permits47 Per Cap24 Afford12 Employ49 Migr98 LiqStable↓ ValBalanced— DivergModerate CycleExpansion Full metro detail →
146	Augusta, GA-SC12260	50	NeutralNeutral	▼ 3	91	17	67	41	26	57	Stress↑	Balanced↓	Moderate	Recession	—	—	—	Con	—	›
Structural Drivers Price91 Permits17 Per Cap67 Afford41 Employ26 Migr57 LiqStress↑ ValBalanced↓ DivergModerate CycleRecession 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	Davenport, IA-IL19340	49	NeutralNeutral	0	80	27	12	18	90	69	Stable↑	Balanced—	Low	Expansion	—	—	—	Mod	—	›
Structural Drivers Price80 Permits27 Per Cap12 Afford18 Employ90 Migr69 LiqStable↑ ValBalanced— DivergLow CycleExpansion 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	Daphne, AL19300	49	NeutralNeutral	▼ 1	39	51	97	57	33	18	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price39 Permits51 Per Cap97 Afford57 Employ33 Migr18 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
155	Niles, MI35660	49	NeutralNeutral	▼ 2	94	9	20	69	62	41	Stable—	Balanced↓	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price94 Permits9 Per Cap20 Afford69 Employ62 Migr41 LiqStable— ValBalanced↓ CycleExpansion 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 →
155	San Diego, CA41740	49	NeutralNeutral	▼ 5	35	32	40	75	26	88	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price35 Permits32 Per Cap40 Afford75 Employ26 Migr88 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
155	Cleveland, OH17410	49	NeutralNeutral	▼ 1	45	79	19	7	46	97	—	Balanced—	Moderate	Expansion	—	—	—	Div	—	›
Structural Drivers Price45 Permits79 Per Cap19 Afford7 Employ46 Migr97 ValBalanced— DivergModerate CycleExpansion Full metro detail →
155	Toledo, OH45780	49	NeutralNeutral	▼ 3	48	53	3	13	90	87	Stable↓	Balanced—	Low	Recovery	—	—	—	Mod	—	›
Structural Drivers Price48 Permits53 Per Cap3 Afford13 Employ90 Migr87 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
155	Boise City, ID14260	49	NeutralNeutral	▼ 4	48	39	94	88	20	6	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price48 Permits39 Per Cap94 Afford88 Employ20 Migr6 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
155	Greensboro, NC24660	49	NeutralNeutral	▼ 2	32	49	60	42	29	82	Stress↓	Balanced—	High	Hypersupply	—	—	—	Div	—	›
Structural Drivers Price32 Permits49 Per Cap60 Afford42 Employ29 Migr82 LiqStress↓ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
155	Omaha, NE-IA36540	49	NeutralNeutral	▼ 5	63	45	76	19	11	81	Stable↓	Balanced—	Low	Recovery	—	—	—	Mod	—	›
Structural Drivers Price63 Permits45 Per Cap76 Afford19 Employ11 Migr81 LiqStable↓ ValBalanced— DivergLow CycleRecovery 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	Binghamton, NY13780	48	NeutralNeutral	0	63	44	13	51	45	72	Stable↓	Balanced↑	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price63 Permits44 Per Cap13 Afford51 Employ45 Migr72 LiqStable↓ 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 →
166	Salinas, CA41500	48	NeutralNeutral	▼ 6	43	94	20	53	47	32	Stable—	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price43 Permits94 Per Cap20 Afford53 Employ47 Migr32 LiqStable— ValBalanced↓ CycleRecovery 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 →
172	New Orleans, LA35380	47	NeutralNeutral	▼ 7	27	33	14	73	39	97	Stable↓	Balanced—	Moderate	Expansion	—	—	—	Con	—	›
Structural Drivers Price27 Permits33 Per Cap14 Afford73 Employ39 Migr97 LiqStable↓ ValBalanced— DivergModerate CycleExpansion Full metro detail →
172	Longview, TX30980	47	NeutralNeutral	▼ 3	64	39	3	79	51	44	Stable—	Balanced—	Moderate	Recovery	—	—	—	Mod	—	›
Structural Drivers Price64 Permits39 Per Cap3 Afford79 Employ51 Migr44 LiqStable— ValBalanced— DivergModerate CycleRecovery Full metro detail →
175	McAllen, TX32580	46	NeutralNeutral	▼ 4	8	29	80	75	9	78	Stable↓	Balanced↓	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price8 Permits29 Per Cap80 Afford75 Employ9 Migr78 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
175	Ocala, FL36100	46	NeutralNeutral	▼ 4	34	23	98	95	18	9	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price34 Permits23 Per Cap98 Afford95 Employ18 Migr9 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
175	San Luis Obispo, CA42020	46	NeutralNeutral	▼ 2	2	65	33	66	95	14	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price2 Permits65 Per Cap33 Afford66 Employ95 Migr14 LiqStable↓ ValBalanced— CycleRecovery 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	Nashville, TN34980	46	NeutralNeutral	▼ 5	57	34	86	81	13	3	Stable↓	Balanced—	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price57 Permits34 Per Cap86 Afford81 Employ13 Migr3 LiqStable↓ ValBalanced— DivergModerate CycleRecovery 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	Kiryas Joel, NY28880	46	NeutralNeutral	0	64	58	38	17	73	27	—	—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price64 Permits58 Per Cap38 Afford17 Employ73 Migr27 CycleExpansion 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	Duluth, MN-WI20260	46	NeutralNeutral	▼ 2	11	15	25	96	80	46	Stable↓	Balanced↓	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price11 Permits15 Per Cap25 Afford96 Employ80 Migr46 LiqStable↓ ValBalanced↓ DivergHigh 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 →
175	Flint, MI22420	46	NeutralNeutral	▼ 1	76	59	6	30	51	53	Stable—	Balanced↓	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price76 Permits59 Per Cap6 Afford30 Employ51 Migr53 LiqStable— ValBalanced↓ CycleExpansion Full metro detail →
175	Lake Havasu City, AZ29420	46	NeutralNeutral	▼ 3	15	0	58	99	86	16	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price15 Permits0 Per Cap58 Afford99 Employ86 Migr16 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
175	Tucson, AZ46060	46	NeutralNeutral	▼ 2	42	37	52	76	55	11	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price42 Permits37 Per Cap52 Afford76 Employ55 Migr11 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
190	Dayton, OH19430	45	NeutralNeutral	▼ 3	52	60	30	7	27	92	—	Balanced—	Low	Expansion	—	—	—	Mod	—	›
Structural Drivers Price52 Permits60 Per Cap30 Afford7 Employ27 Migr92 ValBalanced— DivergLow CycleExpansion Full metro detail →
190	Charlottesville, VA16820	45	NeutralNeutral	▼ 4	86	23	65	29	5	63	Watch—	Balanced↑	Moderate	Hypersupply	—	—	—	Con	—	›
Structural Drivers Price86 Permits23 Per Cap65 Afford29 Employ5 Migr63 LiqWatch— ValBalanced↑ DivergModerate CycleHypersupply Full metro detail →
190	El Centro, CA20940	45	NeutralNeutral	0	22	34	7	94	39	74	Stable↑	Balanced↓	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price22 Permits34 Per Cap7 Afford94 Employ39 Migr74 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	Bridgeport, CT14860	44	NeutralNeutral	▼ 3	88	89	42	1	33	13	Stable—	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price88 Permits89 Per Cap42 Afford1 Employ33 Migr13 LiqStable— ValBalanced— CycleRecovery Full metro detail →
193	Cape Coral, FL15980	44	NeutralNeutral	▼ 4	45	7	97	62	52	2	Stable—	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price45 Permits7 Per Cap97 Afford62 Employ52 Migr2 LiqStable— ValBalanced— CycleRecovery Full metro detail →
193	Colorado Springs, CO17820	44	NeutralNeutral	▼ 5	8	88	79	32	36	18	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price8 Permits88 Per Cap79 Afford32 Employ36 Migr18 LiqStable↓ ValBalanced— CycleRecovery 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	Green Bay, WI24580	44	NeutralNeutral	▼ 2	66	54	63	27	21	34	Stress↑	Balanced—	High	Recession	—	—	—	—	—	›
Structural Drivers Price66 Permits54 Per Cap63 Afford27 Employ21 Migr34 LiqStress↑ ValBalanced— DivergHigh CycleRecession Full metro detail →
193	Hagerstown, MD-WV25180	44	NeutralNeutral	0	17	57	63	18	88	20	Stable↓	Balanced—	Low	Recovery	—	—	—	Mod	—	›
Structural Drivers Price17 Permits57 Per Cap63 Afford18 Employ88 Migr20 LiqStable↓ ValBalanced— DivergLow CycleRecovery Full metro detail →
193	La Crosse, WI-MN29100	44	NeutralNeutral	▼ 1	39	40	30	74	22	60	Stable—	Balanced—	High	Recovery	—	—	—	Mod	—	›
Structural Drivers Price39 Permits40 Per Cap30 Afford74 Employ22 Migr60 LiqStable— ValBalanced— DivergHigh CycleRecovery Full metro detail →
193	Olympia, WA36500	44	NeutralNeutral	▼ 6	10	85	71	26	49	23	Stress↓	Balanced—	—	Recession	—	—	—	Con	—	›
Structural Drivers Price10 Permits85 Per Cap71 Afford26 Employ49 Migr23 LiqStress↓ ValBalanced— CycleRecession 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 →
193	St. George, UT41100	44	NeutralNeutral	▼ 2	49	68	98	31	1	18	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price49 Permits68 Per Cap98 Afford31 Employ1 Migr18 LiqStable— ValBalanced— CycleExpansion Full metro detail →
206	Oxnard, CA37100	43	NeutralNeutral	▼ 2	38	56	14	22	79	51	Stable↓	Balanced—	—	Recovery	—	—	—	Div	—	›
Structural Drivers Price38 Permits56 Per Cap14 Afford22 Employ79 Migr51 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 →
206	Port St. Lucie, FL38940	43	NeutralNeutral	0	17	9	82	90	58	4	Stable—	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price17 Permits9 Per Cap82 Afford90 Employ58 Migr4 LiqStable— ValBalanced— CycleExpansion Full metro detail →
206	Peoria, IL37900	43	NeutralNeutral	▼ 4	82	68	0	3	44	62	Watch↑	Balanced—	Low	Hypersupply	—	—	—	—	—	›
Structural Drivers Price82 Permits68 Per Cap0 Afford3 Employ44 Migr62 LiqWatch↑ ValBalanced— DivergLow CycleHypersupply Full metro detail →
206	Houston, TX26420	43	NeutralNeutral	▼ 3	43	30	83	66	22	15	Stable↓	Balanced—	Moderate	Recovery	—	—	—	—	—	›
Structural Drivers Price43 Permits30 Per Cap83 Afford66 Employ22 Migr15 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
211	Albuquerque, NM10740	42	NeutralNeutral	▼ 3	37	20	32	16	81	67	Stable↓	Balanced—	Moderate	Recovery	—	—	—	Con	—	›
Structural Drivers Price37 Permits20 Per Cap32 Afford16 Employ81 Migr67 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
211	Lincoln, NE30700	42	NeutralNeutral	▼ 5	21	24	68	37	24	79	Watch—	Balanced—	—	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price21 Permits24 Per Cap68 Afford37 Employ24 Migr79 LiqWatch— ValBalanced— 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	Myrtle Beach, SC34820	42	NeutralNeutral	0	27	35	99	83	2	4	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price27 Permits35 Per Cap99 Afford83 Employ2 Migr4 LiqStable— ValBalanced— CycleExpansion Full metro detail →
211	Provo, UT39340	42	NeutralNeutral	▼ 4	58	54	88	33	7	15	Stable—	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price58 Permits54 Per Cap88 Afford33 Employ7 Migr15 LiqStable— ValBalanced— CycleExpansion Full metro detail →
211	Terre Haute, IN45460	42	NeutralNeutral	▼ 5	37	69	16	56	16	55	Stable↓	Balanced↓	High	Recovery	—	—	—	—	—	›
Structural Drivers Price37 Permits69 Per Cap16 Afford56 Employ16 Migr55 LiqStable↓ ValBalanced↓ DivergHigh 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	Panama City, FL37460	41	NeutralNeutral	▼ 3	3	16	91	79	32	23	Stable↓	Balanced↓	—	Recovery	—	—	—	Con	—	›
Structural Drivers Price3 Permits16 Per Cap91 Afford79 Employ32 Migr23 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
218	Bloomington, IL14010	41	NeutralNeutral	▼ 5	10	50	10	1	92	81	Stable↑	Balanced↓	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price10 Permits50 Per Cap10 Afford1 Employ92 Migr81 LiqStable↑ ValBalanced↓ CycleRecovery Full metro detail →
218	Minneapolis, MN-WI33460	41	NeutralNeutral	▼ 2	35	43	47	8	14	100	Stable↓	Balanced—	Moderate	Expansion	—	—	—	Mod	—	›
Structural Drivers Price35 Permits43 Per Cap47 Afford8 Employ14 Migr100 LiqStable↓ ValBalanced— DivergModerate CycleExpansion Full metro detail →
218	Manchester, NH31700	41	NeutralNeutral	▼ 1	58	11	11	36	73	55	Stable↓	Balanced—	—	Expansion	—	—	—	Div	—	›
Structural Drivers Price58 Permits11 Per Cap11 Afford36 Employ73 Migr55 LiqStable↓ ValBalanced— CycleExpansion Full metro detail →
218	Lynchburg, VA31340	41	NeutralNeutral	▼ 2	31	18	44	71	21	62	Watch↑	Balanced—	High	Hypersupply	—	—	—	Mod	—	›
Structural Drivers Price31 Permits18 Per Cap44 Afford71 Employ21 Migr62 LiqWatch↑ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
218	Scranton, PA42540	41	NeutralNeutral	▼ 6	46	48	5	40	57	49	Stable↓	Balanced—	—	Expansion	—	—	—	Mod	—	›
Structural Drivers Price46 Permits48 Per Cap5 Afford40 Employ57 Migr49 LiqStable↓ ValBalanced— CycleExpansion Full metro detail →
218	Spokane, WA44060	41	NeutralNeutral	▼ 3	2	10	59	62	88	24	Stable↓	Balanced—	—	Recovery	—	—	—	Mod	—	›
Structural Drivers Price2 Permits10 Per Cap59 Afford62 Employ88 Migr24 LiqStable↓ ValBalanced— CycleRecovery 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 →
218	Florence, AL22520	41	NeutralNeutral	▼ 6	12	92	29	39	28	48	Stress↑	Balanced—	—	Recession	—	—	—	Mod	—	›
Structural Drivers Price12 Permits92 Per Cap29 Afford39 Employ28 Migr48 LiqStress↑ ValBalanced— CycleRecession Full metro detail →

189 of 274 metros shown