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
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	Bloomington, IN14020	60	NeutralNeutral	0	10	85	82	65	100	18	Stable↓	—	—	Recovery	›
Structural Drivers Price10 Permits85 Per Cap82 Afford65 Employ100 Migr18 LiqStable↓ CycleRecovery 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	Joplin, MO-KS27900	60	NeutralNeutral	0	55	41	44	70	97	55	Stable—	Balanced↓	Moderate	Expansion	›
Structural Drivers Price55 Permits41 Per Cap44 Afford70 Employ97 Migr55 LiqStable— ValBalanced↓ DivergModerate CycleExpansion Full metro detail →
41	McAllen, TX32580	60	NeutralNeutral	▼ 4	70	44	84	79	8	76	Watch↓	Balanced—	—	Recovery	›
Structural Drivers Price70 Permits44 Per Cap84 Afford79 Employ8 Migr76 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
41	Lynchburg, VA31340	60	NeutralNeutral	▼ 12	81	11	52	72	81	60	Stress↓	Balanced↑	High	Hypersupply	›
Structural Drivers Price81 Permits11 Per Cap52 Afford72 Employ81 Migr60 LiqStress↓ ValBalanced↑ DivergHigh CycleHypersupply 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	Prescott Valley, AZ39150	59	NeutralNeutral	▼ 8	76	28	77	93	69	10	—	Balanced—	—	Expansion	›
Structural Drivers Price76 Permits28 Per Cap77 Afford93 Employ69 Migr10 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	Eugene, OR21660	58	NeutralNeutral	▼ 11	48	35	51	86	85	43	Stable↓	Balanced↓	—	Recovery	›
Structural Drivers Price48 Permits35 Per Cap51 Afford86 Employ85 Migr43 LiqStable↓ ValBalanced↓ CycleRecovery 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	Providence, RI-MA39300	58	NeutralNeutral	▼ 4	62	86	10	77	59	55	Stable—	Balanced—	Moderate	Expansion	›
Structural Drivers Price62 Permits86 Per Cap10 Afford77 Employ59 Migr55 LiqStable— ValBalanced— DivergModerate CycleExpansion 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	Pensacola, FL37860	58	NeutralNeutral	▼ 3	42	43	72	83	77	28	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price42 Permits43 Per Cap72 Afford83 Employ77 Migr28 LiqStable↓ ValBalanced— CycleRecovery 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	Waterbury, CT47930	58	NeutralNeutral	—	94	74	8	15	93	62	—	—	—	Expansion	›
Structural Drivers Price94 Permits74 Per Cap8 Afford15 Employ93 Migr62 CycleExpansion Full metro detail →
55	Milwaukee, WI33340	58	NeutralNeutral	▼ 12	80	30	20	30	91	94	Stable—	Balanced—	High	Expansion	›
Structural Drivers Price80 Permits30 Per Cap20 Afford30 Employ91 Migr94 LiqStable— ValBalanced— DivergHigh CycleExpansion 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 →
55	Billings, MT13740	58	NeutralNeutral	▼ 8	44	22	65	77	86	52	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price44 Permits22 Per Cap65 Afford77 Employ86 Migr52 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
55	Cincinnati, OH-KY-IN17140	58	NeutralNeutral	0	57	64	41	12	86	91	Watch↑	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price57 Permits64 Per Cap41 Afford12 Employ86 Migr91 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
55	Duluth, MN-WI20260	58	NeutralNeutral	▼ 7	98	10	27	97	66	47	Stable—	Compressed—	Moderate	Expansion	›
Structural Drivers Price98 Permits10 Per Cap27 Afford97 Employ66 Migr47 LiqStable— ValCompressed— DivergModerate CycleExpansion Full metro detail →
55	Florence, SC22500	58	NeutralNeutral	▼ 1	83	70	56	74	3	63	Watch↑	Balanced↓	—	Hypersupply	›
Structural Drivers Price83 Permits70 Per Cap56 Afford74 Employ3 Migr63 LiqWatch↑ ValBalanced↓ CycleHypersupply Full metro detail →
55	Kenosha, WI28450	58	NeutralNeutral	—	75	100	64	12	56	44	—	—	—	Expansion	›
Structural Drivers Price75 Permits100 Per Cap64 Afford12 Employ56 Migr44 CycleExpansion 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	Dothan, AL20020	57	NeutralNeutral	▼ 1	100	39	46	38	62	56	Stable↓	Compressed↑	High	Recovery	›
Structural Drivers Price100 Permits39 Per Cap46 Afford38 Employ62 Migr56 LiqStable↓ ValCompressed↑ DivergHigh CycleRecovery Full metro detail →
71	Traverse City, MI45900	57	NeutralNeutral	—	79	66	76	85	7	30	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price79 Permits66 Per Cap76 Afford85 Employ7 Migr30 LiqStable↓ ValBalanced— DivergHigh CycleRecovery 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 →
71	Bellingham, WA13380	57	NeutralNeutral	▼ 7	39	53	62	87	78	22	Stress↓	Balanced—	—	Hypersupply	›
Structural Drivers Price39 Permits53 Per Cap62 Afford87 Employ78 Migr22 LiqStress↓ ValBalanced— CycleHypersupply 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	South Bend, IN-MI43780	56	NeutralNeutral	▼ 11	74	37	31	70	46	80	Stable—	Balanced↑	—	Expansion	›
Structural Drivers Price74 Permits37 Per Cap31 Afford70 Employ46 Migr80 LiqStable— ValBalanced↑ CycleExpansion 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	Oshkosh, WI36780	56	NeutralNeutral	▼ 10	84	47	48	50	58	49	Stress↑	Balanced—	—	Recession	›
Structural Drivers Price84 Permits47 Per Cap48 Afford50 Employ58 Migr49 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
76	Terre Haute, IN45460	56	NeutralNeutral	0	81	98	18	60	24	57	Watch↑	Balanced↓	High	Hypersupply	›
Structural Drivers Price81 Permits98 Per Cap18 Afford60 Employ24 Migr57 LiqWatch↑ ValBalanced↓ DivergHigh 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	Jackson, MI27100	55	NeutralNeutral	▼ 3	99	95	17	59	15	44	Stable↑	Compressed—	—	Expansion	›
Structural Drivers Price99 Permits95 Per Cap17 Afford59 Employ15 Migr44 LiqStable↑ ValCompressed— CycleExpansion 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	Hagerstown, MD-WV25180	55	NeutralNeutral	▼ 1	89	39	65	23	91	22	Watch↓	Balanced—	High	Recovery	›
Structural Drivers Price89 Permits39 Per Cap65 Afford23 Employ91 Migr22 LiqWatch↓ 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 →
87	Cedar Rapids, IA16300	55	NeutralNeutral	▼ 3	77	45	50	2	85	72	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price77 Permits45 Per Cap50 Afford2 Employ85 Migr72 LiqStable↓ ValBalanced— DivergHigh 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	Muskegon, MI34740	54	NeutralNeutral	▼ 3	73	61	33	97	15	45	Stable↑	Balanced↑	—	Expansion	›
Structural Drivers Price73 Permits61 Per Cap33 Afford97 Employ15 Migr45 LiqStable↑ ValBalanced↑ CycleExpansion 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	Valdosta, GA46660	54	NeutralNeutral	▼ 1	8	35	70	54	98	57	Stress↑	Balanced↑	—	Recession	›
Structural Drivers Price8 Permits35 Per Cap70 Afford54 Employ98 Migr57 LiqStress↑ ValBalanced↑ CycleRecession Full metro detail →
94	Shreveport, LA43340	54	NeutralNeutral	▼ 2	73	60	35	34	46	77	Stable—	Balanced—	High	Expansion	›
Structural Drivers Price73 Permits60 Per Cap35 Afford34 Employ46 Migr77 LiqStable— ValBalanced— DivergHigh CycleExpansion 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	Dover, DE20100	54	NeutralNeutral	▼ 4	98	59	75	22	37	33	Stable↓	Compressed↓	—	Recovery	›
Structural Drivers Price98 Permits59 Per Cap75 Afford22 Employ37 Migr33 LiqStable↓ ValCompressed↓ CycleRecovery Full metro detail →
94	Cleveland, OH17410	54	NeutralNeutral	—	84	69	17	7	55	94	—	Balanced—	Moderate	Expansion	›
Structural Drivers Price84 Permits69 Per Cap17 Afford7 Employ55 Migr94 ValBalanced— DivergModerate CycleExpansion 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	Rockford, IL40420	53	NeutralNeutral	▼ 4	91	69	6	6	82	65	Stress↑	Balanced↓	—	Recession	›
Structural Drivers Price91 Permits69 Per Cap6 Afford6 Employ82 Migr65 LiqStress↑ ValBalanced↓ CycleRecession Full metro detail →
108	El Paso, TX21340	53	NeutralNeutral	▼ 2	28	42	29	72	62	83	Stable—	Balanced—	—	Recovery	›
Structural Drivers Price28 Permits42 Per Cap29 Afford72 Employ62 Migr83 LiqStable— ValBalanced— CycleRecovery Full metro detail →
108	Seattle, WA42660	53	NeutralNeutral	▼ 3	25	32	51	43	70	98	Watch—	Balanced—	High	Hypersupply	›
Structural Drivers Price25 Permits32 Per Cap51 Afford43 Employ70 Migr98 LiqWatch— ValBalanced— DivergHigh CycleHypersupply Full metro detail →
108	Fresno, CA23420	53	NeutralNeutral	▼ 7	53	34	37	74	52	67	Watch↑	Balanced—	—	Hypersupply	›
Structural Drivers Price53 Permits34 Per Cap37 Afford74 Employ52 Migr67 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
108	Baton Rouge, LA12940	53	NeutralNeutral	▼ 4	65	85	59	29	9	70	Stable—	Balanced—	Moderate	Expansion	›
Structural Drivers Price65 Permits85 Per Cap59 Afford29 Employ9 Migr70 LiqStable— ValBalanced— DivergModerate CycleExpansion Full metro detail →
108	Janesville, WI27500	53	NeutralNeutral	▼ 20	95	5	27	64	76	49	Watch↑	Balanced—	—	Recession	›
Structural Drivers Price95 Permits5 Per Cap27 Afford64 Employ76 Migr49 LiqWatch↑ ValBalanced— CycleRecession 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	St. Cloud, MN41060	53	NeutralNeutral	▼ 1	34	37	45	49	80	73	Watch↑	Balanced—	—	Hypersupply	›
Structural Drivers Price34 Permits37 Per Cap45 Afford49 Employ80 Migr73 LiqWatch↑ ValBalanced— CycleHypersupply 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	Bakersfield, CA12540	52	NeutralNeutral	▼ 5	30	58	41	71	23	86	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price30 Permits58 Per Cap41 Afford71 Employ23 Migr86 LiqStable↓ ValBalanced— CycleRecovery 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	Mobile, AL33660	52	NeutralNeutral	▼ 16	32	5	33	69	90	81	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price32 Permits5 Per Cap33 Afford69 Employ90 Migr81 LiqStable↓ ValBalanced— CycleRecovery 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	Brownsville, TX15180	52	NeutralNeutral	▼ 4	27	59	62	88	7	70	Stable—	Balanced—	—	Expansion	›
Structural Drivers Price27 Permits59 Per Cap62 Afford88 Employ7 Migr70 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	Dayton, OH19430	52	NeutralNeutral	▼ 6	87	46	28	7	62	85	—	Balanced—	High	Expansion	›
Structural Drivers Price87 Permits46 Per Cap28 Afford7 Employ62 Migr85 ValBalanced— DivergHigh CycleExpansion Full metro detail →
120	Lake Havasu City, AZ29420	52	NeutralNeutral	▼ 9	17	12	87	99	86	14	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price17 Permits12 Per Cap87 Afford99 Employ86 Migr14 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
120	Tucson, AZ46060	52	NeutralNeutral	0	49	33	55	78	84	11	Watch↓	Compressed—	—	Recovery	›
Structural Drivers Price49 Permits33 Per Cap55 Afford78 Employ84 Migr11 LiqWatch↓ ValCompressed— CycleRecovery 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	Kennewick, WA28420	51	NeutralNeutral	▼ 1	51	46	75	26	70	37	Watch—	Balanced—	—	Hypersupply	›
Structural Drivers Price51 Permits46 Per Cap75 Afford26 Employ70 Migr37 LiqWatch— ValBalanced— CycleHypersupply 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	Athens, GA12020	51	NeutralNeutral	▼ 17	10	10	70	97	76	42	Stress↑	Balanced—	Moderate	Recession	›
Structural Drivers Price10 Permits10 Per Cap70 Afford97 Employ76 Migr42 LiqStress↑ ValBalanced— DivergModerate CycleRecession 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	Idaho Falls, ID26820	50	NeutralNeutral	▼ 10	53	2	90	70	41	45	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price53 Permits2 Per Cap90 Afford70 Employ41 Migr45 LiqStable↓ ValBalanced— DivergModerate CycleRecovery Full metro detail →
137	College Station, TX17780	50	NeutralNeutral	▼ 3	5	67	89	94	3	43	Stable↑	Balanced—	High	Expansion	›
Structural Drivers Price5 Permits67 Per Cap89 Afford94 Employ3 Migr43 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
137	Buffalo, NY15380	50	NeutralNeutral	▼ 6	92	29	5	59	25	91	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price92 Permits29 Per Cap5 Afford59 Employ25 Migr91 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
137	Corpus Christi, TX18580	50	NeutralNeutral	▼ 2	2	71	59	60	25	82	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price2 Permits71 Per Cap59 Afford60 Employ25 Migr82 LiqStable↓ ValBalanced— DivergModerate 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	Boston, MA-NH14460	50	NeutralNeutral	▼ 8	65	22	19	24	72	98	Watch↑	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price65 Permits22 Per Cap19 Afford24 Employ72 Migr98 LiqWatch↑ ValBalanced— DivergModerate CycleHypersupply Full metro detail →
137	New York, NY-NJ35620	50	NeutralNeutral	▼ 2	72	19	30	35	41	100	Stable—	Balanced—	—	Expansion	›
Structural Drivers Price72 Permits19 Per Cap30 Afford35 Employ41 Migr100 LiqStable— ValBalanced— CycleExpansion Full metro detail →
137	Trenton, NJ45940	50	NeutralNeutral	▼ 15	86	7	51	6	69	84	Stress↑	Balanced—	—	Recession	›
Structural Drivers Price86 Permits7 Per Cap51 Afford6 Employ69 Migr84 LiqStress↑ ValBalanced— CycleRecession 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	Wilmington, NC48900	50	NeutralNeutral	▼ 11	68	34	99	88	4	8	Stress↓	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price68 Permits34 Per Cap99 Afford88 Employ4 Migr8 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply 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 →
137	Davenport, IA-IL19340	50	NeutralNeutral	▼ 12	72	30	13	19	90	73	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price72 Permits30 Per Cap13 Afford19 Employ90 Migr73 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
150	Gainesville, GA23580	49	NeutralNeutral	▼ 12	44	31	80	52	62	23	Stress↓	—	—	Hypersupply	›
Structural Drivers Price44 Permits31 Per Cap80 Afford52 Employ62 Migr23 LiqStress↓ 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	St. Louis, MO-IL41180	49	NeutralNeutral	▼ 2	62	34	25	13	63	96	Stable—	Balanced—	Moderate	Expansion	›
Structural Drivers Price62 Permits34 Per Cap25 Afford13 Employ63 Migr96 LiqStable— ValBalanced— DivergModerate CycleExpansion 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	Macon, GA31420	49	NeutralNeutral	▼ 2	72	28	24	50	67	51	Stable—	Balanced—	High	Expansion	›
Structural Drivers Price72 Permits28 Per Cap24 Afford50 Employ67 Migr51 LiqStable— ValBalanced— DivergHigh CycleExpansion Full metro detail →
150	Washington, DC-VA-MD-WV47900	49	NeutralNeutral	▼ 3	42	21	34	2	98	98	Stress↓	Balanced—	—	Hypersupply	›
Structural Drivers Price42 Permits21 Per Cap34 Afford2 Employ98 Migr98 LiqStress↓ ValBalanced— CycleHypersupply 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 →
150	Midland, TX33260	49	NeutralNeutral	▼ 14	16	35	78	75	10	79	Watch↑	Balanced—	—	Hypersupply	›
Structural Drivers Price16 Permits35 Per Cap78 Afford75 Employ10 Migr79 LiqWatch↑ ValBalanced— CycleHypersupply 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	Atlanta, GA12060	48	NeutralNeutral	▼ 5	16	23	63	25	63	95	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price16 Permits23 Per Cap63 Afford25 Employ63 Migr95 LiqStable↓ ValBalanced— CycleRecovery 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	Columbus, GA-AL17980	48	NeutralNeutral	▼ 6	93	15	17	49	28	84	Stable—	Balanced—	High	Recovery	›
Structural Drivers Price93 Permits15 Per Cap17 Afford49 Employ28 Migr84 LiqStable— ValBalanced— DivergHigh CycleRecovery 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 →
158	Fayetteville, AR22220	48	NeutralNeutral	0	41	71	98	55	0	20	Stress↓	Balanced—	High	Hypersupply	›
Structural Drivers Price41 Permits71 Per Cap98 Afford55 Employ0 Migr20 LiqStress↓ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
158	Lexington Park, MD30500	48	NeutralNeutral	—	56	82	21	0	100	30	—	—	—	Expansion	›
Structural Drivers Price56 Permits82 Per Cap21 Afford0 Employ100 Migr30 CycleExpansion Full metro detail →
158	Daphne, AL19300	48	NeutralNeutral	▼ 6	33	18	96	57	67	20	Stable↓	Balanced↓	—	Recovery	›
Structural Drivers Price33 Permits18 Per Cap96 Afford57 Employ67 Migr20 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
158	Hilton Head Island, SC25940	48	NeutralNeutral	▼ 1	49	53	97	78	2	10	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price49 Permits53 Per Cap97 Afford78 Employ2 Migr10 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	Johnson City, TN27740	47	NeutralNeutral	▼ 16	59	4	54	98	22	46	Stress↓	Balanced↑	High	Hypersupply	›
Structural Drivers Price59 Permits4 Per Cap54 Afford98 Employ22 Migr46 LiqStress↓ ValBalanced↑ DivergHigh CycleHypersupply Full metro detail →
168	Niles, MI35660	47	NeutralNeutral	▼ 1	52	61	28	64	48	29	Stable↑	Balanced—	—	Expansion	›
Structural Drivers Price52 Permits61 Per Cap28 Afford64 Employ48 Migr29 LiqStable↑ ValBalanced— CycleExpansion 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	Grand Junction, CO24300	46	NeutralNeutral	▼ 5	4	13	58	92	77	31	Stress↓	Balanced—	—	Hypersupply	›
Structural Drivers Price4 Permits13 Per Cap58 Afford92 Employ77 Migr31 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
177	Kiryas Joel, NY28880	46	NeutralNeutral	—	77	43	38	17	73	25	—	—	—	Expansion	›
Structural Drivers Price77 Permits43 Per Cap38 Afford17 Employ73 Migr25 CycleExpansion 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	Jefferson City, MO27620	46	NeutralNeutral	▼ 1	99	52	9	46	7	63	Stable↑	Balanced—	High	Expansion	›
Structural Drivers Price99 Permits52 Per Cap9 Afford46 Employ7 Migr63 LiqStable↑ ValBalanced— DivergHigh CycleExpansion Full metro detail →
177	Santa Maria, CA42200	46	NeutralNeutral	▼ 9	79	47	15	77	38	23	Watch—	Balanced—	—	Hypersupply	›
Structural Drivers Price79 Permits47 Per Cap15 Afford77 Employ38 Migr23 LiqWatch— ValBalanced— 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	Spokane, WA44060	46	NeutralNeutral	▼ 8	23	16	60	67	92	17	Watch—	Balanced—	—	Hypersupply	›
Structural Drivers Price23 Permits16 Per Cap60 Afford67 Employ92 Migr17 LiqWatch— ValBalanced— CycleHypersupply Full metro detail →
177	El Centro, CA20940	46	NeutralNeutral	▼ 10	95	2	4	94	11	72	Watch↓	Balanced↑	—	Recovery	›
Structural Drivers Price95 Permits2 Per Cap4 Afford94 Employ11 Migr72 LiqWatch↓ 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	Binghamton, NY13780	46	NeutralNeutral	▼ 11	97	17	10	54	23	72	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price97 Permits17 Per Cap10 Afford54 Employ23 Migr72 LiqStable↓ ValBalanced— CycleRecovery 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	Kahului, HI27980	46	NeutralNeutral	▼ 12	92	44	57	51	2	27	Watch—	Compressed—	—	Recession	›
Structural Drivers Price92 Permits44 Per Cap57 Afford51 Employ2 Migr27 LiqWatch— ValCompressed— CycleRecession Full metro detail →
177	Philadelphia, PA-NJ-DE-MD37980	46	NeutralNeutral	▼ 4	69	50	23	19	16	97	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price69 Permits50 Per Cap23 Afford19 Employ16 Migr97 LiqStable↓ ValBalanced— DivergModerate 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	Chicago, IL-IN16980	45	NeutralNeutral	▼ 9	80	41	15	1	36	99	Stable—	Balanced—	High	Expansion	›
Structural Drivers Price80 Permits41 Per Cap15 Afford1 Employ36 Migr99 LiqStable— ValBalanced— DivergHigh CycleExpansion Full metro detail →
194	Las Vegas, NV29820	45	NeutralNeutral	▼ 1	2	56	69	52	89	1	Stress↓	Balanced↓	—	Hypersupply	›
Structural Drivers Price2 Permits56 Per Cap69 Afford52 Employ89 Migr1 LiqStress↓ ValBalanced↓ CycleHypersupply Full metro detail →
194	Ocala, FL36100	45	NeutralNeutral	▼ 9	10	25	98	95	31	9	Stress↓	Balanced—	—	Hypersupply	›
Structural Drivers Price10 Permits25 Per Cap98 Afford95 Employ31 Migr9 LiqStress↓ ValBalanced— CycleHypersupply Full metro detail →
194	Fort Wayne, IN23060	45	NeutralNeutral	▼ 1	67	10	42	38	50	61	Stable↓	Balanced—	Moderate	Recovery	›
Structural Drivers Price67 Permits10 Per Cap42 Afford38 Employ50 Migr61 LiqStable↓ ValBalanced— DivergModerate CycleRecovery 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 →
194	Hanford, CA25260	45	NeutralNeutral	▼ 10	18	3	40	45	93	69	Stable↓	Balanced↓	—	Recovery	›
Structural Drivers Price18 Permits3 Per Cap40 Afford45 Employ93 Migr69 LiqStable↓ ValBalanced↓ CycleRecovery Full metro detail →
194	Odessa, TX36220	45	NeutralNeutral	▼ 8	6	38	67	66	8	83	Stress↑	Balanced—	—	Recession	›
Structural Drivers Price6 Permits38 Per Cap67 Afford66 Employ8 Migr83 LiqStress↑ ValBalanced— CycleRecession Full metro detail →
194	Yuma, AZ49740	45	NeutralNeutral	▼ 12	43	19	63	69	41	35	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price43 Permits19 Per Cap63 Afford69 Employ41 Migr35 LiqStable↓ ValBalanced— CycleRecovery Full metro detail →
203	Vineland, NJ47220	44	NeutralNeutral	▼ 11	71	50	9	66	13	58	Stable↑	Balanced—	—	Expansion	›
Structural Drivers Price71 Permits50 Per Cap9 Afford66 Employ13 Migr58 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
203	Green Bay, WI24580	44	NeutralNeutral	▼ 17	90	17	54	28	12	61	Stress↑	Balanced↓	High	Recession	›
Structural Drivers Price90 Permits17 Per Cap54 Afford28 Employ12 Migr61 LiqStress↑ ValBalanced↓ DivergHigh CycleRecession 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	Warner Robins, GA47580	44	NeutralNeutral	▼ 11	28	12	74	8	95	46	Stress↑	Balanced↓	—	Recession	›
Structural Drivers Price28 Permits12 Per Cap74 Afford8 Employ95 Migr46 LiqStress↑ ValBalanced↓ CycleRecession Full metro detail →
203	Naples, FL34940	44	NeutralNeutral	▼ 4	0	14	78	88	81	1	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price0 Permits14 Per Cap78 Afford88 Employ81 Migr1 LiqStable↓ ValBalanced— CycleRecovery 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	Port St. Lucie, FL38940	44	NeutralNeutral	▼ 3	7	29	91	90	40	5	Stable↓	Balanced↑	—	Recovery	›
Structural Drivers Price7 Permits29 Per Cap91 Afford90 Employ40 Migr5 LiqStable↓ ValBalanced↑ CycleRecovery Full metro detail →
203	Reno, NV39900	44	NeutralNeutral	▼ 9	50	9	66	42	80	17	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price50 Permits9 Per Cap66 Afford42 Employ80 Migr17 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
203	Amarillo, TX11100	44	NeutralNeutral	▼ 9	44	55	57	33	20	56	Stable↓	Balanced↓	Moderate	Recovery	›
Structural Drivers Price44 Permits55 Per Cap57 Afford33 Employ20 Migr56 LiqStable↓ ValBalanced↓ DivergModerate CycleRecovery Full metro detail →
203	Allentown, PA-NJ10900	44	NeutralNeutral	▼ 1	85	86	35	16	20	23	Stable↓	Balanced—	High	Expansion	›
Structural Drivers Price85 Permits86 Per Cap35 Afford16 Employ20 Migr23 LiqStable↓ ValBalanced— DivergHigh CycleExpansion Full metro detail →
203	Jackson, TN27180	44	NeutralNeutral	0	11	38	26	49	83	60	Watch↑	Balanced↑	Moderate	Hypersupply	›
Structural Drivers Price11 Permits38 Per Cap26 Afford49 Employ83 Migr60 LiqWatch↑ ValBalanced↑ DivergModerate CycleHypersupply 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	Charleston, SC16700	43	NeutralNeutral	▼ 4	22	31	89	99	10	5	Watch↓	Balanced↓	Moderate	Recovery	›
Structural Drivers Price22 Permits31 Per Cap89 Afford99 Employ10 Migr5 LiqWatch↓ 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 →
217	Roanoke, VA40220	43	NeutralNeutral	▼ 21	35	1	18	48	80	74	Stress↓	Balanced—	High	Recession	›
Structural Drivers Price35 Permits1 Per Cap18 Afford48 Employ80 Migr74 LiqStress↓ ValBalanced— DivergHigh CycleRecession Full metro detail →
217	Erie, PA21500	43	NeutralNeutral	▼ 11	99	8	3	45	35	67	Watch↑	Balanced—	—	Hypersupply	›
Structural Drivers Price99 Permits8 Per Cap3 Afford45 Employ35 Migr67 LiqWatch↑ ValBalanced— CycleHypersupply Full metro detail →
217	Chattanooga, TN-GA16860	43	NeutralNeutral	▼ 15	39	24	63	82	33	19	Watch↑	Balanced↓	Moderate	Hypersupply	›
Structural Drivers Price39 Permits24 Per Cap63 Afford82 Employ33 Migr19 LiqWatch↑ ValBalanced↓ DivergModerate CycleHypersupply Full metro detail →
222	Columbia, MO17860	42	NeutralNeutral	▼ 19	37	2	49	16	83	63	Stable↓	Balanced↓	High	Recovery	›
Structural Drivers Price37 Permits2 Per Cap49 Afford16 Employ83 Migr63 LiqStable↓ ValBalanced↓ DivergHigh CycleRecovery 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	Albany, NY10580	42	NeutralNeutral	▼ 10	64	24	27	15	26	93	Stable↓	—	High	Recovery	›
Structural Drivers Price64 Permits24 Per Cap27 Afford15 Employ26 Migr93 LiqStable↓ DivergHigh CycleRecovery Full metro detail →
222	Phoenix, AZ38060	42	NeutralNeutral	▼ 4	21	33	84	87	24	2	Watch↓	Balanced—	—	Recovery	›
Structural Drivers Price21 Permits33 Per Cap84 Afford87 Employ24 Migr2 LiqWatch↓ ValBalanced— CycleRecovery Full metro detail →
222	Huntington, WV-KY-OH26580	42	NeutralNeutral	▼ 1	43	96	7	31	27	51	Stable—	Balanced↑	Moderate	Recovery	›
Structural Drivers Price43 Permits96 Per Cap7 Afford31 Employ27 Migr51 LiqStable— ValBalanced↑ DivergModerate CycleRecovery Full metro detail →
222	Pueblo, CO39380	42	NeutralNeutral	▼ 3	7	23	8	90	84	41	Stress↓	Balanced—	—	Hypersupply	›
Structural Drivers Price7 Permits23 Per Cap8 Afford90 Employ84 Migr41 LiqStress↓ ValBalanced— CycleHypersupply 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	Monroe, LA33740	42	NeutralNeutral	▼ 1	17	76	22	62	10	65	Stable↓	Balanced—	High	Recovery	›
Structural Drivers Price17 Permits76 Per Cap22 Afford62 Employ10 Migr65 LiqStable↓ ValBalanced— DivergHigh CycleRecovery Full metro detail →
222	Barnstable Town, MA12700	42	NeutralNeutral	▼ 9	38	9	37	96	58	16	Stable↓	Balanced—	—	Recovery	›
Structural Drivers Price38 Permits9 Per Cap37 Afford96 Employ58 Migr16 LiqStable↓ ValBalanced— CycleRecovery 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	Rapid City, SD39660	41	NeutralNeutral	▼ 13	39	3	72	94	6	31	Stress↓	Balanced—	Moderate	Hypersupply	›
Structural Drivers Price39 Permits3 Per Cap72 Afford94 Employ6 Migr31 LiqStress↓ ValBalanced— DivergModerate CycleHypersupply 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 →
234	Hartford, CT25540	41	NeutralNeutral	▼ 4	85	8	6	3	52	92	Stable↑	Balanced—	—	Expansion	›
Structural Drivers Price85 Permits8 Per Cap6 Afford3 Employ52 Migr92 LiqStable↑ ValBalanced— CycleExpansion Full metro detail →
234	Greensboro, NC24660	41	NeutralNeutral	▼ 12	36	16	59	44	39	53	Stress↓	Balanced—	High	Hypersupply	›
Structural Drivers Price36 Permits16 Per Cap59 Afford44 Employ39 Migr53 LiqStress↓ ValBalanced— DivergHigh CycleHypersupply Full metro detail →
234	Winston, NC49180	41	NeutralNeutral	▼ 5	37	26	76	56	20	29	Stress—	Balanced—	High	Hypersupply	›
Structural Drivers Price37 Permits26 Per Cap76 Afford56 Employ20 Migr29 LiqStress— ValBalanced— DivergHigh CycleHypersupply Full metro detail →
234	Burlington, NC15500	41	NeutralNeutral	▼ 5	26	18	94	45	25	37	Stress↑	Balanced↓	—	Recession	›
Structural Drivers Price26 Permits18 Per Cap94 Afford45 Employ25 Migr37 LiqStress↑ ValBalanced↓ CycleRecession Full metro detail →

199 of 287 metros shown