10 US Cities Least At Risk Of A Housing Downturn In A Coronavirus-led Recession

Gene Naumovsky

A new Redfin report analyzed financial factors to determine overall risk scores for metro areas.

Business Insider reports, according to a recent analysis by Redfin, that amidst the COVID-19 pandemic a housing market fallout would be mild. Redfin reported that moving into 2020, the US housing market was standing strong.

Redfin used 13 factors to calculate an overall risk score for metro areas, pointing to which markets will be the least vulnerable during the novel coronavirus. Business Insider mentioned more weighted factors to be “the number of people employed in the leisure and hospitality industry, the number of people employed in the air transportation industry, the median debt-to-income ratio, and the number of coronavirus cases per 1 million people as of March 24.”

Below are Redfin's 10 US cities least at risk of a housing downturn:

10. Indianapolis

Recession risk score: 46.2%

Median home value: $150,878

Population: 857,637

9. Milwaukee

Recession risk score: 44%

Median home value: $133,115

Population: 596,886

8. Pittsburgh

Recession risk score: 43.9%

Median home value: $164,317

Population: 303,587

7. Richmond, Virginia

Recession risk score: 43.2%

Median home value: $240,128

Population: 223,787

6. Columbus, Ohio

Recession risk score: 42.9%

Median home value: $171,611

Population: 867,628

5. Kansas City, Missouri

Recession risk score: 39%

Median home value: $160,180

Population: 481,417

4. Buffalo, New York

Recession risk score: 37.6%

Median home value: $104,871

Population: 257,518

3. Raleigh, North Carolina

Recession risk score: 36.9%

Median home value: $287,647

Population: 457,159

2. Hartford, Connecticut

Recession risk score: 29.5%

Median home value: $115,128

Population: 123,628

1. Rochester, New York

Recession risk score: 28.5%

Median home value: $82,000

Population: 207,778

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Economics, Finance and Investing

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