U.S. Real Estate Markets
Rates, supply, and housing data across all 100 published U.S. metros. Sourced from FRED, FHFA, Census, BLS, HUD, and IRS.
INTERACTIVE MAP
Explore by state
Yield, by state — gross cap rate proxy
United States
Stats
The read
30-year mortgage rates are at 6.37%.
Unemployment runs at 4.3%; the median state cap-rate proxy is 4.3%, a useful baseline when scanning the map.
▸ Why it matters
Click any state to drill into its full read — peer benchmarks, top metros, and the methodology behind every number.
FRESH NEWS BRIEFS
View all news →
California Finds 398 State-Law Violations in State Farm Wildfire Claim Audit
California's Insurance Commissioner alleges 398 violations across 114 of 220 sampled State Farm Pacific Palisades fire claims. State Farm rejects the findings.
30-Year Treasury Crosses 5% as Gulf Tensions Reheat the Bond Market
Consumer Sentiment at 47.6 — A Near-Record Low Tests Housing's Resilience
SFR Rents Outrun Multifamily by Record 26.7% Gap
Median Mortgage Payment Hits $2,131 — Iran War Snaps 7-Month Affordability Streak
Smith Douglas Margin Falls to 19.6% as Builder Pivots to ARM Buydowns
MACRO DASHBOARD
Current values
MORTGAGE SPREAD
30yr mortgage − 10Y Treasury
1.91 pp
6.37% − 4.46%
Elevated · hist. ~1.7pp
FRED · MORTGAGE30US May 7, 2026 · DGS10 May 12, 2026
INFLATION · CPI YoY
All Urban Consumers
3.7%
Above 2% Fed target
FRED · CPIAUCSL · Apr 1, 2026
RENT INFLATION · CPI YoY
Rent of Primary Residence
2.6%
Accelerating from 2.2% prior month
FRED · CUSR0000SEHA · Apr 1, 2026
MONTHS OF SUPPLY
New homes inventory
8.5 mo
Buyer's market · >6 mo
FRED · MSACSR · Mar 1, 2026
5-year range
30yr Mortgage
6.37
Housing Starts
1502.00
Unemployment
4.30
Case-Shiller HPI
327.31
Fed Funds
3.64
MORTGAGE DISTRESS · QUARTERLY
Where GSE loan stress is building
Top 5 most distressed states, ranked by a composite of serious delinquency, entrenched stress, forbearance, and REO share.
- #1Louisiana30.0elevated distress
- #2West Virginia29.1moderate distress
- #3District of Columbia28.8moderate distress
- #4Mississippi25.6moderate distress
- #5Alabama18.4moderate distress
METRO EXPLORER
Top-performing metros across 6 investor lenses
Hot investment metros
Scored by composite percentile rank across all 6 investor lenses · pop > 200K
| # | Metro | Population | Region | 5yr price growth |
|---|---|---|---|---|
| 1 | Atlantic City-Hammonton, NJ | 0.4M | Northeast | 84.4% |
| 2 | Knoxville, TN | 0.9M | South | 77.4% |
| 3 | Johnson City, TN | 0.2M | South | 75.6% |
| 4 | Sebring-Avon Park, FL | 0.1M | South | 74.3% |
| 5 | Lewiston-Auburn, ME | 0.1M | Northeast | 73.9% |
| 6 | Kingsport-Bristol, TN-VA | 0.3M | South | 73.7% |
| 7 | Jackson, TN | 0.2M | South | 73.0% |
| 8 | Savannah, GA | 0.4M | South | 72.8% |
| 9 | Brunswick, GA | 0.1M | South | 72.5% |
| 10 | Fayetteville-Springdale-Rogers, AR | 0.6M | South | 71.7% |
STATE EXPLORER
All 50 states + DC ranked by investor metrics
| # | State | Metros | Region | median home value |
|---|---|---|---|---|
| 1 | Alabama | 12 | South | $214,407 |
| 2 | Alaska | 2 | West | $344,161 |
| 3 | Arizona | 7 | West | $369,667 |
| 4 | Arkansas | 6 | South | $210,842 |
| 5 | California | 26 | West | $759,363 |
| 6 | Colorado | 7 | West | $531,018 |
| 7 | Connecticut | 5 | Northeast | $370,658 |
| 8 | Delaware | 1 | South | $290,600 |
| 9 | District of Columbia | 1 | South | $553,000 |
| 10 | Florida | 23 | South | $336,960 |
DATA SOURCES
Every value on this page traces to a named government source. The table below shows the latest period and refresh date for each upstream data source — sources flagged as overdue have not been refreshed within their expected cadence window.
| Source | Latest period | Last refresh |
|---|---|---|
| FHFA · House Price Index | Q4 2025 | Apr 6, 2026 |
| Census · Building Permits Survey | Mar 2026 | Apr 6, 2026 |
| IRS · SOI Migration | 2022 | Apr 9, 2026 |
| BLS · LAUS / CES | Jan 2026 | Apr 9, 2026 |
| HUD · Fair Market Rents | 2026 | Apr 17, 2026 |
| Census · ACS 5-Year | 2023 | Apr 10, 2026 |
| FRED · Federal Reserve | Apr 16, 2026 | Apr 17, 2026 |
Last refreshed May 14, 2026, 10:32 AM EDT
The Home Price Index (HPI) is a statistical measure that tracks how residential property prices change over time in a given market. It uses repeat-sales methodology — comparing the same homes at different points in time — to isolate price movement from changes in the mix of homes sold.
Read definition →Cap rate measures a property's annual net operating income as a percentage of its purchase price or current market value, assuming an all-cash purchase.
Read definition →Price-to-income ratio is median-home-price divided by median-household-income—a measure of housing affordability.
Read definition →Fair Market Rent (FMR) is HUD's annual estimate of what a household must pay for gross rent — rent plus tenant-paid utilities — on a privately-owned, decent, safe unit in a specific market area. FMRs are published each fall at huduser.gov and set the ceiling for Section 8 Housing Choice Voucher payment calculations.
Read definition →An MSA (Metropolitan Statistical Area) is a geographic region defined by the U.S. Office of Management and Budget (OMB) based on a core urban area with a population of at least 50,000, plus the surrounding counties economically tied to it — measured primarily through commuting patterns.
Read definition →A building permit is a government authorization to construct a new residential or commercial structure, and the monthly count of permits issued across the U.S. functions as a leading economic indicator that signals where housing supply is heading months before any new unit is completed.
Read definition →