These 30 cities could be on the verge of a COVID-19-driven housing crisis

Already at-risk housing markets will likely struggle amid the coronavirus pandemic. So could those where jobs are vulnerable to the economic slowdown. 24/7 Wall St. used data from ATTOM Data Solutions, a real estate analytics company, to create an index identifying cities on the verge of a COVID-19-driven housing crisis. 

30. Akron, OH
• Chg. in median home sale price, Q1 2010 to Q1 2020: +36.9% ($92,738 to $126,950)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.2% to 5.3%
• Ratio of median home value to household income: 2.6x
• Pct. employment in industries at high risk from COVID-19: 12.8%
• COVID-19 cases as of May 12, 2020: 171.1 per 100,000

29. Sacramento–Roseville–Arden-Arcade, CA
• Chg. in median home sale price, Q1 2010 to Q1 2020: +102.6% ($195,000 to $395,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.8% to 4.5%
• Ratio of median home value to household income: 5.7x
• Pct. employment in industries at high risk from COVID-19: 15.8%
• COVID-19 cases as of May 12, 2020: 69.2 per 100,000

28. Phoenix-Mesa-Scottsdale, AZ
• Chg. in median home sale price, Q1 2010 to Q1 2020: +125.2% ($127,900 to $288,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.3% to 4.8%
• Ratio of median home value to household income: 4.1x
• Pct. employment in industries at high risk from COVID-19: 19.3%
• COVID-19 cases as of May 12, 2020: 146.7 per 100,000

27. Allentown-Bethlehem-Easton, PA-NJ
• Chg. in median home sale price, Q1 2010 to Q1 2020: +5.9% ($170,000 to $179,950)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.2% to 5.8%
• Ratio of median home value to household income: 3.3x
• Pct. employment in industries at high risk from COVID-19: 21.3%
• COVID-19 cases as of May 12, 2020: 844 per 100,000

26. Deltona-Daytona Beach-Ormond Beach, FL
• Chg. in median home sale price, Q1 2010 to Q1 2020: +87.2% ($107,900 to $202,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.7% to 5%
• Ratio of median home value to household income: 3.9x
• Pct. employment in industries at high risk from COVID-19: 17.9%
• COVID-19 cases as of May 12, 2020: 110.9 per 100,000

25. Jacksonville, FL
• Chg. in median home sale price, Q1 2010 to Q1 2020: +74.9% ($120,050 to $210,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.4% to 4.4%
• Ratio of median home value to household income: 3.6x
• Pct. employment in industries at high risk from COVID-19: 19.9%
• COVID-19 cases as of May 12, 2020: 121.9 per 100,000

24. San Diego-Carlsbad, CA
• Chg. in median home sale price, Q1 2010 to Q1 2020: +84.1% ($315,000 to $580,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.4% to 4%
• Ratio of median home value to household income: 7.7x
• Pct. employment in industries at high risk from COVID-19: 17.8%
• COVID-19 cases as of May 12, 2020: 158.2 per 100,000

23. Atlanta-Sandy Springs-Roswell, GA
• Chg. in median home sale price, Q1 2010 to Q1 2020: +94.7% ($113,000 to $220,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.6% to 4.1%
• Ratio of median home value to household income: 3.4x
• Pct. employment in industries at high risk from COVID-19: 20.8%
• COVID-19 cases as of May 12, 2020: 296.6 per 100,000

22. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Chg. in median home sale price, Q1 2010 to Q1 2020: +11.1% ($180,000 to $200,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.9% to 5.2%
• Ratio of median home value to household income: 3.6x
• Pct. employment in industries at high risk from COVID-19: 13.2%
• COVID-19 cases as of May 12, 2020: 803.7 per 100,000

21. Memphis, TN-MS-AR
• Chg. in median home sale price, Q1 2010 to Q1 2020: +68.7% ($85,934 to $145,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.2% to 4.2%
• Ratio of median home value to household income: 3.1x
• Pct. employment in industries at high risk from COVID-19: 27%
• COVID-19 cases as of May 12, 2020: 345.1 per 100,000

20. New Haven-Milford, CT
• Chg. in median home sale price, Q1 2010 to Q1 2020: +3.2% ($189,000 to $195,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.6% to 3.6%
• Ratio of median home value to household income: 3.7x
• Pct. employment in industries at high risk from COVID-19: 13.9%
• COVID-19 cases as of May 12, 2020: 1,097.4 per 100,000

19. Chicago-Naperville-Elgin, IL-IN-WI
• Chg. in median home sale price, Q1 2010 to Q1 2020: +36.8% ($161,500 to $221,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.1% to 4.8%
• Ratio of median home value to household income: 3.5x
• Pct. employment in industries at high risk from COVID-19: 15.7%
• COVID-19 cases as of May 12, 2020: 489.7 per 100,000

18. Providence-Warwick, RI-MA
• Chg. in median home sale price, Q1 2010 to Q1 2020: +35.8% ($199,900 to $271,500)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.6% to 4.8%
• Ratio of median home value to household income: 4.4x
• Pct. employment in industries at high risk from COVID-19: 14.2%
• COVID-19 cases as of May 12, 2020: 962 per 100,000

17. San Francisco-Oakland-Hayward, CA
• Chg. in median home sale price, Q1 2010 to Q1 2020: +115.8% ($380,000 to $820,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 2.8% to 3.3%
• Ratio of median home value to household income: 8.4x
• Pct. employment in industries at high risk from COVID-19: 16.7%
• COVID-19 cases as of May 12, 2020: 149.1 per 100,000

16. Denver-Aurora-Lakewood, CO
• Chg. in median home sale price, Q1 2010 to Q1 2020: +110.9% ($192,000 to $405,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 2.8% to 4.3%
• Ratio of median home value to household income: 5.3x
• Pct. employment in industries at high risk from COVID-19: 18.2%
• COVID-19 cases as of May 12, 2020: 436.4 per 100,000

15. Bridgeport-Stamford-Norwalk, CT
• Chg. in median home sale price, Q1 2010 to Q1 2020: -0.9% ($372,500 to $369,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.7% to 3.8%
• Ratio of median home value to household income: 4.8x
• Pct. employment in industries at high risk from COVID-19: 14.2%
• COVID-19 cases as of May 12, 2020: 1,428.3 per 100,000

14. Baton Rouge, LA
• Chg. in median home sale price, Q1 2010 to Q1 2020: +24.1% ($145,000 to $180,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 4% to 5.8%
• Ratio of median home value to household income: 3.3x
• Pct. employment in industries at high risk from COVID-19: 14.5%
• COVID-19 cases as of May 12, 2020: 561.9 per 100,000

13. Lakeland-Winter Haven, FL
• Chg. in median home sale price, Q1 2010 to Q1 2020: +114.4% ($90,000 to $193,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 4% to 5.1%
• Ratio of median home value to household income: 3.1x
• Pct. employment in industries at high risk from COVID-19: 20.5%
• COVID-19 cases as of May 12, 2020: 100.9 per 100,000

12. Fresno, CA
• Chg. in median home sale price, Q1 2010 to Q1 2020: +81.5% ($146,000 to $265,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 7.5% to 9.3%
• Ratio of median home value to household income: 5.2x
• Pct. employment in industries at high risk from COVID-19: 13.5%
• COVID-19 cases as of May 12, 2020: 100.6 per 100,000

11. Detroit-Warren-Dearborn, MI
• Chg. in median home sale price, Q1 2010 to Q1 2020: +158.3% ($60,000 to $155,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.5% to 4.9%
• Ratio of median home value to household income: 3x
• Pct. employment in industries at high risk from COVID-19: 12.8%
• COVID-19 cases as of May 12, 2020: 536.8 per 100,000

10. New York-Newark-Jersey City, NY-NJ-PA
• Chg. in median home sale price, Q1 2010 to Q1 2020: +20.6% ($340,000 to $410,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.8% to 3.6%
• Ratio of median home value to household income: 5.8x
• Pct. employment in industries at high risk from COVID-19: 12.3%
• COVID-19 cases as of May 12, 2020: 2,207 per 100,000

9. Cleveland-Elyria, OH
• Chg. in median home sale price, Q1 2010 to Q1 2020: +40.1% ($96,000 to $134,450)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.1% to 7%
• Ratio of median home value to household income: 2.8x
• Pct. employment in industries at high risk from COVID-19: 13.3%
• COVID-19 cases as of May 12, 2020: 197.4 per 100,000

8. Cape Coral-Fort Myers, FL
• Chg. in median home sale price, Q1 2010 to Q1 2020: +176.8% ($84,900 to $235,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.4% to 4.3%
• Ratio of median home value to household income: 4.2x
• Pct. employment in industries at high risk from COVID-19: 18.9%
• COVID-19 cases as of May 12, 2020: 183.1 per 100,000

7. Riverside-San Bernardino-Ontario, CA
• Chg. in median home sale price, Q1 2010 to Q1 2020: +120.6% ($170,000 to $375,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.2% to 5%
• Ratio of median home value to household income: 5.5x
• Pct. employment in industries at high risk from COVID-19: 22.8%
• COVID-19 cases as of May 12, 2020: 184.3 per 100,000

6. Orlando-Kissimmee-Sanford, FL
• Chg. in median home sale price, Q1 2010 to Q1 2020: +139% ($102,500 to $245,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.2% to 4.2%
• Ratio of median home value to household income: 4.1x
• Pct. employment in industries at high risk from COVID-19: 28.1%
• COVID-19 cases as of May 12, 2020: 113.5 per 100,000

5. Miami-Fort Lauderdale-West Palm Beach, FL
• Chg. in median home sale price, Q1 2010 to Q1 2020: +120.6% ($125,050 to $275,900)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.1% to 4.1%
• Ratio of median home value to household income: 5.3x
• Pct. employment in industries at high risk from COVID-19: 19.6%
• COVID-19 cases as of May 12, 2020: 402.7 per 100,000

4. Los Angeles-Long Beach-Anaheim, CA
• Chg. in median home sale price, Q1 2010 to Q1 2020: +87.7% ($350,000 to $657,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.2% to 5.7%
• Ratio of median home value to household income: 9x
• Pct. employment in industries at high risk from COVID-19: 19%
• COVID-19 cases as of May 12, 2020: 278.1 per 100,000

3. Bakersfield, CA
• Chg. in median home sale price, Q1 2010 to Q1 2020: +95.7% ($116,500 to $228,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 7.9% to 10.2%
• Ratio of median home value to household income: 4.4x
• Pct. employment in industries at high risk from COVID-19: 16%
• COVID-19 cases as of May 12, 2020: 150.7 per 100,000

2. New Orleans-Metairie, LA
• Chg. in median home sale price, Q1 2010 to Q1 2020: +43.8% ($142,584 to $205,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.2% to 6%
• Ratio of median home value to household income: 4.1x
• Pct. employment in industries at high risk from COVID-19: 22.2%
• COVID-19 cases as of May 12, 2020: 1,372.7 per 100,000

1. Las Vegas-Henderson-Paradise, NV
• Chg. in median home sale price, Q1 2010 to Q1 2020: +135.8% ($120,000 to $283,000)
• Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.2% to 6.8%
• Ratio of median home value to household income: 5x
• Pct. employment in industries at high risk from COVID-19: 35.4%
• COVID-19 cases as of May 12, 2020: 227.4 per 100,000

Source: https://www.usatoday.com/picture-gallery/money/2020/05/20/cities-on-the-verge-of-a-covid-driven-housing-crisis/111782990/

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