Housing Market Scorecard – Adkins Capital Management

Adkins Capital Management LLC

ACM 60-City Housing Market Scorecard

Adkins Valuation Methodology · Live FRED Data · 60 Markets

● LIVE DATA

Updated: April 5, 2026 1:20 AM

ZHVI Data As Of: February 2026

Source: Zillow ZHVI & Freddie Mac via FRED

Methodology By

Troy Morris Adkins

Live 30-Yr Rate6.46%

Affordability Threshold28%of gross income

Loan Term30-Yr Fixed

Rate updates automatically from Freddie Mac via FRED · All calculations recalibrate in real time

ACM Rating:Underpriced (≤22%)Fair Value (22–28%)Overpriced (28–38%)Severely Overpriced (>38%)

Showing 60 of 60 cities · Click any column header to sort

City	Median Income	State ZHVIZillow via FRED	MoM %	YoY %	Justified RateRate that makes ZHVI affordable	Income Used% of gross income @ live rate	ACM Rating

Adkins Valuation Methodology — Justified Rate: The 30-year fixed mortgage rate at which the current home price is exactly justified by local median household income at the 28% threshold. If the Justified Rate exceeds the live market rate (6.46%), the city is underpriced relative to income. If below, households must spend more than 28% of income to carry the mortgage. Income Used: The actual percentage of gross monthly household income consumed by a 30-year fixed mortgage payment at the current live rate. Values above 28% indicate homes are priced beyond the justified affordability threshold.