Institutional Stress v2 by ZIP: Demographics, HPI, FHA, Refinance and Demand (2026)
The institutional v2 composite is the credit-market read on a dossier: five ZIP-level stresses, demographic, house-price, FHA delinquency, refinance and mortgage demand, combined into one 0-100 score with a coverage mask that names which inputs the ZIP has. Beside it sits the national index built from Freddie Mac and Fannie Mae readings and the auction score. This report gives the component averages, the national index and the highest-stress ZIPs.
- 33,797 ZIPs carry the institutional v2 composite; the average is 37.0 and 9 ZIPs score 70 or higher.
- Component averages: demographic 34.6, HPI 25.4, FHA 49.1, refinance 26.3, demand 52.2.
- The national institutional index reads 33.2 as of 2026-08-01 (GSE 33.6, Freddie 41.8, Fannie 25.5, auction 0.0).
- 57574 in Bennett County, SD scores highest on the institutional-v2 composite at 82.0.
institutional-v2: the institutional v2 composite figures as of 2026-10-20; source DLRadar's ZIP institutional-stress table and the monthly GSE stress index.
| ZIP (county, state) | Composite | FHA stress | Refinance stress | Demand stress |
|---|---|---|---|---|
| 57574 (Bennett, SD) | 82.0 | 0.0 | 70.0 | 96.0 |
| 57714 (Bennett, SD) | 78.0 | 0.0 | 70.0 | 96.0 |
| 30250 (Clayton, GA) | 75.0 | 100.0 | 40.0 | 65.0 |
| 79223 (Cottle, TX) | 73.0 | 0.0 | 70.0 | 87.0 |
| 40816 (Leslie, KY) | 71.0 | 0.0 | 60.0 | 67.0 |
| 40979 (Leslie, KY) | 71.0 | 0.0 | 60.0 | 67.0 |
| 57750 (Jackson, SD) | 70.0 | 0.0 | 55.0 | 83.0 |
| 40808 (Leslie, KY) | 70.0 | 0.0 | 60.0 | 67.0 |
| 35469 (Greene, AL) | 70.0 | 97.0 | 52.0 | 69.0 |
| 19902 (Kent, DE) | 69.0 | 97.0 | 29.0 | 53.0 |
ZIPs by institutional stress v2 composite (institutional-v2, as of 2026-10-20)
The highest institutional-v2 ZIPs
57574 in Bennett County, SD: composite 82.0, FHA 0.0, refinance 70.0, demand 96.0; 57714 in Bennett County, SD: composite 78.0, FHA 0.0, refinance 70.0, demand 96.0; 30250 in Clayton County, GA: composite 75.0, FHA 100.0, refinance 40.0, demand 65.0; 79223 in Cottle County, TX: composite 73.0, FHA 0.0, refinance 70.0, demand 87.0; 40816 in Leslie County, KY: composite 71.0, FHA 0.0, refinance 60.0, demand 67.0; 40979 in Leslie County, KY: composite 71.0, FHA 0.0, refinance 60.0, demand 67.0.
What institutional-v2 measures
Composite institutional stress, demographic stress, population stress, HPI stress v2, FHA and mortgage delinquency stress, refinance stress, mortgage demand stress, STR investor exposure where present, and the coverage mask listing the inputs found.
How institutional-v2 is computed
Each component is its own ZIP table scaled 0-100; the composite averages the components present, and the mask records which were. The national index is monthly from GSE disclosures and the government-sale feed; it is shown for context, not mixed into the ZIP score.
How to use institutional-v2 on a deal
A high composite driven by FHA delinquency and refinance stress is a ZIP where owners cannot refinance out of trouble, the clearest path to distressed sales; one driven by demand contraction is a ZIP where buyers are leaving, which lengthens the exit. Read the mask: a composite on two inputs is thin.
Read institutional-v2 on your ZIPs
The bank-stress pages carry the lender side by state; the live board shows the composite on every parcel.
Institutional-v2 refreshes with its source table.
Institutional Stress v2 by ZIP: Demographics, HPI, FHA, Refinance and Demand (2026): questions
What is the coverage mask?
A code listing which of the five inputs the ZIP has; the card prints it as has: demo, hpi, fha, refi, demand.
Is the GSE index per ZIP?
No. It is a single national monthly index shown for context.
Where does STR exposure come in?
It is a sixth component where short-term-rental data exists for the ZIP; it has its own report.
More on the institutional v2 composite
Institutional Stress v2 by ZIP: Demographics, HPI, FHA, Refinance and Demand (2026) (institutional-v2) is computed from DLRadar's ZIP institutional-stress table and the monthly GSE stress index; the institutional v2 composite is research (institutional-v2), not legal advice; nothing on the institutional-v2 page is tax or institutional-v2 investment advice, so verify every institutional-v2 figure with its issuing agency before acting.