You can get more granular, down to the city or zip code level on Hometown Locator https://www.hometownlocator.com, which uses Census Bureau stats.Once you identify areas with strong growth within growing MSAs, look for anchors like government or big universities that are never going anywhere and are immune to fluctuations in the economy.You should also look for the strongest school districts.  

By the second or third kid the pacifier falls on the floor, you pop it back in her mouth and say, "Its good for her immune system!"

.- Subsidized deals are king right now, nothing like having tenants that don't have jobs to lose, so HAP contracts or Section 8 voucher transactions or anything like that are largely immune to the current sturm und drang.In terms of actual horror stories:- Big sponsor with lots of workforce housing that included many undocumented immigrants who can't collect unemployment, most of whom work retail or domestic services and none of whom are working now. 

Those originally from rougher areas are more immune to their environment and most likely have a keen insight in what to expect with their tenants; and how to choose and handle them.

Even the most affluent areas of Jacksonville have crime, the entire city is not immune to it.

@Kenny BerriosHi Kenny,Different areas experience recession at different times.New York City may be at a different time than California, and Texas may be at another time yet.Some areas are for all intents and purposes "always in a recession" they never recovered from the 1980's when many jobs were sold off overseas to allow middlemen importers to make killing vs keep america working.Some areas are more immune than others due to large segments of their populations income and housing coming from the taxpayers.

It is true that commercial is valued off of NOI but not true IMO that it is immune to business/economic/real estate cycles (though it may be on a slightly different cycle than residential).

This idea comes with the knew "defund the police" and a lot of states moving to get rid of qualified immunity officers will be much less hands-on leading to more crime even in affluent communities.

Many homeowners are wondering how they will pay their mortgages, and others are wondering if we will experience a new real estate market crash, pointing to a wave of foreclosures.Unlike in the Great Recession, once the virus is contained and immunity begins to take over the population.

Multifamily is not immune to changes also and has risks associated with it.