Though Seattle’s housing market may seem worse off than the past several years, a new report from WalletHub shows that the city’s real estate market is actually among the healthiest in the country.

The finance analysis company compared 300 U.S. cities based on seventeen metrics: home values, home price appreciation, median days on market, share of underwater mortgages, rent price to sale price ratio, foreclosure rates, mortgage delinquencies, vacancy rate, share of new homes, building activity, housing affordability, maintenance affordability, population growth, job growth, unemployment rates, underemployment rates and median credit score.

Seattle ranked at No. 13 overall — though the metro’s affordability and economic environment are below average, Seattle’s real estate market ranked fifth of all cities analyzed.

When it comes to big cities, Seattle ranks even higher: the city has the third-best real estate market of large cities in the U.S., beat out by only Austin, Texas and Nashville, Tennessee.

Several key factors make Seattle’s real estate market so strong compared to that of similar cities. Firstly, the city has a low share of seriously underwater mortgages, ranking 124th in the country. Additionally, Seattle earned high scores for low foreclosure rate, low median days on the market and a low percentage of delinquent mortgage holders.

Seattle’s rankings for home-price appreciation and job growth rate were also above average.