According to a recent report, more than half a million new apartment units were completed in the U.S. last year, resulting in a younger housing stock in many cities. Analysis of census data shows that between 2013 and 2023, 86% of cities saw a decrease in the median age of homes, from 1976 to 1980. This trend is driven by new constructions responding to housing shortages and population shifts toward larger metropolitan areas, particularly in the Sunbelt states and New York suburbs, which have experienced significant growth in the number of younger homes.
According to the report, the population in Williston rose by more than half while the number of homes nearly doubled, resulting from an oil boom that attracted billions.
In cities and towns with at least 25,000 residents, 86% saw a younger typical home between 2013 and 2023, as new builds responded to housing shortages.
The median home age for the U.S. decreased from 1976 to 1980 over the last decade, largely driven by new construction and population migration trends.
The latest findings indicate that while many cities experienced a younger housing stock, some older cities like St. Louis and Buffalo remain with homes built around 1939.
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