Many potential American homeowners dream about buying an older house, steeped in history and rustic charm. Others would much prefer a brand new home, with modern design elements and no need for major renovations.
Depending on where you live, newer homes are far more common, and in some large U.S. cities, the majority of homes have been built in the last two decades.
According to data collected from the U.S. Census Bureau, there are 26 U.S. cities with a population of at least 65,000 where more than half of housing units were built since the year 2000, compared to about 19% of homes nationwide.
The cities with the largest shares of newer homes tend to be in Western states that have been developed more recently, relative to much of the East Coast. Such states include Arizona, Nevada, and Texas, which alone account for 15 of the 26 cities on this list.
Growing populations result in a growing demand for new homes, and some of the cities on this list, unsurprisingly, are among the fastest growing cities in the United States.
Because these housing markets tend to have rapidly growing populations, the cities on this list are in-demand places to live, and homes there generally cost more. The U.S. median home value is $217,600. In all but five of the 26 cities on this list, the median home value is greater than the national median. However, despite higher than typical home values, many of these cities are far from being among the most expensive housing markets in the state.