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Home Market Research Markets

15 Cities in America Where Homebuyers Compete for Aging Fixer-Uppers

by TheAdviserMagazine
2 months ago
in Markets
Reading Time: 32 mins read
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15 Cities in America Where Homebuyers Compete for Aging Fixer-Uppers
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wotgat / Shutterstock.com

Editor’s Note: This story originally appeared on Construction Coverage.

Today’s real estate market is a challenging one for buyers. While home prices have relaxed since their peak in the COVID-19 pandemic, the typical cost of a home in the U.S. has risen by more than 23% from early 2020 through the end of 2025.

Compounding the housing affordability problem further, mortgage rates remain at elevated levels not seen since before the Great Recession. Additionally, the impacts of high rent and inflation have made it harder for many would-be buyers to save up for home purchases.

Underlying all of these conditions is the simple fact that America has been slow to add new homes to its housing supply.

Estimates of the national housing shortfall range between 1.5 and 7.3 million housing units relative to the needs of the current population. One of the primary reasons is that many construction firms downsized or went out of business entirely during the Great Recession, leading to a long stretch of underbuilding.

This prolonged underinvestment has led to an aging housing stock, leaving buyers to contend with homes that often require expensive repairs, costly renovations, and higher energy bills.

To better understand where these effects are most pronounced, researchers at Construction Coverage examined patterns in housing age using the latest data from the U.S. Census Bureau. For more information, refer to the methodology at the end.

Here are the cities with the oldest homes.

15. St. Louis, MO-IL

Homes in St. Louis Missouri
Rob Neville Photos / Shutterstock.com

Median home age: 50
Median year built: 1974
Share of homes built before 1980: 57.5%
Share of homes built before 1940: 15.1%
Share of homes built since 2010: 9.6%

14. Chicago-Naperville-Elgin, IL-IN

Homes in Chicago
James Andrews1 / Shutterstock.com

Median home age: 52
Median year built: 1972
Share of homes built before 1980: 61.1%
Share of homes built before 1940: 19.7%
Share of homes built since 2010: 7.1%

13. Los Angeles-Long Beach-Anaheim, CA

Home in Los Angeles
divanov / Shutterstock.com

Median home age: 55
Median year built: 1969
Share of homes built before 1980: 66.2%
Share of homes built before 1940: 11.6%
Share of homes built since 2010: 7.8%

12. San Francisco-Oakland-Fremont, CA

Homes in San Francisco, California
Sergey Novikov / Shutterstock.com

Median home age: 56
Median year built: 1968
Share of homes built before 1980: 65.6%
Share of homes built before 1940: 20.0%
Share of homes built since 2010: 8.8%

11. Detroit-Warren-Dearborn, MI

Houses in Detroit
Matthew G Eddy / Shutterstock.com

Median home age: 56
Median year built: 1968
Share of homes built before 1980: 65.6%
Share of homes built before 1940: 13.3%
Share of homes built since 2010: 6.3%

10. Milwaukee-Waukesha, WI

Milwaukee homes
Henryk Sadura / Shutterstock.com

Median home age: 56
Median year built: 1968
Share of homes built before 1980: 66.1%
Share of homes built before 1940: 19.8%
Share of homes built since 2010: 7.9%

9. Hartford-West Hartford-East Hartford, CT

Hartford, Connecticut
JTMC / Shutterstock.com

Median home age: 56
Median year built: 1968
Share of homes built before 1980: 67.8%
Share of homes built before 1940: 18.7%
Share of homes built since 2010: 5.4%

8. Rochester, NY

Rochester, NY
debra millet / Shutterstock.com

Median home age: 57
Median year built: 1967
Share of homes built before 1980: 67.0%
Share of homes built before 1940: 26.3%
Share of homes built since 2010: 6.7%

7. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Homes in Philadelphia
Olga V Kulakova / Shutterstock.com

Median home age: 58
Median year built: 1966
Share of homes built before 1980: 65.3%
Share of homes built before 1940: 21.6%
Share of homes built since 2010: 8.4%

6. Boston-Cambridge-Newton, MA-NH

Boston, Massachusetts
Sunny Chanruangvanich / Shutterstock.com

Median home age: 59
Median year built: 1965
Share of homes built before 1980: 65.0%
Share of homes built before 1940: 30.7%
Share of homes built since 2010: 10.5%

5. Providence-Warwick, RI-MA

Home in Providence, Rhode Island
Laura Stone / Shutterstock.com

Median home age: 60
Median year built: 1964
Share of homes built before 1980: 68.5%
Share of homes built before 1940: 29.2%
Share of homes built since 2010: 6.1%

4. Cleveland, OH

Cleveland, Ohio
Pedro Gutierrez / Shutterstock.com

Median home age: 61
Median year built: 1963
Share of homes built before 1980: 70.4%
Share of homes built before 1940: 21.5%
Share of homes built since 2010: 6.2%

3. New York-Newark-Jersey City, NY-NJ

Newark, New Jersey
EQRoy / Shutterstock.com

Median home age: 63
Median year built: 1961
Share of homes built before 1980: 71.7%
Share of homes built before 1940: 27.1%
Share of homes built since 2010: 8.0%

2. Pittsburgh, PA

Pittsburgh homes
Steve Heap / Shutterstock.com

Median home age: 64
Median year built: 1960
Share of homes built before 1980: 72.3%
Share of homes built before 1940: 25.3%
Share of homes built since 2010: 6.8%

1. Buffalo-Cheektowaga, NY

Townhouse in Buffalo, New York
CEW / Shutterstock.com

Median home age: 66
Median year built: 1958
Share of homes built before 1980: 76.6%
Share of homes built before 1940: 29.1%
Share of homes built since 2010: 5.4%

Methodology

Business analyst woman working in an office on a computer and analyzing data
Undrey / Shutterstock.com

The data used in this analysis is from the U.S. Census Bureau’s 2024 American Community Survey 1-Year Estimates.

To determine the locations with the oldest homes, researchers calculated the median age of residential housing units based on the year each unit was built. In the event of a tie, the location with the larger percentage of homes built before 1980 was ranked higher.

To improve relevance, metropolitan statistical areas were grouped into cohorts based on population size.



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Tags: AgingAmericaCitiescompeteFixerUppersHomebuyers
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