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- Phoenix ranks 22nd in the U.S. for newest homes, with a median build year of 1995.
- The city’s growth and build-to-rent boom contribute to the new housing stock.
Phoenix ranked as one of the nation’s top metros for new home construction, highlighting its ongoing expansion and rapid growth in recent years.
A recent study by home improvement brand and television show “This Old House” analyzed data on the median year housing units were built in the 150 most populous metropolitan areas in the U.S. to determine which have the newest and oldest housing stock.
The report showed Phoenix landed among the 30 metros with the youngest home constructions, with a median home age of 30, which is more than a decade younger than the national average of 44 years old.
Here’s why Phoenix’s house construction industry is expanding ahead of the rest of the nation, as well as a roundup of the metro areas with the youngest and oldest home constructions.
Is Phoenix building more homes than the rest of the nation?
Phoenix ranked No. 22 in the list of metro areas with the newest home constructions.
The median home in Phoenix was built in 1995, while the national average was built in 1981. Analysts said this highlights Phoenix’s housing market expansion, which comes as a result of its rapid population growth in recent years.
A separate study by Point2Homes, a website that assists families in finding rental homes, showed that Phoenix had the nation’s highest surge in construction of rental house units in 2024, contributing to a national historic high in the build-to-rent sector. According to the study, Phoenix completed nearly 4,500 new single-family rentals in 2024, and more than 12,700 over the past five years—making up for a 309% increase from 2019 levels.
This places Phoenix as a city that continues to attract homebuyers, especially those who prioritize features likely to be found in newer construction, such as energy efficiency, low maintenance, and modern amenities, the study said.
These 10 US cities have the newest homes
The study found the nation’s youngest housing stock concentrated in the South and Southwest, with many of the homes in this region built around the late 1900s and early 2000s.
Study analysts suggest this could be due to many southern states experiencing numerous natural disasters, such as fires, floods, tornadoes, tropical storms, and hurricanes, which have prompted many instances of rebuilding.
Here are the top 10 metros for new home constructions, along with their median home age, according to This Old House.
- Austin-Round Rock-San Marcos, Texas: 22
- Myrtle Beach-Conway-North Myrtle Beach, South Carolina: 22
- Provo-Orem-Lehi, Utah: 23
- Raleigh-Cary, North Carolina: 24
- McAllen-Edinburg-Mission, Texas: 24
- Cape Coral-Fort Myers, Florida:…
Read More: Metro Phoenix homes are newer than most cities. Is that good or bad?
