Wednesday, August 13, 2014

Which metro has America's oldest housing stock?

Six New York markets are included on the list of 25 metros with the oldest housing stocks: Buffalo (second), New York City (seventh), Albany (ninth), Rochester (10th), Syracuse (11th) and Poughkeepsie (24th).

The opposite end of the rankings is dominated by Sunbelt metros. Las Vegas has the lowest proportion of old homes, 0.97 percent. Next are three Florida metros -- Cape Coral, Palm Bay and Port St. Lucie -- which are all below 2 percent.

All figures come from the five-year version of the U.S. Census Bureau's 2012 American Community Survey. The bureau defines a housing unit as any dwelling, including free-standing homes, apartments and condominiums.

The national rankings are limited to the 108 metros that contain at least 200,000 units.

From Buffalo Business First.

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