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Here are the Cities Where Newer Homes Rule

saving-homesIt seems Meridian, Idaho is the place to move if you’re looking for a newer model home. According to a new report from Realtor.com, 34.3 percent of the city’s homes were built after 2013.

They’re affordable, too. At a median price of just $290,000, Meridian’s post-2013 construction costs come in significantly lower than Realtor.com’s other top 10 new home bastions, including Richmond, Oklahoma, where post-2013 homes come in at a median price of $326,000, and College Station, Texas, where they’re $345,000.

Population growth is likely the reason behind Meridian’s big construction boom, with a jump from 35,000 residents to more than 84,000 over the last century. It is now the state’s third-biggest city and home to some of Idaho’s biggest tech companies and employers.

As for College Station, the city is Texas’ top job creator, thanks in large part to Texas A&M University. It’s also the 15th-fastest growing city in the country, according to the U.S. Census.

Also making the list for top new construction areas were Fargo, North Dakota; Lincoln, Nebraska; Frisco, Texas; Irvine, California; San Tan Valley, Arizona; Arvada, Colorado; and Orem, Utah.

For vintage charm seekers, Realtor.com also revealed the spots where the oldest construction in the country can be found, and the Boston-Cambridge, Massachusetts area came in at No. 1 by a mile. With 34.7 percent of homes built before 1900, its historic properties boast a median price of just under $800,000.

Newark, New Jersey took the No. 2 spot, though its numbers pale in comparison with Boston. A little more than 13 percent of houses were built pre-1900, and median historic home prices are $144,500.

The list also included Allentown, Pennsylvania; Hartford, Connecticut; Providence, Rhode Island; Manchester, New Hampshire; Grand Rapids, Michigan; Chicago; Cincinnati; and Milwaukee.

To view the complete lists, stats, and analyses, head to Realtor.com.

About Author: Aly J. Yale

Aly J. Yale is a freelance writer and editor based in Fort Worth, Texas. She has worked for various newspapers, magazines, and publications across the nation, including The Dallas Morning News and Addison Magazine. She has also worked with both the Five Star Institute and REO Red Book, as well as various other mortgage industry clients on content strategy, blogging, marketing, and more.
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