An analysis of the age of the country’s housing stock found that the median residential home age in Gilbert is 19 years, with just 9.1% of all units built in 2014 or later.  

That puts Gilbert with the 4th newest homes overall among American’s midsize municipalities. 

Gilbert has 7,679 housing units built in 2014 or later while the population has increased 27.3% in town, according to the U.S. Census Bureau’s 2020 American Community Survey. 

For reference, here are the statistics for the entire United States: 

• Median residential home age: 42 years 
• Share of housing units built in 2014 or later: 3.5% 
• Total housing units built in 2014 or later: 4,826,244 
• Change in population in the last 10 years: +7.4% 

A detailed methodology and complete results can be found in the original report on Inspection Support Network’s website: https://www.inspectionsupport.com/resources/cities-with-the-newest-homes-for-sale 

The past two years have shown that the stock of housing in the U.S. is inadequate for the country’s needs, according to the report.  

Fast-rising home prices and rents nationwide illustrate that supply has failed to keep up with housing demand. Experts at federal mortgage backer Freddie Mac estimate that the U.S. is nearly 4 million housing units short of what the population needs. 

But another challenge is that America’s housing stock is getting older. Today, the median age of a housing unit in the U.S. is 42 years, a figure that has risen steadily over the past two decades. 

Many older homes are in places where population growth is flat or slower than in other parts of the country. The result is an imbalance between the locations where housing is more plentiful or affordable and the locations where people are trying to live. 

Parts of the Northeast and Midwest which have been heavily populated for longer tend to have older housing stock, according to data from the U.S. Census Bureau. New York leads the nation in residential home age with a median age of 63 years, followed by nearby Rhode Island and Massachusetts at 59 years.  

At the other end of the spectrum, states in the Mountain West and Southeast, which have been growing quickly in recent years, have younger housing stock overall. Nevada (26 years) leads all states with the newest housing, with states like Arizona, Utah, South Carolina, and Georgia not far behind. 

Fast-growing Sun Belt cities offer the most recently built housing at the metro level, and cities in two states stand out: North Carolina and Texas. North Carolina’s two largest metros, Raleigh and Charlotte, are each in the top three cities with the newest homes, while the Lone Star State is home to four of the top 15.