Underground trains with the largest proportion of old houses

Old houses are a snapshot of history. Unique features such as moldings, paneling, arched doors, and stained glass windows make a statement that is difficult to replicate with newer designs.

If you are looking to put down roots in a vintage home, keep in mind that historical charm may outweigh today’s most enticing amenities. Some buyers look to old homes not only for their charm, but also for a sense of privacy that some newer homes with expansive and airy open floor plans cannot.

To determine where old homes are most common, a new study by the online credit marketplace LendingTree analyzed Census data to determine the proportion of old homes – defined as residential units built before 1939 or before 1939 – in each of the country’s 50 largest metropolitan areas analyze.

The study found that not only are old houses much more common on some subways than others, but that their values ​​can vary significantly relative to the value of all houses in a given area.

Boston, Buffalo, New York and Providence, Rhode Island are the metros with the largest proportion of homes built in 1939 or before 1939. An average of nearly 32% of homes in these areas were built during this period, compared to an average of 11.3% across the country.

Las Vegas, Phoenix, and Orlando, Florida, on the other hand, are the metros with the lowest percentage of old-fashioned units. On average, only 0.94% of the apartments were built in these subways by 1939.

While there are exceptions like San Francisco, metros with warmer climates usually have fewer old houses. Because they were built in an era before amenities like air conditioning were widespread, older homes tend to perform worse than newer ones in the heat and are therefore less common in hot parts of the country.

The median of homes built in 1939 or earlier fluctuates significantly across the country. For example, in Washington, DC, the median of homes built in 1939 or prior to 1939, $ 630,000, is more than $ 200,000 higher than the median of all homes in the area.

However, in Kansas City, Missouri, the median home built over the same period is only $ 112,400, which is nearly $ 71,000 cheaper than the median of all homes in the area.

Here are subways with the largest proportion of houses built in 1939 or earlier.

1. Boston

Total residential units: 1,958,465

Share built in 1939 or earlier: 33.19%

Median – all units: $ 437,500

Median – Units built in 1939 or earlier: $ 469,000

Difference between the median of all housing units and units built in 1939 or earlier: – $ 31,500

2. Providence, Rhode Island

Total residential units: 703,610

Share built in 1939 or earlier: 31.38%

Median – all units: $ 276,900

Median – Housing units built in 1939 or earlier: $ 241,700

Difference between the median of all housing units and units built in 1939 or earlier: $ 35,200

3. Buffalo, New York

Total residential units: 528,735

Share built in 1939 or earlier: 31.33%

Median – all residential units: $ 148,500

Median – Housing units built in 1939 or earlier: $ 115,000

Difference between the median of all housing units and units built in 1939 or earlier: $ 33,500

Underground railways with the lowest proportion of apartments built in 1939 or earlier

1. Las Vegas

Total residential units: 899,870

Share built in 1939 or earlier: 0.39%

Median – all residential units: USD 262,700

Median – Housing units built in 1939 or earlier: $ 207,600

Difference between the median of all housing units and units built in 1939 or earlier: $ 55,100

2. Phoenix

Total residential units: 1,915,023

Share of residential units built in 1939 or earlier: 0.91%

Median – all residential units: $ 250,000

Median – Housing units built in 1939 or earlier: $ 213,800

Difference between the median of all housing units and units built in 1939 or earlier: $ 36,200

3. Orlando, Florida

Total residential units: 1,032,603

Share of residential units built in 1939 or earlier: 1.53%

Median – all residential units: USD 221,600

Median – Housing units built in 1939 or earlier: $ 260,000

Difference between the median of all housing units and units built in 1939 or earlier: $ 38,400

Here are the 50 largest subways by proportion of houses built by 1939.

When considering buying an older home, LendingTree recommends considering the following factors:

Take into account additional costs associated with the age of a home. Older homes often require more renovation and maintenance than newer homes. It is therefore important to have the necessary resources, for example to keep electrical wiring up-to-date.

Once you’ve lived in your home for a while and built up some equity, you can consider using a home loan to fund larger projects like upgrading your kitchen or bathroom.

Make sure you have the right insurance. Since old home repairs can be expensive and more prone to damage, make sure your home insurance covers you in case something happens.

Keep in mind that you may have to pay higher premiums than you would on a newer house, depending on the shape of the house.

Leave a Comment