Of the nation’s 51 largest metro areas, the average neighborhood density rose in 10 but fell in 41 since 2010.
The New York Times reports that low housing inventory, bigger price increase, and overall affordability has pushed people away from urban areas and out toward the suburbs.
Metros such as Austin, San Antonio, Houston, Raleigh, and Tampa became less dense since the beginning of the decade, while Seattle, Chicago, New York City, and Charlotte became more dense.
Advertisement
Related Stories
Market Data + Trends
Vacation and Investment Home Market Insights
A recent report finds beach homes to be the most sought-after vacation-home type and that the investment potential of a second home is an important factor in the purchasing decision
Affordability
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
Affordability
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable