According to the U.S. Census Bureau, the average size of the American home is at an all-time, chart-topping high of 2,687 square feet. That’s more than 1,000 square feet larger than the average size home of 1,660 square feet in 1973. Meanwhile, the average household size in the U.S. has shrunk over the last 40 years. Back in 1973, 3.01 people lived in each household on average. Today, America is at an all-time low of 2.54 average people per household. Together, those stats translate into people having a lot more space. The Census Bureau calculates that the average square footage of living space per person in new U.S. homes is 92 percent more than it was in 1973!
Amid the staggering super sizing of the average American home, a quiet trend is now taking hold. Thousands of Americans are micro-sizing into tiny homes. It’s a trend that’s picking up steam, according to the National Association of Home Builders. According to a recent survey conducted by the NAHB, more than half of U.S. adults polled would consider living in a home smaller than 600 square feet. In short, there’s a burgeoning market for tiny homes. Here are some of the reasons why so many are choosing to forego a McMansion in favor of tiny living.
Plenty of Livable Space
Though tiny homes are small in size, they’re mighty in livable space. Most boast modern kitchens, a comfortable sleeping area, and space for dining and relaxing. Typically, tiny homes range in size from 100-800 square feet, and designers of tiny homes are making big moves to ensure that every inch is functional and aesthetically pleasing.
Perhaps the largest benefit of micro-sizing is financial. Tiny houses save money for a host of reasons. First, the average cost of a tiny home is significantly less than the average cost of a typical single family home. The average sale price of a new single family home in the U.S. topped $379,000 in February 2019. Tiny homes can be purchased for less than $50,000. Of course, the total cost varies considerably based on the cost of the land upon which the tiny home will sit. Tiny homes in NYC, for example, typically cost a little more than those in the Midwest, because land in New York City is generally more expensive.
In addition to saving money on the actual structure of the home, however, tiny home owners recognize cost savings related to energy costs and in home maintenance costs. That leaves a lot of tiny homeowners with the budgetary means to purchase high end finishings, like top-of-the-line appliances for their tiny homes.
There are a variety of reasons why American homeowners see a need to be flexible in their living arrangements, and tiny homes are the ultimate in flexibility. Many are built on wheels, making them easily transportable to a new location should a job or family situation require a change in address. The homes are also small enough to serve as an addition to a single family home, nestled in a backyard for use by guests or live-in in-laws. For more information, call Cassone Trailers today!