It's no news that Americans seem to be obsessed with tiny homes. Some are looking to downsize, some want to live mortgage free, and others are attracted to the idea of a mobile lifestyle. Whatever the reason, these small wonders are popping up all over the U.S.
But, what is really the big draw of living in a 200-square-foot home on wheels? Realtor.com's Yuqing Pan investigates the strange allure of tiny homes and explains the obsession with five infographics.
Though everyone is talking about tiny homes, the average size of the American home is actually increasing. In 2013, the average size hit 2,600 square feet (about six times the size of a 400-square-foot tiny home), an all time high for housing size. However, the average buyer desires something more in the middle. Realtor.com's data reveals that lsitings for homes between 1,000 and 2,000 square feet get the most views on the site.
Surprisingly, tiny houses are not as cheap as most think. If you look at price per square foot, homes with fewer than 500 square feet are actually the most expensive on the market. For bargain hunters, 500 to 1,000 square feet is your sweet spot. That’s because every house comes with a fixed cost, including basic structure and high-ticket items such as the heating system. As a house gets bigger, the incremental cost for these pricey items lessens.