Although the micro home (tiny house) movement isn’t new, Americans interest in tiny homes has skyrocketed during the COVID-19 pandemic.
IPX 1031 recently analyzed search trends data to find where tiny homes are most popular. In addition, they surveyed 2,000 Americans to learn what it would take for them to live in a tiny home.
Here’s what they found:
- 56% of Americans say they would live in a tiny home. 86% of first-time home buyers would consider a tiny home for their first home.
- 72% of home buyers would consider buying a tiny home as an investment property.
- Most appealing factors of tiny home living: 1. Affordability 2. Efficiency 3. Eco-friendliness 4. Minimalist lifestyle 5. The ability to downsize.
- Most desired tiny home amenities: 1. Heating/AC 2. Kitchen space 3. Designated bedroom 4. Laundry 5. Outdoor space.
- 53% of Americans can afford the median price for a starter home ($233,400) vs. 79% of Americans can afford the median price of a tiny home ($30,000-$60,000).
- Top states for tiny homes: 1. Vermont 2. New Hampshire 3. Maine 4. Wyoming 5. Washington 6. Idaho 7. Montana 8. Oregon 9. Rhode Island 10. Alaska.
Take a look at the full report!