Bux-Mont Real Estate and More

Tiny Houses and the People Who Live in Them

Tiny Houses and the People Who Live in Them

The tiny house phenomenon redefines what makes a house a home, empowers the people for a better future, and leads a movement that breaks the mold every day. Tiny house people come from all walks of life. This is their story.

  •        68% of tiny house people have no mortgage, compared to 29.3% of all U.S. homeowners.
  •        55% of tiny house people have more savings than the average American, with a median of $10,972 in the bank.
  •        78% of tiny house people own their home, compared to 65% of homeowners with traditional houses.

The average cost to build a tiny house if $23,000 if built by the owner.

The average cost of a standard-sized house is approximately $272,000.

Add $209,704 interest on a 4.25% 30-year loan and it’s $481,704!

The average tiny house is 186 sq/ft while the standard U.S. house takes up nearly 2100 sq/ft. That adds up to nearly 11.3 tiny houses!

Approximately 2 out of 5 tiny home owners are over 50 years of age.

  •        21% are under 30 years of age
  •        21% are 30-40 years of age
  •        18% are 40-50 years of age
  •        38% are over 50 years of age

32% of tiny house people have more than $10,000 saved for retirement.

62% of tiny house people have less than $5,000 saved for retirement.

89% of tiny house people have less credit card debt than the average American, with 65% of tiny house people having zero credit card debt.

More women own tiny houses than men (55% vs 45%).

$42,038 per capita income of tiny house people. Earning $478 more annually than the average American.

Tiny house people are twice as likely to have a masters degree, while they are on par with the average college graduation rates.

 

If you enjoy reading our blog, please SUBSCRIBE.

The Scott Loper Team

Scott & Lisa Loper

Scott Loper Team at Keller Williams Real Estate

 

Tiny Houses and the People Who Live in Them
share
Tiny Houses and the People Who Live in Them The tiny house phenomenon redefines what makes a house a home, empowers the people for a better future, and leads a movement that breaks the mold every day. Tiny house people come from all walks of life… more
Must-Have Kitchen Storage Solutions to Consider
share
Must-Have Kitchen Storage Solutions to Consider The steps you take when thinking about important factors like storage space will make or break your home improvement project. Whether you're building a new kitchen in your home or renovating an… more
Stunning Home on Quiet Cul-De-Sac in Schwenksville
share
4757 Macgregor Dr, Schwenksville, PA 19473 Asking Price: $584, 900 MLS#: 7059821 For a Virtual Tour of 4757 Macgregor Dr Stunning and stylish home on a quiet cul-de-sac in Skippack Township with impressive room sizes, elegant finishing touches, 9’… more
Q. Can I sue Zillow?
share
Q. Can I sue Zillow? A. One homeowner from Illinois has done just that, saying that the “Zestimate” is nonsense and has created a tremendous roadblock in the sale of her home by repeatedly undervaluing her property. Zillow, a Seattle-based company,… more
Waterfront Property in Scenic Bucks County
share
1344 River Road, Upper Black Eddy, PA 18972 Bridgeton Township, Palisades School District MLS#: 7031548 Asking Price: $274, 900 **Waterfront Property in Scenic Bucks County** Beautiful River Views, Backing to the Delaware Canal Peace and… more
Monopoly The Landlord’s Game
share
Monopoly The Landlord’s Game The Monopoly Game is subtitled “The Fast-Dealing Property Trading Game” and has been around for over a century. The earliest version of the game came out in 1903 as The Landlord’s Game and was intended to teach an… more
What Generation Were You Born Into?
share
What Generation Were You Born Into? GI Generation (1901-1924) 1. 5% of the population Traits : Patriotic, loyal, hardworking, courageous, respectful Silent Generation (1925-1945) 11. 4% of the population Traits : Cautious, pragmatic, industrious,… more
Is a Reverse Mortgage for You?
share
Is a Reverse Mortgage for You? For some homeowners who have substantial equity in their home, a reverse mortgage may be a good option. Also referred to as a Home Equity Conversion Mortgage (HECM), the home equity is paid back to the homeowner in a… more
Cute 2nd Floor Condo in Valley House in Doylestown
share
403 S Main St Unit #G205, Doylestown, PA 18901 Asking Price: $159, 900 MLS#: 7045119 For a Virtual Tour of G205 2nd floor unit with hardwood floors and great natural light in the desirable Valley House. Great location with easy access to Routes 202.. more
Cute Cape on a Quiet Street in Pottstown
share
47 W 7th St, Pottstown, PA 19464 Asking Price: $99, 000 MLS#: 7040556 For a Virtual Tour of 47 W 7th St Cute brick cape on a quiet street in Pottstown with hardwood floors and a spacious eat in kitchen. Enter through a covered front porch into a… more