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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.

 

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The Scott Loper Team

Scott & Lisa Loper

Scott Loper Team at Keller Williams Real Estate

 

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