Bux-Mont Real Estate and More: Tiny Houses and the People Who Live in Them

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

 

Comments

These were intersting statistics to read about the tiny house and the people that own them. Thanks for sharing this information

Posted by Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900, Family Helping Families Buy & Sell Homes 40+ Years (Get Results Team...Just Call (408) 252-8900!) 2 months ago

I have seen more room in some MRI Machines than in some of these houses

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) 2 months ago

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