Demand for tiny homes, either stand-alone or backyard dwellings, rose significantly during the coronavirus pandemic, as some homeowners looked for additional space and others looked for more affordable space. Along with the rest of the housing market, however, the costs are rising.
Tiny homes are generally designated as being under 600 square feet, but the average size of a tiny house for sale in the U.S. is actually just 225 square feet, or roughly eight times smaller than a typical home, according to a new surveyby Porch.com, a home services platform.
Nationally, the average cost of a tiny home is $52,000, 87% cheaper than the average price of a typical home. Buyers, however, are paying more per square foot on tiny homes, 62% more.