Overview of Tiny Homes
Tiny homes are increasing in popularity due to financial freedom, environmental consciousness, minimalist lifestyles, and mobility. The tiny homes market size is estimated to grow 5% between 2024-2028 with mobile tiny homes having the largest share. 68% of tiny home owners have no mortgage. Tiny monthly housing expenses can be as low as $600.
Regional Growth and Trends
North America will contribute 57% of tiny home growth by 2027. Millennials and Gen X search for simpler living. Typical tiny home costs range from $75,000-$200,000. As demand rises, customizability increases. For example, American Tiny House offers solar add-ons. Green energy appeals to young homebuyers who want small environmental footprints. The top five tiny-friendly states are California, Oregon, Texas, North Carolina, and Florida. Viken Ohanesian founded BOSS Homes in Los Angeles. Their 320-square-foot tiny houses assemble in three days like Lego blocks for $56,000. California legislation allowing accessory dwelling units sparked their tiny house division.