Updated: Dec 17, 2020
Tiny houses are not new, but COVID-19 and resultant lifestyle changes are making the movement more popular, according to IPX1031, a Fidelity National Financial Company blog, which conducted a survey of 2,000 Americans to understand how likely they would be to live in a tiny home. The researchers also looked into regions of the country with optimal tiny-home markets for both homebuyers and investors.
"Even though the micro home movement isn’t necessarily new, many have put tiny homes on their radar since COVID-19," note those who conducted the study.
Affordability was the top reason for survey respondents who answered that, yes, they would consider purchasing a tiny house (more than half).
65% cited affordability; 57% said "efficiency" would be a motivating factor; 48% said "eco-friendliness" would be a factor; and "living a minimalist lifestyle" rounded out the list of top tiny-house selling points. Also listed: Downsizing (36%), mobility (35%), and privacy (29%)