How Much is a Tiny House?

Tiny houses have been growing in popularity for years. Part of the minimalist lifestyle, the tiny house movement is a real estate trend based on simplifying your life by downsizing your living accommodations, which can ultimately lead to more financial freedom.

Tiny homes are a low-cost option for people in any stage of the homeowning journey. Some home buyers choose mobile tiny homes for convenient travel and easy relocation, while others choose them in order to downsize and live more sustainably.

But how much does a tiny house really cost? The average tiny home costs $45,000. However, the home’s size, type and level of customization will influence the final price. With tiny homes ranging in size from 100 – 400 square feet, you’ll need to consider several factors when calculating your potential costs.

How Much Does A Tiny House Cost On Average?

The average nationwide cost of a tiny home is $300 – $400 per square foot compared to a traditional home’s $150 per square foot, making tiny homes typically cheaper to build or purchase. While the average cost of a tiny house is around $30,000 – $60,000, they can cost as little as $4,000 or as much as $180,000 depending on the amenities you choose.

It’s typically cheaper to build a tiny house than to buy one prebuilt, but don’t get too caught up in the savings. Consider the challenges of building a tiny home yourself. There’s always the risk that mistakes you make during construction could cost extra time and money to fix.

Beyond the decision to buy or build, other factors that will influence your overall cost include:

• The size of the house
• Whether you’re building on wheels or a foundation
• The building materials
• Building permit costs in your area
• Access to utilities
• The types of amenities you add

Because tiny homes are highly customizable, you’ll have more control over keeping costs low than you would when buying or building a traditional home.