Texas No. 2 state to own a ‘tiny home’

by Emily Mack

The financial service provider IPX1031 has conducted a study to determine the overall best states in which to own a tiny home. As the hot housing market grows more competitive, the demand for so-called tiny homes has only increased. They offer a lower-risk investment for first-time buyers with prices ranging between $30,000 and $60,000, according to the National Association of Realtors. As the tiny-house movement swept the U.S., many homeowners have downsized to properties below 600 square feet.

The cheapest states to purchase a tiny home in are (in order) Mississippi, Nebraska, North Dakota, New Hampshire and Kentucky. But a good price does not always reflect the quality of life. So to determine the overall best state to live in a tiny home, the IPX1031 ranking considers many factors: median income, the cost of living index, regional temperature and the percentage of public park space.

With that in mind, IPX1031 has named Texas as the second-best state for tiny home ownership. While living tiny in the Lone Star State might sound like an oxymoron — everything is bigger in Texas — the average price of a Texas tiny home is just $48,120. Combined with a median income of $64,034 and a fairly high percentage of park land, Texas is an ultimate tiny home location.

Texas is preceded on the list by Georgia and followed directly by Kansas, Florida and California.

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