Study: Homes Get Larger While Lots Shrink
Median home size is about 2,260 square feet, while the median lot size is 8,700 square feet, down 18% from 2010. Jacksonville is No. 2 for large yards in a big U.S. city.
WASHINGTON – Single-family homes with large backyards may be harder to find nowadays. The median home size is now about 2,260 square feet, up from 2,170 square feet in 2010.
Meanwhile, the median lot size on a new home has shrunk by nearly 18% from 10,500 square feet in 2010 to 8,700 square feet in 2020, according to a new analysis of U.S. Census Bureau data by StorageCafe.
The study reveals that homes constructed in the 1960s or 1970s were typically situated on larger plots of land. Many of those homes are now being replaced by larger single-family homes or, when zoning allows, multiple townhouses, according to the study.
During the pandemic, many homeowners focused on their outdoor spaces, leading to growing demand for large backyards.
StorageCafe analyzed lot sizes in the largest U.S. cities, finding that Jacksonville is the No. 2 city for a large yard. The median lot in Jacksonville is 9,104 square feet.
Isaac Hiatt of Yardi Matrix observes, “The demand for housing in many markets is so much higher than the current supply that developers of new residential properties have to make the most of available land. This has led to an increase in what many would call single-family condensed housing.”
Source: Realtor Magazine (07/20/21)
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