Home Lot Sizes Decrease, While Home Size Increases

In a recent market trend report by Zillow, data shows that U.S. homes are getting bigger, but the lot sizes are shrinking. The median size of single-family homes in the U.S. has grown 24 percent since 1990, from about 2,100 square feet in 1999 to about 2,600 square feet at the end of 2014. In relation to this, the median lot size has decreased by about 10 percent since the late 1990s, from about 9,600 square feet in 1999 to about 8,600 square feet at the end of 2014. In this past year, there is a little below two feet of yard space for every foot inside the home.

It’s an interesting concept that US homebuyers and even homebuilders are catering to the idea of a smaller lot and yard size. What can we attribute to this change? Is it the homebuyer market driving demand? In an era of the millennials, function and space seem to reign supreme in the eye of home design. Buyers love a kitchen with a little bit of extra square footage, or a bathroom that provides the ideal his and her amenities, and they are willing to except the tradeoff of a smaller yard.

In the second graph, notice that Texas, among other southern states and much of the east coast, are trending towards the smaller lot size.

Photo by Zillow Blog

Photo by Zillow Blog

About fulshearrealestate

With over 20 years of working in the greater Fulshear/Katy market, RE/MAX Realty West has become an integral part of the community and the number one choice for clients to find their next home. We are intimately familiar with the rich history and the wonderful communities that this area has to offer, not only because we work here, but because this is the community that we, ourselves, call home. As a friendly, boutique office, our goal is to provide our clients with an unequaled level of service. Whether you are finding the right home or looking to put your current house on the market, RE/MAX Realty West can help you every step of the way. Our experience helps clients find the right home, in the right location. We specialize in the greater Fulshear and Katy communities including Weston Lakes, Fulbrook, Cross Creek Ranch, Fulshear Creek Crossing and Firethorne. We also serve the acreage communities along the FM 359 corridor, which include the quaint neighborhoods of River Forest, Texana, Woods Edge and Grand River. Additionally, we handle the large Katy Master Planned Communities including Cinco Ranch, Seven Meadows and Grand Lakes.
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