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Compared to 100 Years Ago, Owners Live Large

Compared to 100 Years Ago, Owners Live Large

old-house

Homes built in the last six years are 74 percent larger than those built in the 1910s, according to a new study released by PropertyShark, a real estate information site. Americans have lots more space to themselves too, considering average households have fallen from 4.5 to 2.5 people in that timeframe too.

In other words, Americans have a whopping 211 percent more of living space in newer homes than they did a century ago.

“U.S. homes have shown a steady and quite remarkable rate of growth in size over the past 100 years,” according to the PropertyShark study. “The average new home in America, be it condo or house, now spreads over 2,430 square feet.”

Some cities are building even larger than the average, notably San Antonio, Texas; Orlando; and Nashville, the study notes.

“All of these can boast a median home that spreads over more than 2,600 square feet, a generous space by any account,” according to the study.

The study notes that homes built in San Antonio and Dallas are about twice as large as they were 100 years ago.

On the other hand, Boston had the smallest new homes, which averaged 909 square feet, followed by San Francisco (1,150 square foot average), and Miami (1,179 square feet).

Source: NAR – Real Estate News
Compared to 100 Years Ago, Owners Live Large

 

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