It may not be as crazy of an idea as it sounds.
What exactly qualifies as a “tiny house”? U.S. Department of Housing and Urban Development defines a tiny house as one that is fewer than 320 square feet. That is room about 20’ long and 15’ wide that are generally hand-built, and constructed on a trailer.
So why has this becoming a booming industry? In most cases it makes living costs more affordable than buying or renting.
A tiny house generally costs around $23,000 for approximately 186 square feet. The average starting price for a new home in the U.S. is $277,000 for 2,600 square feet. The cost of living in a tiny house is much lower. Electricity, heating and air, all cost less.