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. Especially in Washington, where accessory dwelling units are favored to ease the housing shortage. With a square footage generally below 600, tiny homes are an affordable alternative.
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, Washington ranks as the No. 15 best state to live in a tiny home. While the average cost to purchase a tiny home there is a bit steeper, $57,276, the median income is also high: $78,687. Coupled with the high median income of $85,843 and a relatively large percentage of park space — 3.93% — it’s a solid environment to begin your tiny home adventure.
However, the top five states in the ranking are Georgia, Texas and Kansas, Florida and California.