Skip to main content

Jersey City is Home to Nation’s Smallest Houses

Phil Hall
Aug 10, 2015
Small Home in Hands Pic/Credit: AlexRaths

Despite what it says on the labels of too many garments, one size never truly fits all—and that also applies to housing. The number crunchers at Realtor.com reaffirmed this after analyzing 1.8 million listings for single-family houses and condos, and the result of their study was a pair of lists detailing the major metropolitan markets with the greatest quantity of small and large homes.

On the smaller side, Jersey City, N.J., came in first with the unlikely designation of boasting the nation’s smallest homes, with a median square footage of 1,019. Honolulu came in a close second with a media square footage of 1,024 square feet—and with a median home price of nearly $600,000, it was also the costliest of the smallest homes markets.

Rounding out the top 10 in tiny residences was Detroit (1,026 square feet); Des Moines, Iowa (1,096 square feet); Yonkers, N.Y. (1,100 square feet); Washington, D.C. (1,154 square feet); Boston (1,233 square feet); Philadelphia (1,240 square feet); Oakland, Calif. (1,275 square feet); and Baltimore (1,280 square feet).

“Areas with the most population density have the least amount of developable land, and what you get for your money is usually least where land is most valued,” said Jonathan Smoke, Realtor.com’s chief economist.

At the other end of the spectrum, Aurora, Colo., took top honors with the nation’s largest homes—2,900 square feet, in a market where the median home price is $351,950. Rounding out the XL-sized list are Plano, Texas (2,817 square feet); Scottsdale, Ariz. (2,584 square feet); Colorado Springs, Colo. (2,555 square feet); Gilbert, Ariz. (2,453 square feet); Chandler, Ariz. (2,289 square feet); San Antonio, Texas (2,236 square feet); Houston (2,208 square feet); Raleigh, N.C. (2,206 square feet) and Portland, Ore. (2,186 square feet).

 

Published
Aug 10, 2015
Reports: Evergrande Group Arranges Bond Extension

Reuters, REDD say company's billionaire chairman has agreed to provide additional collateral to ensure a construction project tied to a $260M bond is completed.

Industry News
Oct 21, 2021
New American Funding Hires Regional Manager

Mark Tribuna will lead effort to expand company's partnership with affordable nonprofit builders in mid-Pacific region

Industry News
Oct 21, 2021
Rocket Pro Announces Initiatives To Boost Brokers

Company brings Rocket Tech, the Rocket Network and Rocket Marketing to mortgage brokers across the country

Industry News
Oct 19, 2021
FormFree Taps Amazon Web Services For Consumer Financial Identity Solutions

FormFree will use Amazon's blockchain technology to manage its latest consumer Financial DNA solution and its newly introduced FormFree Exchange.

Tech
Oct 19, 2021
Synergy One Lending Increases Its Capital By $50M

San Diego-based Synergy One Lending Inc. completed a $50 million corporate note financing with a consortium of institutional investors.

Industry News
Oct 19, 2021
TransUnion Sees Untapped Growth Opportunity For The Mortgage Industry

A study conducted by TransUnion, which explores the creditworthiness of low-to-moderate income consumers, revealed that the segment represents a $300 billion growth opportunity for the mortgage industry.

Analysis and Data
Oct 19, 2021