{"id":755,"date":"2017-02-13T00:00:00","date_gmt":"2017-02-13T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/study-small-homes-appreciate-faster\/"},"modified":"2017-02-13T00:00:00","modified_gmt":"2017-02-13T00:00:00","slug":"study-small-homes-appreciate-faster","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/study-small-homes-appreciate-faster\/","title":{"rendered":"Study: Small Homes Appreciate Faster"},"content":{"rendered":"

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Bigger isn\u2019t necessarily better when it comes to appreciation. In fact, a new study shows that smaller homes likely will offer<\/a> a bigger percentage return on a home shopper\u2019s investment.<\/p>\n

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Read more<\/strong>: New Single-Family Homes Are Getting Smaller<\/span><\/p>\n<\/blockquote>\n

A new study conducted by NerdWallet culled three years of listing<\/a> data from\u00a0realtor<\/a>.com\u00ae of the 20 of the largest U.S. metro areas and shows that smaller homes, in general, appreciate at a faster rate than larger homes.<\/p>\n

Markets can vary greatly, however. In 17 of the 20 metro areas analyzed, listing prices of the smallest 25 percent homes rose faster when calculated as a percentage, according to NerdWallet. The median annual growth rate for the smallest quartile of homes was 8.9 percent from 2013 to 2016, the study showed. The second smallest group of homes had the second-fastest growth rate: a median annual growth of 7.4 percent.<\/p>\n

Florida had two of the metro areas that saw the fastest rate of price appreciation among smallest homes. In Miami-Fort Lauderdale-West Palm Beach, the smallest quartile of homes appreciated by a whopping 19.5 percent each year from 2013 to 2016. In close second, Tampa-St. Petersburg-Clearwater saw its smallest quartiles of homes appreciate by 16.6 percent annually.<\/p>\n

Still, while the smallest homes appreciate fastest when viewed as percentage, larger homes appreciate fastest by absolute dollar amount, the study showed. That\u2019s not surprising given a larger home often comes with a heftier price too. Case in point, the smallest homes in the metro areas NerdWallet analyzed saw appreciation, on average, of about $57,535 between 2013 and 2016. Within that same time period, the largest homes saw prices rise, on average, by $99,790.<\/p>\n

Richard K. Green, a professor and chair of the Lusk Center for Real Estate<\/a> at the University of Southern California, says one reason smaller homes are likely appreciating faster is due to less inventory of starter homes available. Buyer demand for starter, smaller homes remains high, however. That could be pushing prices higher, he says.<\/p>\n

Source: \u201cSmall Homes Can Offer Big Returns,\u201d NerdWallet (Feb. 7, 2017)<\/em><\/p>\n<\/div>\n

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[ad_1] Bigger isn\u2019t necessarily better when it comes to appreciation. In fact, a new study shows … Study: Small Homes Appreciate Faster<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":756,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,12908,543,127,41,818,10500],"class_list":["post-755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-home","tag-home-buying-guide","tag-homes","tag-property","tag-real","tag-single-family-homes"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/YKXLep64RUQ","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3535,"url":"https:\/\/amazingproperty.com.ng\/blog\/what-really-makes-a-property-appreciate\/","url_meta":{"origin":755,"position":0},"title":"What Really Makes a Property Appreciate","author":"Amazing Property","date":"April 18, 2017","format":false,"excerpt":"A home\u2019s value generally appreciates 3 percent to 4 percent every year, which is attributed mostly to population growth and inflation. However in 2016, homeowners saw appreciation jump to an average of 6.3 percent. Read more: Study: Small Homes Appreciate Faster Realtor.com\u00ae\u2019s research team sought to find out what would\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3098,"url":"https:\/\/amazingproperty.com.ng\/blog\/new-home-trend-bigger-houses-smaller-lots\/","url_meta":{"origin":755,"position":1},"title":"New-Home Trend: Bigger Houses, Smaller Lots","author":"Amazing Property","date":"April 6, 2017","format":false,"excerpt":"New homes are getting larger, but their lot sizes are getting smaller. The median size of a new home increased from 1,938 square feet in 1990 to 2,300 square feet in 2016, but lot sizes during this same period decreased from 8,250 square feet to 6,970 square feet. 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About 2 percent of the housing stock makes such a transition over\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1897,"url":"https:\/\/amazingproperty.com.ng\/blog\/get-ready-to-work-with-more-home-flippers\/","url_meta":{"origin":755,"position":3},"title":"Get Ready to Work With More Home Flippers","author":"Amazing Property","date":"March 13, 2017","format":false,"excerpt":"The flippers are back. The number of single-family homes and condos flipped in 2016 zoomed to a 10-year high, a new report from ATTOM Data Solutions shows. 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Those environmental hazards include superfunds, brownfields, polluters, or poor air quality (see box for\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/1487269424_1_rss.png?fit=584%2C644&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/1487269424_1_rss.png?fit=584%2C644&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/1487269424_1_rss.png?fit=584%2C644&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7766,"url":"https:\/\/amazingproperty.com.ng\/blog\/best-places-to-buy-rental-properties-this-winter\/","url_meta":{"origin":755,"position":5},"title":"Best Places to Buy Rental Properties This Winter","author":"Amazing Property","date":"January 9, 2018","format":false,"excerpt":"The winter off-peak period may be the best time for investors to snag\u00a0a deal on a single-family rental property. Single-family rental investors paid 6.6 percent less per square foot on the same property during the winter of 2017\/2018 than they did during the spring and summer buying season of 2017,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Homeunion.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/HomeUnion.png?fit=1200%2C967&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/HomeUnion.png?fit=1200%2C967&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/HomeUnion.png?fit=1200%2C967&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/HomeUnion.png?fit=1200%2C967&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/HomeUnion.png?fit=1200%2C967&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=755"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/755\/revisions"}],"predecessor-version":[{"id":90652,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/755\/revisions\/90652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/756"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}