Tiny home is inundated with requests from interested renters who are desperate for affordability

Real Estate

There’s big demand for a very tiny home in Nevada.

In the Las Vegas Valley, a 160-square-foot residence listed for $950 a month has received hundreds of inquiries from prospective tenants — something the landlord wasn’t anticipating, Fox 5 reports.

“I’ve literally [had] 113 and counting people,” the landlord, who asked for anonymity, told the outlet. “[My phone] keeps ringing on wanting to rent it. It’s definitely in people’s heart to want to save some money right now.”

The micro-home stands on the landlord’s own property; he built it himself for $22,000.

The space can fit a small kitchen with a washer/dryer. FOX5
The bed is perched in a lofted space that overlooks the main floor. FOX5

Despite its size, the rental packs quite a punch. A lucky tenant can get a small backyard space. Inside, there’s a small pull-down table for dining, a kitchen with a cooktop and a washer/dryer, a bathroom and a lofted bedroom that overlooks the main floor.

The monthly $950 expense also includes water, electricity, internet, trash and plumbing.

Interested parties have included a family of four — and three individuals who each have two children and a dog.

What they all have in common: a desire for affordability, and they’re willing to sacrifice some space for it.

There’s a small dining space for two. FOX5
There’s just enough space for modest storage, to boot. FOX5

The average rent in Las Vegas is $1,745 and residents must make $70,000 annually to afford a rental. Overall, the US has seen rents rise nearly 30% since 2020.

Even Nevada itself allows for this type of small-unit housing. In 2021, the state legislature passed a law requiring cities with populations north of 150,000 to create zoning laws for tiny homes for compliance by 2024.

This isn’t the only small space under the landlord’s belt. He’s built a dozen others — and for him, it’s a gesture of help.

“The economy’s tough, and just doing my share on trying to help someone out,” he said.

Products You May Like

Articles You May Like

Home sales surged in October, just before mortgage rates jumped
We’re making another trim of a stock under pressure to protect hard-fought profits
Weekly mortgage demand inched up, despite higher interest rates. Here’s why
‘RHOC’ star Kelly Dodd and Rick Leventhal sell the Westhampton beach house where they met — for $1.16M
Real estate titans toast Daniel Boulud’s steakhouse La Tete d’Or: ‘Cathedral to carnivorism’

Leave a Reply

Your email address will not be published. Required fields are marked *