According to, tiny homes are any homes measuring 400 square feet or less, whether on a foundation or on wheels. The tiny house movement is a trend of people making a conscious decision to live in smaller homes for reasons related to financial savings, reduced environmental impact or minimalist philosophy.

The financial benefits of living in a tiny home may seem obvious, but they are frequently underestimated. The average tiny house costs less than 10 percent of an average-size home, according to Those lower costs are one reason that more tiny house dwellers own their home, and more tiny house owners have no mortgage to pay, compared to the average homeowner.

Those financial benefits can bring a feeling of security that has appealed greatly to many retirees, according to Elaine Walker in a US News and World Report interview. That financial security can lead to improved mental and physical health. Benefits like those lead to a change of perspective on your small living space.

Living in a tiny house may seem like a sacrifice to many, but for those who choose tiny house life the rewards are often primarily spiritual. Cutting out the unnecessary in all areas of life leads to greater freedom and happiness. As reported on, these intangible benefits are the real aim of the tiny house movement.