ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Walmart is selling homes with 1 bedroom and a spacious floor plan — at a price that can't be beat

Retirees are also opting for tiny homes to spend their days in a comfortable setting with a lower cost of living.
PUBLISHED OCT 23, 2024
Stock image showing the exterior view of a tiny house model (Image Source: Getty Images | Smith Collection/Gado)
Stock image showing the exterior view of a tiny house model (Image Source: Getty Images | Smith Collection/Gado)

While tiny homes may not be as popular as they were just a few years ago, they're still a lifestyle choice many people make because of the rise in rent and mortgage rates worldwide. This is probably why after retail giant Amazon, Walmart has now begun selling tiny homes with one bedroom and spacious floor plan. According to a Fortune report, a 19-by-20-foot “expandable prefab house” from Chery Industrial will cost consumers $15,900.

People walk near the entrance to a Walmart store | Image Source: Getty Images | Joe Raedle
Stock image showing a Walmart storefront | (Image Source: Getty Images | Joe Raedle)

The ones available at Walmart are also priced lower in comparison to the tiny homes being sold by Amazon. Not only that, a slightly smaller version of the prefab home is even cheaper if consumers buy it directly from the manufacturer. But there are a few things to consider before you commit to one of these homes. For starters, you would need a tract of land on which the house will be set up, along with a foundation, a power source, as well as water supply. The home does come equipped with a toilet, and shower alongside storage space. According to the report, the home comes in a compact state, and the walls and ceilings could be folded out. Along with Walmart, Home Depot has also entered the tiny home market. The unbranded Chill Out one bed one bath crib from Home Depot is another tiny home that sells for $22,999, according to International Business Times.



 

The popularity of these tiny homes had dipped a bit, but with the skyrocketing rent and mortgage rates, it wouldn't be a surprise if people started buying more of these homes. While young people may seem to be the main consumer base for tiny house manufacturers, that's not the case. Many retirees are also gravitating towards the idea of a compact and comfortable space that they can call home. One of them is Twilia, a woman who is spending a quaint retired life in her tiny home.

Twila and her husband built the entire home for $56,000, which allows them to make it through the month for just $350. They found a 235-square-foot home at a Tenessee-based company known as  Incredible Tiny Homes, and it was all that they needed. The unit's cost is lower than the median price in the US for a house, which is around $439,170, according to Redfin. The couple customized their home to include all their desired amenities like a stovetop, a washer, a dryer, and a small fireplace. They are also living in a neighborhood that is full of tiny homes. "This is my forever home, we had this built the way we wanted it built," the woman said in the video. The home also has a spacious patio area along with an outdoor kitchen. 



 

The tiny home movement will most likely continue to grow in the future, as people move towards making sustainable choices and become more mindful of the growing environmental concerns. Along with this, there are many other advantages of living in a tiny home, including, flexibility, community appeal, as well as affordability.

RELATED TOPICS WALMART
MORE ON MARKET REALIST
According to the expert, personal letters and a signature from Tolkien himself added to the value of the book.
7 hours ago
Chistina and Katie Currie won over $88,000 in cash and two exotic vacations with their stunning performance.
8 hours ago
After everyone backed out, the billionaire Shark stepped up to help the founder of Diaper Dust.
1 day ago
Sun kept repeating the incorrect phrase but couldn't identify the error in time.
1 day ago
After almost closing a deal with Mr Wonderful, the founder of 'Simply Good Jars' pivoted hard.
1 day ago
The host thought it was the "worst possible answer" to give even as the team felt it was good enough.
2 days ago
Adding to the controversy, the owner of Dr. Mudd's lapdesk asked Harrison for $100,000.
2 days ago
With just milliseconds to spare, Sarah LaPilusa pulled off an incredible Bonus Round win.
2 days ago
Ozark Trail 64 oz Water Bottles were recalled after the lids of faulty bottles forcefully ejected.
3 days ago
The player laughed and giggled her way through the puzzles to win prizes worth over $57,000.
3 days ago
Scott Riccardi placed an unbelievable wager during Final Jeopardy! to win a massive amount in a day!
3 days ago
The guest got a 200% return on investment on her sculpture that she bought from Macy's.
3 days ago
Jennings had a record-setting winning streak as a contestant before he became the host.
4 days ago
The player, Ron Wheeler, tragically got no clues after his letter picks for the final puzzle.
4 days ago
The former kids champion, Skyler Hornback knew what was coming.
4 days ago
The fans took issue with the clue being too tough and unnecessary for the contestants.
5 days ago
Cuban wanted to strike a deal with the founder of Coconut Girl and gave her an ultimatum.
5 days ago
Although the word did make a lot of difference, some fans felt that the decision was ridiculous.
5 days ago
The guest, who found the item online, didn't think it was the real deal until he heard its value.
6 days ago
The player Samantha secured the first big win of Ryan Seacrest's run on the show.
6 days ago