Personally, I’d rather have a smaller house on a larger lot than a larger house on a smaller lot. According to this article, in 1950 the average new house was 963 square feet and today it’s 2,400 squre feet. The average household size was 3.1 people in 1971 and today it’s 2.6. The lot size in 1980 was 9,000 square feet and today it’s gone down to 8,000. Fewer people are living in a larger house on a smaller lot.
Updated October 9, 2016 and originally published August 18, 2005.