What's The Most Affordable Architectural Home Style?

No matter where you live, there are likely a number of different architectural styles represented in your area. You may live in a neighborhood of bungalows down the street from a row of old Victorians. Or maybe your neighborhood was built more recently and is dominated by Colonials and Mediterranean-style homes.  Here in the Bozeman Area, there's something for everyone- from rustic log homes to contemporary revivals to new construction and everything in between. 

Downtown you will find brand new contemporary condos a block away from meticulously rehabbed craftsman cottages, or a historic buildings converted into residential suites.  Ifsuburban life is your thing, you'll find no shortage of  quaint, family neighborhoods complete with green space and trail systems.  What nearly all "Bozemanites" can agree on, however, is a desire for quality and uniqueness.  Even in the so-called "cookie cutter" subdivisions, you will find that each home has its own "personality" created thru the use of varying materials, colors, and layout designs.  You will frequently see mixed materials being show-cased in both interiors and exteriors.  These endearing design elements contribute to Bozeman's acclaimed small-town personality.

 

So, outside the borders of our perfect little town of Bozeman, across America as a whole, which home style sells for the most? A recent study looked at a number of popular home styles and determined which sells for the highest price and which have increased and decreased in popularity over the past four years. The results show that Mediterranean-style homes have the highest median list price at $749,900. Known for their stucco walls and wrought-iron accents, these homes still garner the highest asking price but have fallen out of favor a bit since their heyday 15-to-20 years ago. In fact, median list price for a Mediterranean-style house has only risen 0.1 percent over the past four years. On the other hand, Modern homes are surging in popularity, with a 37.4 percent jump in median price. The median Modern house now goes for $425,850. The most affordable home style was Victorian at $285,000, while Colonials demanded close to $400,000. The median list price for all styles was $249,900, up from $200,000 in 2012. More here.