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Take a look at a new 28-unit tiny home community near Austin where rent for a 2-bedroom is $1,375 a month
Take a look at a new 28-unit tiny home community near Austin where rent for a 2-bedroom is $1,375 a month
Brittany ChangJan 13, 2024, 15:45 IST
These 28 822-square-foot tiny homes are being rented for $1,375 a month. All of the units were claimed within two weeks, Joseph Claypool, the cofounder of the Mustard Seed Community, said.Joseph Claypool, Mustard Seed Community
A 28-unit tiny home community is now open near Austin, Texas with a monthly rent of $1,375.
Its founder said all of the 822-square-foot homes were claimed within two weeks.
A city about 20 minutes north of Austin, Texas opened a new tiny home community in June. But unlike some of the pricey ones that have recently popped up, rent for these 28 units is capped at $1,375 a month.
As big tech companies like Apple and Tesla have flooded into the city, so have its high-earning employees. This gentrification has made Austin one of the least affordable cities in the US with the median home price doubling from 2011 to 2021.
In an effort to combat this booming housing cost, a local husband and wife decided to build what they say is Round Rock, Texas' first affordable tiny home community. Within two weeks of its completion, all 28 units were claimed.
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Using tiny homes to shelter people who maybe can’t afford traditional housing is becoming an increasingly popular concept.
Brittany Chang/Insider
But Round Rock’s new Mustard Seed Community isn’t meant to be temporary housing — its residents have signed off on 12-month leases.
Joseph Claypool, Mustard Seed Community
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Claypool is the police lieutenant at the Rock Rock Police Department while his wife and cofounder Stephanie is a local teacher. Both have experience in flipping homes.
Joseph Claypool, Mustard Seed Community
To fund this project, Claypool reached out to six major financial institutions.
Joseph Claypool, Mustard Seed Community
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While Claypool and Amplify Credit Union call these “tiny homes,” the two-story 28 dwellings aren't actually that small.
Joseph Claypool, Mustard Seed Community
Besides its size, the way these accommodations were built is one of the biggest differentiators between Mustard Seed and other similar communities.
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But the lodging at Mustard Seed is built like traditional housing: on concrete slabs.
These 28 822-square-foot tiny homes are being rented for $1,375 a month. All of the units were claimed within two weeks, Joseph Claypool, the cofounder of the Mustard Seed Community, said.Joseph Claypool, Mustard Seed Community
Because of this, these residences have the comforts of traditional apartments like full-size water heaters and appliances, and central air conditioning and heating.
Joseph Claypool, Mustard Seed Community
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The median rent in Round Rock is $2,100, according to data from Zillow.
Joseph Claypool, Mustard Seed Community
Despite any stereotypes people may have about affordable housing or tiny homes, this neighborhood looks like the average slice of suburbia.
Joseph Claypool, Mustard Seed Community
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Before these two acres were developed, the land was home to old barns, a chicken coop, “donkeys running around, and who knows what other critters in the grass.”
Joseph Claypool, Mustard Seed Community
However, he won’t divulge how much it cost to build each unit “because I don’t think the average person would be able to build them for that [low of an] amount.”
Joseph Claypool, Mustard Seed Community
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Despite their petite sizes, some tiny homes aren't cheap.
Joseph Claypool, Mustard Seed Community
An over 800-square-foot two-bedroom home with affordable rent is hard to pass up.
Joseph Claypool, Mustard Seed Community
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Rene Flores, Amplify’s commercial loan officer on this project, recalls “getting anywhere from five to six phone calls a week” from interested renters.
Joseph Claypool, Mustard Seed Community
Now, local teachers, nurses, 911 dispatchers, and restaurant service workers call Mustard Seed their home.
Joseph Claypool, Mustard Seed Community
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While these residents are now settled in, this might not be the end of Claypool’s tiny home journey.