America’s favorite style of home is…

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America’s favorite style of home is…
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Ranches are the most popular style of home for sale in America right now, according to a new Trulia report.

The real estate website went through listing data for homes that are on the market in more than 100 metro areas to find out which home styles people love the most.

Ranch homes are most popular in 34 states, while modern homes are most popular in 15 states.

Read more: 3 home energy savings tips to save $500 this year

Ranches are the #1 style of home for sale, report finds

What comes to mind when you think about a ranch home? Trulia says the ranch style is known for single-floor living, open floor plans and attached garages.

They’re particularly popular with seniors who don’t want to bother with climbing up and down the stairs.

Trulia home styles by state

The popularity of ranch homes may be tied to affordability in some markets. Trulia says ranch homes in Atlanta have a median list price of $92 per square foot, about half of the citywide median listing price of $180 per square foot.

These are the top 10 home styles, according to Trulia:

  1. Ranch
  2. Modern
  3. Contemporary
  4. Craftsman
  5. Cottage
  6. Colonial
  7. Victorian
  8. Cape Cod
  9. Farmhouse
  10. Tudor

Trulia says between April and June, U.S. home inventory fell 8.9% nationwide year-over-year.

Inventory today is 20% lower than it was five years ago with the current number of starter and trade-up homes on the market decreasing 15.6% and 13.1% respectively, during the past year, Trulia found. 

Amid falling inventory, fewer homes are staying on the market for more than two months.

Read more: How I paid off my $86,000 mortgage in 2 years

How to talk to your family and friends about money

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Mike Timmermann About the author:
Michael Timmermann paid off his mortgage in two years. Now, he shares his money-saving tips on his blog, Save on Almost Everything.
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