With local home prices out of reach, and no apartments available within a normal commuting distance, many of the teachers in Vail, Arizona were forced to live in Tucson, and drive 25 miles one way, to get to work. So the school district set out to create a community of tiny houses, on five acres of district-owned land, located near the town center. The homes will be available both to rent or to own, and the mortgage on a customized tiny home with a 30-year fixed rate loan, will be about $700 a month.
Because you have to be an employee of the district to live in the tiny home community, if you decide to leave the district—or if you are asked to leave—you also would have to leave your home. Although Carruth says that teachers will have the option to take their tiny homes with them if they move on, moving these structures, particularly if installed on a foundation, can be a costly endeavor. Tiny homes typically don’t retain value like traditional homes do, in large part because they aren’t attached to land ownership.