Here’s the Average American Dream Home

For 94% of Americans, the “American Dream” includes owning a home. Here’s what the average American dream home looks like, according to a survey of over 900 Americans conducted by Lombardo Homes.

Average Dream Home Specifications

Of those surveyed, 69% said they would choose to build a new home over renovating. When it came to size, the average American dream home measured 4,599.5 square feet. The average preferred number of bedrooms was 3.8, and for bathrooms, it was three.

The most important features of their dream homes were a large kitchen, a big backyard/property and an ideal location. Luxury-wise, the most desired features included a two-or-more-car garage, energy-efficient appliances and a hobby room.

The top ideal dream home settings were:

• Suburbs: 27%
• Country: 19%
• City: 18%
• Beach: 15%
• On the water:12%
• In the mountains: 9%

Additionally, 56% said it was important for their dream home to be close to good schools, 79% wanted to be located near shopping and 46% near entertainment and nightlife.

Dream Exteriors

The top exterior home styles were contemporary, Victorian and ranch, and 77% said they preferred neutral exterior paint colors, including whites, grays and creams, to bolder colors and trends like accents of black, blues and greens.

Dream Interiors

Inside their dream homes, most Americans wanted modern, contemporary and farmhouse styles, with 71% preferring a minimalist interior design style over a maximalist one. Again, most people (73%) wanted neutral interior colors.

Just a Dream?

While the large majority believe homeownership fits into the American Dream, 94% said they don’t currently live in their dream homes. Overall, 52% said they will not be able to obtain their dream home within their lifetime. This may be due to the price tag of the average American dream home, which falls between $500,000 and $1 million or more.