Are McMansions losing traction in the suburbs?

Trulia reports on metro and national trends of McMansion premiums
  • Trulia measured the median home value premium for McMansions in 2006 and 2012, then compared them with today.
  • The biggest drop in McMansion premium between 2012 and 2016 was in Cape Coral-Fort Myers, Florida, which had an 84.5 percent dip.
  • All but two of the top cities with the biggest drops in McMansion premiums were located in Florida, including Fort Lauderdale, Miami, North Port-Sarasota-Bradenton and West Palm Beach.
  • Milwaukee saw the biggest gain in McMansion premiums, rising 12.5 percent between 2012 and 2016.

Big plots of land dotted with similarly styled homes was once the cornerstone of the American homeowner’s dream. Dubbed McMansions, these big, box-like homes were hugely popular between 2001 and 2007 and were roughly 1.5 to 2.5 times larger than 2000’s median sized home. However, a new report from Trulia finds these homes are losing appeal in some areas of the country.