Enterprise glossary and term center

Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.

Lot Size - How big is a lot size?

According to the U.S. Census Bureau, the median size of a lot for new construction in 2018 was 8,982 square feet, or about one-fifth of an acre. By comparison, the median size of a home lot in 2009 was 10,994 square feet, or one-fourth of an acre. That's a square footage drop of 18.3 percent in average size.