Prices for Mobile Homes Rising Faster Than for Single-family Homes, Data Reveals
Originally published by Jacob Channel for Lending Tree on December 4, 2023.
Though home prices have come down in some areas, they remain steep across the U.S.
In the face of such expensive real estate, many would-be buyers may consider more affordable options like manufactured, or mobile, homes. But just because mobile homes are typically less expensive than more traditional site-built, single-family housing, it doesn’t mean they’re cheap.
On the contrary, our newest analysis of U.S. Department of Housing and Urban Development (HUD) and U.S. Census Bureau data finds that the average sales price of new mobile homes in the U.S. easily tops six figures. In addition, our analysis finds that the sales price of new mobile homes rose faster than the sales price of new single-family homes between 2017 and 2022.