Manufactured Home Prices in 2019. Average Cost
The article explores average prices for the different kind of manufactured homes as well as the cost of land. You can also see the comparison of prices for new manufactured homes vs new single-family site-built homes.
Why Manufactured Home?
There always has been a need for quality, affordable housing. And the prefabricated housing industry has come up with the solution for people who want a new home with all of the features that a site-built home would offer but at a fraction of the price – manufactured homes.
This article explores average prices for the different kind of manufactured homes as well as the cost of land.
First, let’s review what a manufactured home is and why it is more affordable than a site-built home.
A Manufactured Home is a home built entirely in the factory under a federal building code administered by the U.S. Department of Housing and Urban Development (HUD). Manufactured homes may be single- or multi-section and are transported to your home site and installed.
Manufactured homes are less expensive because:
- The factory uses an assembly line to build these homes. The process becomes more efficient;
- It is built inside so there are no weather delays;
- Manufacturing is not disrupted by theft of both workers and hooligans;
- Due to the scale of production, a manufacturer buys large quantities of materials at less cost;
- The property taxes on manufactured homes are lower than on-site homes;
- Mortgages on manufactured homes are easier to obtain.
Read also: Affordable Housing. Manufactured Homes Benefits
Average Sales Price of New Manufactured Homes by Size
In the table below you can see how much Single Wides, Double Wides, and homes with more than two sections cost in the Western region of the United States in 2017-2019.
|
|
Total* |
Single |
Double |
|
2017 |
|
|
|
|
January |
$93,600 |
$45,800 |
$107,100 |
|
February |
$104,200 |
$59,000 |
$115,100 |
|
March |
$89,800 |
$49,400 |
$99,400 |
|
April |
$93,000 |
$57,200 |
$104,300 |
|
May |
$94,900 |
$47,800 |
$104,500 |
|
June |
$106,300 |
$46,600 |
$125,000 |
|
July |
$99,700 |
$44,500 |
$111,900 |
|
August |
$91,600 |
$46,600 |
$110,900 |
|
September |
$95,600 |
$51,700 |
$116,700 |
|
October |
$95,200 |
$50,900 |
$106,900 |
|
November |
$114,500 |
$49,800 |
$130,300 |
|
December |
$96,400 |
$58,600 |
$103,900 |
|
2018 |
|
|
|
|
January |
$98,900 |
$59,400 |
$114,200 |
|
February |
$87,100 |
$53,900 |
$100,600 |
|
March |
$82,900 |
$45,800 |
$98,700 |
|
April |
$103,100 |
$67,400 |
$113,400 |
|
May |
$104,000 |
$60,300 |
$108,900 |
|
June |
$105,000 |
$57,600 |
$122,900 |
|
July |
$102,800 |
$59,300 |
$118,200 |
|
August |
$97,400 |
$57,600 |
$110,300 |
|
September |
$102,600 |
$62,000 |
$111,600 |
|
October |
$105,100 |
$57,300 |
$116,500 |
|
November |
$99,300 |
$62,600 |
$107,800 |
|
December |
$101,400 |
$51,600 |
$120,400 |
|
2019 |
|
|
|
|
January |
$95,800 |
$59,000 |
$110,400 |
|
February |
$103,100 |
$43,500 |
$119,400 |
|
March |
$92,900 |
$49,100 |
$108,500 |
|
April |
$95,400 |
$63,600 |
$109,100 |
*Total – manufactured homes with more than two sections.
There are 3 types of manufactured homes: Single Wides, Double Wides, and Triple/Multi Wides. These are their main characteristics:
Single Wides 
- Average Size: from 500 to 1200 square feet
- What’s included: 1-2 (rarely 3) bedrooms, 1-2 bathrooms
Double Wides 
- Average Size: from 1000 to 2200 square feet
- What’s included: 2-3 bedrooms, 2 bathrooms
Triple/Multi Wides 
- Average Size: from 2000+ square feet
- What’s included: 3+ bedrooms, 2+ bathrooms
Read also: The 20 Best Mobile Homes on Homes Direct
Winter vs Summer Manufactured Homes Prices in the Western Region
Average prices in the period January-March are lower than in other months. As there are fewer people buying in winter, there are fewer people selling in winter. So it is cheaper to buy a home in winter. But it is more difficult to find your perfect combination of size and style because there are fewer homes to choose from – and thus homes cost less. Some associate it with a school year.
$43,500 – $59,000 for a Single Wide
$110,400 – $119,400 for a Double Wide
$92,900 – $103,100 for manufactured homes with more than two sections
Otherwise, during the summer, there are many houses for sale and people can find their ‘perfect home’ fast, and they are willing to pay a higher price for it. So the average price range in the period June-September is higher than the rest of the year:
$57,600 – $62,000 for a Single Wide
$110,300 – $122,900 for a Double Wide
$97,400 – $102,800 for manufactured homes with more than two sections
Average Nationwide Prices
In the table below you can see how much Single Wides, Double Wides, and homes with more than two sections cost nationwide in 2017-2019 (chart 2).
|
2017 |
Total* |
Single Wide |
Double Wide |
|
Winter |
$70,667 |
$49,000 |
$91,333 |
|
Spring |
$71,733 |
$49,100 |
$88,600 |
|
Summer |
$74,900 |
$48,333 |
$95,167 |
|
Fall |
$70,633 |
$46,700 |
$96,133 |
|
2018 |
|
|
|
|
Winter |
$71,200 |
$47,600 |
$92,950 |
|
Spring |
$75,567 |
$52,500 |
$96,400 |
|
Summer |
$81,933 |
$54,000 |
$100,500 |
|
Fall |
$81,967 |
$54,767 |
$103,967 |
|
2019 |
|
|
|
|
Winter |
$83,067 |
$52,700 |
$105,667 |
*Total – manufactured homes with more than two sections.
You can DOWNLOAD the full table here
Here is a great example of a Double-Wide Winchester Bay Model HD3068 for $96,900
Comparing Prices. New Manufactured vs New Single-Family Site-Built Homes. Cost per Foot Square
The table below outlines the average sales price and a cost per foot square between new manufactured homes and single-family site-built homes.
|
|
2014 |
2015 |
2016 |
|
New Manufactured Homes (Including typical installation cost, excluding land) |
|
|
|
|
Single-Section |
|
|
|
|
Average Sales Price |
$45,000 |
$45,600 |
$46,700 |
|
Average Square Footage |
1,115 |
1,092 |
1,075 |
|
Cost Per Square Foot |
$40,36 |
$41,76 |
$43,44 |
|
Multisection |
|
|
|
|
Average Sales Price |
$82,000 |
$86,700 |
$89,500 |
|
Average Square Footage |
1,710 |
1,713 |
1,746 |
|
Cost Per Square Foot |
$47,95 |
$50,61 |
$51,26 |
|
New Single-Family Site-Built Homes |
|
|
|
|
Average Sales Price |
$345,800 |
$360,600 |
$372,500 |
|
Less Land Price |
-$84,628 |
-$84,316 |
-$85,686 |
|
Price of Structure |
$261,172 |
$276,284 |
$286,814 |
|
Average Square Footage |
2,690 |
2,745 |
2,676 |
|
Cost Per Square Foot |
$97,10 |
$100,65 |
$107,18 |
You can DOWNLOAD the full table here
Home Values of Site-Built Homes in 2019 according to Zillow Home Value Index:
- in Arizona median list price per square foot: $161; median sale price: $291,636
- in California median list price per square foot: $321; median sale price: $549,000
- in New Mexico median list price per square foot: $140; median sale price: no data; median home value: $239,900
- in Oregon median list price per square foot: $219; median sale price: $389,000
- in Washington median list price per square foot: $241; median sale price: $416,868
The average cost per square foot for a multi-sectioned manufactured house is significantly smaller than the average cost per square foot for a single-family site-built house. It is $63,9 against $155 including installation costs for a manufactured home. Manufactured homes provide the highest quality at significantly lower prices than site-built homes.
Buying land. How much does it cost?
When buying a manufactured home you need to think of where will you put it. It can be a mobile home park or a lot that you own or going to purchase. Land values differ greatly throughout all 50 states.
Here are the b HomesDirect operates in (chart 4):
|
|
2014 |
2015 |
2016-Q1 |
Housing Codes, Regulations, and Requirements Guides |
|
AZ |
$75,197 |
$90,479 |
$100,889 |
|
|
CA |
$345,098 |
$384,779 |
$408,760 |
|
|
DC |
$686,609 |
$722,300 |
$723,227 |
|
|
NM |
$40,267 |
$43,294 |
$44,135 |
|
|
OR |
$170,831 |
$204,809 |
$230,936 |
You can DOWNLOAD the full table here
Read also: A Perfect Place to Put your Manufactured Home. Land You Own vs Mobile Home Park
Additional Costs to Consider
Utility Hookups
Electrical and telephone hookups should be discussed with the appropriate utility authorities that handle these hookups. If the manufactured home is located on an isolated property, then a substantial cost could be incurred for the hookup. Each utility can provide an estimate of the costs.
Delivery
Most manufacturers include delivery from the factory to the site if the site is within a fixed radius of miles, which in most instances is 100 miles (our internet pricing does not include delivery, setup, or sales tax). The purchaser is responsible for the expense of the additional miles beyond the radius of 100 miles as well as additional expenses necessary to deliver the home. These expenses include additional equipment and manpower required to access the installation site and place the home on the site.
Read also: Manufactured Home Delivery Process
Taxes
States and municipal governments within states establish a tax formula and a tax rate. Some states tax a manufactured home at the same rate as would be applied to a site-built home, or a stick-built home as some refer to the home constructed on-site. Some states like Florida have a tax that is similar to the license tax for a car. Local governments may add a tax, but even this tax is very low. Other states have significantly higher tax rates on manufactured homes.
Read also: Manufactured Homes Taxes and Utility Hookups
How to Finance a Manufactured Home
You can get financing for your manufactured home as easily as if you were building a home on a lot. These are the steps that you should take to prepare for the financing process:
Step 1. Interview potential financing sources
Step 2. After identifying a funding source make sure the maximum loan they are willing to make is the loan you need
Step 3. Consider actions you can take to obtain the best loan
Step 4. Do you have enough funds for the down payment?
Step 5. Determine the amount of loan you can comfortably pay back …
To see the rest of the steps and to know more read our article:
Read also: Financing Your Manufactured Home in 10 Easy Steps