Manufactured Home Prices Continue To Increase

A series of recent articles have picked up on the findings of a LendingTree analysis that found the prices of manufactured homes are increasing more than site-built homes.

The analysis found that the average sales price of new manufactured homes rose by 77.1% between 2017 and 2022 while the average sales price of new site-built, single-family homes, excluding land, rose by 46.7% over the same period. The average cost for a new manufactured home was $127,300 in 2022 while site-built homes sold for an average of $430,808.

While many of the media reports focus on the overall difference in the percentage increase between manufactured and site-built homes, in real dollars manufactured homes cost an average of $303,508 less than new single-family homes. Additionally, many of these stories have focused on luxury developments in high-cost-of-living areas that do not represent the average American homebuyer.

Despite these increases in overall costs for new manufactured homes, manufactured homes remain the most attainable type of home for prospective homebuyers across the country.