Manufactured Home Prices Rising Faster Than Site-Built Home Prices: LendingTree

(Illustration courtesy of LendingTree)

The average sales price of new manufactured homes rose by 58% between 2018 and 2023, compared to a 37% increase for new site-built single-family homes (excluding land), according to LendingTree, Charlotte, N.C.

New manufactured homes sold in the U.S. currently cost $124,300, on average, LendingTree said in a new analysis. Manufactured homes are considerably cheaper than their site-built counterparts. As of 2023, the average sales price of new single-family homes was $409,872.

“Our newest analysis of U.S. Department of Housing and Urban Development and U.S. Census Bureau data finds that the average sales price of new mobile homes in the U.S. easily tops six figures,” LendingTree Senior Economist Jacob Channel said. “In addition, our analysis finds that the sales price of new mobile homes rose faster than the sales price of new site-built, single-family homes between 2018 and 2023.”

Though the long-term price trend is upward, the average sales price of new manufactured homes in the U.S. fell slightly from 2022 to 2023, the report said. In this period, the average sales price of new manufactured homes fell 2.36%. “Mobile home prices can be volatile, so we’ll need more time before saying if this decline is the start of a new trend,” Channel noted.

LendingTree said new manufactured homes sell for the most money, on average, in Washington, California and Arizona, where average sales prices are $164,100, $154,500 and $148,800, respectively. New manufactured homes sell for the least in Indiana, Wyoming and Ohio. In these states, new manufactured homes sell for an average of $103,000, $106,600 and $106,900, respectively, the analysis found.