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For many Americans, achieving the dream of homeownership can feel increasingly out of reach. Rising construction costs and a competitive traditional housing market have pushed affordability to the forefront of the conversation. Enter manufactured homes, a sector experiencing steady growth and offering a compelling value proposition.

In 2019, the national average selling price for new manufactured homes reached $75,747, according to industry reports. This figure represents a 4.09% increase from the previous year. While a price increase might seem counterintuitive, it’s important to consider the context. Compared to traditional site-built homes, manufactured housing remains significantly more affordable.

The true advantage of manufactured homes becomes evident when we look at the bigger picture. The median sales price of new, site-built single-family homes in the United States often surpasses $300,000. This vast difference highlights the significant cost savings associated with manufactured housing.

Affordability Takes Center Stage

The 2019 price increase for manufactured homes shouldn’t overshadow the core value these dwellings offer. Even with a slight rise, manufactured homes remain a budget-friendly option for first-time homebuyers, retirees, and anyone seeking an economical path to homeownership.

Furthermore, the pre-owned manufactured home market paints an even more attractive picture. In 2019, the average selling price for pre-owned manufactured homes stood at $46,173, reflecting a substantial 9.8% increase from the prior year. This significant jump indicates a growing demand for affordable housing options, with pre-owned manufactured homes emerging as a viable solution.

Beyond the Price Tag: Value and Quality

The affordability of manufactured homes is just one facet of their appeal. Modern manufactured homes  are built to meet strict federal building codes,  ensuring quality and durability. They come in a wide variety of styles, sizes, and floor plans, catering to diverse needs and preferences.

Many modern manufactured homes boast features comparable to traditional site-built homes, including energy-efficient appliances, spacious layouts, and modern amenities. Additionally, manufactured homes can appreciate in value over time, particularly in well-maintained communities.

Considering Manufactured Homes? Here’s What to Know

If you’re considering a manufactured home, it’s crucial to do your research. Look for reputable manufacturers and dealers who offer quality construction and transparent pricing. Financing options are readily available for manufactured homes, so explore lenders specializing in this market segment.

The location of your manufactured home also plays a significant role. Consider established communities with amenities that suit your lifestyle and research any potential restrictions or fees associated with the community.

Manufactured Homes: A Viable Path to Homeownership

The 2019 trends in manufactured home pricing solidify their position as a viable path to homeownership. With affordability, quality, and variety on their side, manufactured homes are a compelling option for budget-conscious buyers seeking a comfortable and stylish living space. By understanding the market and conducting thorough research, you can make an informed decision about whether a manufactured home is the right fit for you.

Printed with permission from The MHP Exchange.To read the original article, please visit wma.org/MHPexchange.