A new report form LendingTree found that while mobile homes are generally far less expensive than their single-family counterparts, their values appreciated as quickly as single-family homes. They got their conclusion by analyzing data from the 2021 American Community Survey in which they compared the median value of mobile homes and single-family homes in each of the nation’s states (except Hawaii) from 2016-2021.
Some key findings:
- The median value of a mobile home nationally is $61,400, $220,000 less than the median value of a single-family home.
- Mobile homes cost the least in Kansas, Ohio and Iowa.
- Mobile homes cost the most in Washington, Nevada, Oregon and California.
- The difference in price between mobile and single-family homes is the largest in California, Colorado and Massachusetts.
Click here to read the full report at LendingTree.