Manufactured and Modular Homes Outpace Stick Built

Manufactured and Modular homes continue to outpace stick built homes in appreciation.

As reported in Newsweek, Mobile homes have become unexpected hot commodities in U.S. real estate market, particularly in Wyoming, Illinois, Kentucky and Mississippi, where values have more than doubled since 2017.

Amid an ongoing housing affordability crisis, mobile homes are becoming a rapidly appreciating asset, even outpacing the value increase of traditional homes. A LendingTree report spotlighted a 77.1 percent average increase in mobile home values nationwide from 2017 to 2022, while single-family home values increased 46.7 percent, excluding land, over the same period.

Wyoming led the pack at a 127.6 percent increase in mobile home value since 2017. Illinois follows closely with a 110.1 percent jump, and Kentucky and Mississippi had surges of 107.3 percent and 103.7 percent, respectively.

These newer mobile homes, also known as manufactured homes, are permanent residential structures that are pre-assembled in a factory setting and then positioned on a designated lot. Typically linked with the classic trailer home lifestyle, modern mobile homes now offer a level of permanence and stability comparable to houses constructed on-site with foundations.

The increase in mobile home values comes at a time when the typical American household needs an annual income of around $115,000 to afford a median-priced home, which, according to Wisevoter, is roughly $47,000 more than the typical household earns. The figure is much higher in urban centers, with cities like San Francisco requiring incomes upwards of $400,000 to afford a home.

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