![Mobile Home Prices Are Rising Faster Than Single-Family Home Prices [New LendingTree Study]](https://realtytimes.com/images/k2/7aadc7df70780e8e74bb225258739210.jpg)
Though home prices have come down in some areas, they remain steep across the U.S.
In the face of such expensive real estate, many would-be buyers may consider more affordable options like mobile homes. But just because mobile homes are typically less expensive than more traditional site-built, single-family housing, it doesn’t mean they’re cheap. On the contrary, our newest analysis of housing data finds that the average sales price of new mobile homes in the U.S. easily tops six figures. Here's what else we found.
- The average sales price of new mobile homes sold in the U.S. rose by 58.34% between 2018 and 2023. In contrast, the average sales price of new site-built, single-family homes (excluding land) rose by 37.66% over the same period.
- New mobile homes sold in the U.S. cost $124,300, on average. As of 2023, the average sales price of new single-family homes was $409,872.
- The average sales price of new mobile homes in the U.S. fell slightly from 2022 to 2023. In this period, the average sales price of new mobile homes fell 2.36% from $127,300.
- New mobile homes sell for the most money, on average, in Washington, California and Arizona. The average sales price of new mobile homes in these states is $164,100, $154,500 and $148,800, respectively.
- New mobile homes sell for the least in Indiana, Wyoming and Ohio. In these states, new mobile homes sell for an average of $103,000, $106,600 and $106,900, respectively.
You can check out the full report here: https://www.lendingtree.com/home/mortgage/mobile-home-values-study/
LendingTree's Senior Economist and report author, Jacob Channel, had this to say:
"In many ways, rising mobile home prices across the United States are a cause for concern. After all, as prices rise, mobile homes become more and more unaffordable for the people most likely to seek them out. That said, mobile homes typically remain considerably cheaper than their single-family, site-built counterparts."
