US News and World Report recently published an article regarding the cost of purchasing a manufactured home.
The U.S. Census Bureau reports the average sale price of a new manufactured home was $88,200 in August 2020, the most recent average price available.
Compared to a traditional house built on a foundation, a manufactured home is typically more affordable. The Federal Reserve Bank of St. Louis reports the median sale price of a new house sold in August 2020 was $325,500, and prices continue to climb – in November 2020 the median sale price nationwide was $335,300.
Note that the article contains information regarding depreciation and financing which ManufacturedHomes.com believes is inaccurate, it otherwise shows the industry in a positive light.
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