From the NewsHighlights

Mobile Home Values Soar

The sales prices of new mobile homes rose much higher than those of traditional, stick-built houses, according to a recent report from LendingTree. The online financial services marketplace found that the average sales price of mobile homes shot up 77.1% between 2017 and 2022, compared with 46.7% for single-family homes (excluding the land).

“Because single-family home prices are so high, some buyers are increasingly turning to mobile homes,” says Jacob Channel, senior economic analyst at LendingTree. “If costs continue to increase at the current rate, one of the most popular forms of affordable housing may no longer be [affordable] in the long term. In some cases, they are already out of reach.”

Which states have the highest- and lowest-priced mobile homes? You can read the original article to find out as well as find additional information about pros and cons of mobile homes. Find it here

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