Home prices remain high across the U.S., and this has caused some buyers to explore more affordable options, such as mobile homes. However, while mobile homes are generally less expensive than traditional site-built houses, a recent study from online lending marketplace LendingTree shows that mobile home prices are actually rising faster than prices for single-family homes.
As of 2023, the average sales price of new mobile homes exceeded $124,000, while the average price of a new site-built home cost $409,872 during the same time. Between 2018 and 2023, mobile home prices increased by 58.34%, outpacing the 37.66% increase in site-built single-family home prices.
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. Read more
