Today, most people would be hard pressed to tell the difference between a manufactured home and a site-built home. Manufactured homes now come with landscaped lawns and garages. An estimated 20 million Americans live in mobile / manufactured homes. What do they know that the rest of us don’t?
Manufactured housing is an affordable option for Americans to purchase their own homes. Manufactured homes can cost an average of $62,600, compared with $272,200 for a single-family site-built home [source: U.S. Census Bureau].
The middle class loves manufactured homes. According to ManufacturedHousing.org, median annual income for those living in a manufactured home is $34,700. Twenty-four percent of all households, however, bring home $50,000 or more each year. In addition, the average household size is 2.7 people.
Mobile / manufactured homes are not your granddad’s mobile homes. Some of the designs are even elaborate.