4 Ideal States for Living in a Mobile Home

Manufactured homes, also known as mobile homes for those built before June 15, 1976, provide an opportunity for homeownership to many individuals priced out of today’s costly housing market.

According to Zillow, the average home in the U.S. costs nearly $343,000, whereas the U.S. Census Bureau reports that the average new manufactured home sells for $127,300 — $86,400 for a single-wide and $158,600 for a double-wide.

HUD emphasizes that manufactured homes can be an excellent alternative for first-time and other homebuyers. Additionally, HUD, in collaboration with the FHA, offers a special program to facilitate the purchase of manufactured homes and lots.

However, as with traditional homes, the cost can vary significantly depending on the location. If you’re considering a manufactured home, the following states could offer substantial financial benefits:

Arizona

Renowned for its abundance of retirees and vacationers, Arizona boasts numerous manufactured home communities resembling upscale resorts. With its mild winters and abundant recreational opportunities, Arizona is a magnet for mobile homeowners. The average price for a mobile home in Arizona is approximately $80,000, slightly higher than Texas and Florida but still below the national average. Moreover, Arizona imposes no state income tax, rendering it a financially favorable option with a lower cost of living compared to other states.

Florida

In Florida, one in every five new homes is a manufactured home, according to the Florida Manufactured Housing Association (FMHA). The absence of state income tax in Florida, coupled with relatively low property taxes, makes it an attractive option for budget-conscious individuals. The average price for a mobile home in Florida is around $75,000, making it an affordable choice. Moreover, factory-built homes in Florida are engineered to withstand hurricane-force winds, offering safety and peace of mind to homeowners.

Michigan

The Midwest emerges as the most affordable region for new mobile homes, with Michigan offering an average cost of $109,700. Michigan stands out due to its plentiful mobile home parks, maintained by local owners, providing residents with an affordable housing option. Thanks to the economic downturn in the automotive industry, individuals can invest in mobile homes that are easy on the wallet, enabling them to transition from traditional homeownership to mobile living.

Texas

With over 556,000 manufactured homes, Texas leads the nation in mobile home ownership. The Lone Star State offers a significantly lower cost of owning a mobile home compared to other states, with an average price of approximately $65,000. Texas imposes no state income taxes and features relatively low fees for mobile home ownership, making it an appealing choice for those seeking financial savings. Despite higher initial costs, subsequent owners can acquire mobile homes at lower prices, as these homes tend to depreciate over time.

Residing in a mobile home in these states presents a financially advantageous option compared to traditional homeownership, offering affordability and potential long-term savings.