Manufactured housing offers an affordable housing option for many Americans, but mobile homes — and land rents — are going up in cost.
Sale prices for mobile homes — historically a major source of affordable housing in the United States — are rising much faster than other types of homes, reports Jason Ma in Fortune.
“According to a study from LendingTree earlier this month, the average sale price of new mobile homes, or manufactured homes, jumped 58.3% between 2018 and 2023.” In Kansas, prices went up by 84.9 percent. The average sale price of other types of single-family homes rose by 37.7 percent in the same time frame.
Although manufactured homes have been a steady source of affordable housing for decades, social stigma and prohibitive zoning regulations often keep them out of many neighborhoods. “Experts believe manufactured homes could be a solution to the housing crisis if federal law is amended to boost their appeal.”
Read the full story: One of the last affordable options in the housing crisis has seen prices soar faster than new homes, study says
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