Data Found that “Mobile Home” Values Nationwide Appreciate Almost as Quickly as Site-Built Homes

Lending Tree analyzed data from the U.S. Census Bureau’s 2021 American Survey to compare the median value of mobile homes and single-family homes in all states, excluding Hawaii. A recent study found that mobile home values nationwide appreciated in value almost as quickly as single-family homes over the five years from 2016 to 2021. 

Key Findings:

• The median value of a mobile home nationally is $61,400, $220,00 less than the median value of a single-family home. Though mobile homes remain considerably less expensive than single-family homes, median mobile home values across the nation increased by an average of 34.58% from 2016 to 2021 – nearly the same as the average increase of 35.44% for single-family homes.

• Mobile homes cost the least in Kansas, Ohio, and Iowa. In these states, the median value of a mobile home is $29,000 or less. To put that into perspective, the median value of a single-family home in each of these states is at least $174,000.

• Mobile homes cost the most in Washington, Nevada, Oregon, and California. The median values for mobile homes in these four states are $146,500, $114,000, $113,500, and $110,000, respectively. These are the only states where median values exceed $100,000.

• The difference in price between mobile and single-family homes is the largest in California, Colorado, and Massachusetts. In these three states, median-priced mobile homes cost $537,900, $404,000, and $390,300 less, respectively, than median-priced single-family homes. On the other end of the spectrum, the differences in median prices in West Virginia, Oklahoma, and Mississippi are all less than $105,000.

• The median value of mobile homes rose most significantly over the five years between 2016 and 2021 in Rhode Island, Nebraska, and Idaho. In these states, median mobile home values have more than doubled, increasing an average of 110.82% from 2016 to 2021. For comparison, median single-family home values across these states only appreciated by an average of 57.95% over the same period.
• Median mobile home values increased the least in Vermont, Alaska, North Dakota, and New Jersey. Respective increases of 2.28%, 4.13%, 7.33%, and 9.11% make these the only states where median home values increased by less than 10%.

States where mobile homes are the most expensive

No 1: Washington

• The median value of a mobile home: $146,500
• The median value of a single-family home: $485,700

No 2: Nevada

• The median value of a mobile home: $114,000
• The median value of a single-family home: $373,000

No.3: Oregon

• The median value of a mobile home: $113,500
• The median value of a single-family home: $422,700

States where mobile homes are the least expensive

No. 1: Kansas

• The median value of a mobile home: $28,300
• The median value of a single-family home: $183,800

No. 2: Ohio

• The median value of a mobile home: $28,500
• The median value of a single-family home: $180,200

No. 3: Iowa

• The median value of a mobile home: $29,000
• The median value of a single-family home: $174,400