Manufactured Home Stats, Facts, Surveys, Reviews, Findings and Preferences
Today’s manufactured housing can deliver outstanding quality and performance at prices that are up to 50 percent less per square foot than conventional site-built homes. These savings allow more and more Americans to own their own home, even in the face of an ever widening housing affordability gap
The following are tidbits of information compiled from customer surveys and industry facts that over the last few years that support manufactured home ownership.
Sources: MHI – Institute for Building Technology – American Community Survey – U.S. Census Bureau – HUD Manufactured Housing Survey – U.S. Bureau Labor Statistics – Consumer Research – Datacomp – Lending Tree –
General Profile
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- More than 21 million people live in approximately 8.4 million manufactured/mobile homes.
- 9% of new single-family homes start.
- 8.4 million manufactured homes.
Manufactured Home Communities
- 43,000 + land-lease communities.
- 4.3 million estimated home sites in communities
- 4.2% average annual site rent increase.
- 51% of new manufactured homes are placed in communities.
Resident Satisfaction
- 71% residents cite affordability as a key driver in choosing manufactured housing.
- 90% of residents are satisfied with their homes.
Affordable Homeownership-Manufactured Homes
- Appreciation. Manufactured Homes median value increased 39% compared with 33% for site-built homes (without land).
- Manufactured home average cost $108,100. $72,21 per square foot.
- Average price of single section: $72,600 – Multi-section: $132,000
Site-Built Homes
- Site- Built Homes: Average cost $365,904 – $143.83 per square foot.
The following research revisits MHI’s consumer research from 2018 while also expanding on the original study to include those that live in manufactured homes and communities. Key results of survey includes;
- Manufactured home residents have very positive impressions on their experiences. Overall 81% of manufactured homeowners report a “very positive” or “positive” overall feelings about their home.
- 71% of residents report that they are “extremely” or “very” satisfied with their home. For owners who purchased a new home, satisfaction increases to 85%. A strong majority of manufactured homeowners said they are likely to recommend manufactured homes to others.
- For residents of land-lease communities, 72% of those in 55+ communities are extremely satisfied with their community, for all-age communities, satisfaction is 56%.
- 82% of residents in a 55+ community are extremely likely to recommend living in a manufactured home; and 69% of residents in all-age communities are likely to recommend living in manufactured homes.
- For manufactured home considered, the top features that drive purchasing decisions are affordability (70%), energy efficiency (53%), and outdoor space (45%).
