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Manufactured Home Loans in Florida

Many Americans consider Florida manufactured homes an affordable entry point into homeownership, but are they worth the price?

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A couple thinking about cost of manufactured house in Florida

Manufactured homes, a modern evolution of mobile homes post-June 15, 1976, have redefined affordable housing. These homes are built in factories and transported on trailer chassis to their destinations.

Often, these structures find their homes in mobile home parks or leased land, offering a blend of mobility and stability.

However, the versatility of manufactured homes extends beyond rental spaces. Homeowners can place their manufactured homes on privately owned land or land they plan to purchase.

This flexibility offers a unique blend of homeownership and affordability, raising the question: Are these manufactured homes worth the price?

Today's manufactured homes have evolved significantly in style and material from their early predecessors. While the classic single- and double-wide models still exist, contemporary manufactured homes often feature more expansive layouts. These include multiple living and sleeping areas, attics, porches, and other amenities that enhance livability.

A notable advancement is in the realm of safety and construction standards. Modern manufactured homes adhere to stricter safety regulations and guidelines than older models, offering enhanced security and durability.

Moreover, there's a growing emphasis on sustainability in these homes. They are now built using eco-friendly materials, equipped with energy-efficient appliances, and often designed for permanent anchoring to foundations, providing stability and longevity.

Given the soaring costs of traditional housing, many Americans are turning to manufactured homes as an affordable gateway to homeownership. This shift reflects both economic necessity and these modern structures' improved quality and appeal.

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How Much Do Manufactured Homes Cost in 2024?

Manufactured homes offer a cost-effective alternative to traditional stick-built homes, providing comparable square footage at a lower cost per square foot.

To put this into perspective, the median home price in the United States was $374,900 in 2021. In contrast, the average cost of a manufactured home was around $81,700.

However, prices vary based on the manufacturer, the home's size and structure, and the region of purchase. Geographical location plays a significant role in determining the cost.

For instance, the Midwest typically offers the most affordable new prefabricated homes, while the Western states, Colorado and California, are among the priciest.

Recent data from the United States Census Bureau sheds light on the regional price variations for new prefabricated homes as of October last year:

New Single-Wide Average Sale Price:

  • Northeast: $74,000
  • Midwest: $81,000
  • South: $81,900
  • West: $85,000

New Double-Wide Average Sales Price:

  • Northeast: $138,700
  • Midwest: $132,600
  • South: $136,000
  • West: $150,400

These figures illustrate the affordability of manufactured homes, especially compared to traditional housing, making them an attractive option for homebuyers in 2024.

Factors Influencing The Price Of A Manufactured Home

A variety of factors determines the total cost of purchasing a new or used manufactured home; here's the breakdown:

Size of home

When looking at manufactured homes, it's wise to consider how much space will suit your family's needs. Manufactured houses are available in many sizes, from single to double to triple-wide.

While the smaller models cost less, larger models are expensive, and their price may even equal that of site-built houses.

Single-Wide vs. Single-Section

A single-wide manufactured home is typically less expensive than a Single-Section Home because it's smaller (600-1400 sq ft).

Single sections don't usually require great on-site work after being delivered to their locations; they usually fit easily.

According to data from the Census Bureau, new single-wide manufactured homes cost an average of $76,400 in November 2021.

Double-Wide vs. Double-Section Home

Double Wides typically cost twice as much as single Wides because they are twice bigger. According to data from the Census Bureau, new Double Wides cost an average of $139,900 in November 2021.

Double Wides arrive in two parts to be assembled on site. A few double homes come in more than two parts; however, these are rare. The greater size also allows more inside and exterior layouts modification.


A triple-wide is about three times as big as a single-wide and typically costs three times as much.

The home's age

Used manufactured homes cost significantly less than new ones. For example, you can find a decent old single-wide manufactured home for $10K to $25K.

A decent used manufactured home may only require some cosmetic work to make it look new, leaving you with an excellent budget to upgrade fixtures, appliances, etc.

Land cost

After you've decided on a manufactured home, you can buy land for it or rent a space in a nearby trailer park. Of course, your geographic area will determine how much you'll spend on either errand.

For instance, a parcel of land in California can cost up to $2.5 million, whereas a similar-sized lot can only cost you $20,000 in Arizona.

The average monthly rent cost is $380 if you decide to rent. But again, this amount varies depending on what amenities are provided.

For example, a place with swimming pools and parks costs more. Also, be careful when buying a lot held by an investment company.


The purchase price sometimes includes the cost of relocating a manufactured home to its new location. But conform with the manufacturer first before signing the contract.

If transportation is not provided, you will have to do it yourself, and typically, it costs between $1k and $5k to deliver within a 100-mile radius and $6.00 to $15.00 for each additional mile.

Another delivery expense is the cost of an escort to protect your house on the road. Usually, people pay trucks to display "wide load" placards to warn passing cars. These also charge per mile between $1.00 and $2.00.


The cost of a foundation varies considerably based on the kind, materials utilized, and features such as basements, crawl spaces, etc.

The typical cost is between $4,500 and $12K, although it can go much higher based on the structural complexity, materials, soil, climate, etc.

The advantages of permanent foundations for manufactured homes include expanding storage and living spaces using basements, pest prevention, minimizing structural problems, and helping the house keep its value.

You also won't be able to get a mortgage for a manufactured home unless it's erected on a foundation and designated as real estate rather than a "vehicle."

Depending on your state or county, local building codes may require your home to be built on a foundation. Before buying a manufactured home, it's always wise to check local regulations, construction, and zoning codes.

Zoning Codes

Depending on the land you want to install your manufactured home, you may need:

  • Physical access to it
  • Soil Grading to ensure the ground is stable
  • Proper foundation to match the soil class
  • Building permits
  • Septic, drainage, electrical, dryer vent discharge, and other utility connections
  • Proper site preparation
  • Perimeter enclosure
  • applicable city and school district fees
  • Zoning

You can escape some zoning requirements by acquiring a lot in a manufactured home park.

However, most manufactured home community parks charge homeowners association fees to provide access to neighborhood amenities like recreational facilities and landscaping, among other things.

HOA fees start from $100 to $300 and above.


Manufactured home taxes vary by state, locality, home classification, and whether or not you own the lot it's installed on.

Generally, manufactured homes classified as real property are taxed like site-built homes, although rates may differ slightly. On the other hand, manufactured properties that fall in the personal property category are taxed according to local personal property tax laws.

In many locations, you need to own the ground on which the home is installed and place it on a solid foundation to be considered a real estate property.

Because manufactured homes typically degrade, this could help keep their worth. Of course, depending on your state, you may have to pay tax on the land.

On the other hand, leasing a lot for your home in a manufactured home community park means the person in charge of the park is the one who handles tax matters. But they will put this tax cost in your monthly rent.


Any home, a traditional brick-and-stone or a manufactured home, is a substantial investment. If you don't get homeowners' insurance, you may incur deep financial setbacks when disasters such as fires, windstorms, theft, and vandalism happen.

But manufactured homes are slightly more expensive to insure than standard stick-built homes because of the increased risk of fire and wind damage.

Fire spreads quickly in manufactured homes because of insufficient insulation and small spaces. Insufficient insulation also increases the risk of frozen pipes and home water damage.


Utility costs vary based on where you are. After purchasing a manufactured home, you must worry about basic utilities such as cable, internet, power, sewage, and water. If some of these utilities require the construction of structures, you may need to obtain permits.

Permits can significantly add to a manufactured home purchase budget, especially if the area hasn't seen any construction before. Always work with someone familiar with your local area building and construction codes.

You may also be able to avoid permits by installing your home on a lot in a manufactured home community where the amenities have already been laid.


There are numerous options for unique fittings and layouts in mobile homes, just as with site-built homes. There are various features to add, from custom roofing, fireplaces, and bathrooms to surround systems, porches, and decks.

Many retailers sell blueprints with a variety of layout options. Customizations can significantly increase your budget depending on how far you want to go. Always work with a realtor familiar with such features and their cost.

What To Keep In Mind About Manufactured Homes?

Manufactured houses provide flexibility and affordability to homebuyers, especially in these times of skyrocketing prices for traditional homes.

However, before you punch this seemingly golden ticket to low-cost homeownership, keep the following things in mind:

Manufactured home standards

The manufactured house you wish to buy must fulfill government regulations to qualify for a traditional conforming mortgage or a government-guaranteed loan.

The Housing and Urban Development Department defines a manufactured home as a transportable single-family residence of one or more parts erected on a solid chassis that may or may not have a permanent foundation.

All manufactured homes must display two stickers on their exteriors confirming compliance with HUD's Manufactured Home Construction and Safety Standards. Any home built before 1976 does not match HUD's current requirements.

If you're considering buying a manufactured house, get pre-approved before going house hunting. Your lender should be able to inform you which mortgage programs suit your profile and the property restrictions you should be aware of during your search.

The type of ownership differs

Some manufactured homes are considered "real property" and taxed as real estate.

These are installed on land their owners own, have permanent foundations, and property deeds. On the other hand, manufactured homes installed on rented lots are titled "vehicles."

Don't forget the inspection

Just because it's not a traditional stick-built home doesn't mean you ignore inspections when purchasing. An introductory four-point survey will provide essential details about a manufactured home in most cases.

It assures that the roof, power, plumbing, heating, and air conditioning are working properly. Tour the home yourself also to check the condition it's in.

Consider giving it a permanent foundation

While real estate appreciates as time progresses, the value of a manufactured house depreciates with time, much like the value of a car.

This can be helped by installing these homes on permanent foundations and following proper maintenance and care routines to help them keep their value.

Not all mobile home parks are bad

Mobile home neighborhoods have a horrible image of being unappealing places to live. However, as previously said, many mobile home communities include amenities such as swimming pools, clubhouses, and basketball and tennis courts.

Some are even posher than traditional housing neighborhoods, allowing residents to enjoy serious luxury for far less.

For example, Paradise Cove Mobile Home Park allows residents to enjoy the beautiful California beach without paying $10 million for a traditional home.

Consider local climate

Tornado-prone places are risky for mobile homes. According to several studies, more than 40 percent of tornado fatalities occur in mobile or prefabricated houses. Keep in mind your state's climate before purchasing a manufactured home.

The same goes for fire-prone areas like certain sections of California. Such weather and natural temperaments make living in a mobile home dangerous and significantly increase property insurance.

A mobile house may provide a higher quality of life

Everyone has unique financial situations, but manufactured homes are typically less expensive than traditional residences, leaving you with extra cash to travel or save for a proper home or retirement.

Also, manufactured homes are cheaper to maintain than traditional homes because they don't occupy a much footprint. Plus, just because the structures are factory-built doesn't require special contractors.

Any qualified tradesperson can conduct repairs, fixes, or installations on manufactured homes. Plus, it's always wise to let the professionals handle the customizations and fixtures installation if you are unsure what to do; otherwise, you could reduce your home's value with sub-par customizations.

Is it more difficult to purchase a manufactured home?

Purchasing a factory-built house can sometimes be more complicated than purchasing a traditional house; this is often the case when you must work with contractors and city inspectors to ensure your home is up to standard.

Even though manufactured homes fulfill the same functions as stick-built homes, most only come with 30-year manufacturer warranties, making them tough to finance. Most lenders are accustomed to properties with no 'shelf life' or when they are constructed.

The credit score criteria for purchasing a manufactured home are often more significant than for purchasing a regular home.

As a result, not every lender is willing to finance manufactured homes. Those who do may require buyers to meet more stringent qualifications.

Also, when assessing a borrower's DTI for loan approval, most lenders predict costlier interest rates and homeowners' insurance premiums, leading to lower loan amounts.

Also, some lenders opt to finance double-wide or larger mobile houses only, thus leaving out buyers of smaller units.

If you're looking for a manufactured house, look for outside HUD labels and an internal HUD plate. These documents confirm that the structure was built according to HUD specifications and offer its year, serial number, make, and all required for loan approval.

So, Are Manufactured Homes Worth the Price?

Manufactured homes have come a long way, offering enhanced livability, safety, and sustainability. The question remains: do these benefits justify their cost for potential homeowners?

Firstly, manufactured homes' evolution in design and structure cannot be overstated. With expansive layouts, energy-efficient appliances, and adherence to stringent safety standards, they represent a significant leap from their predecessors. These features cater to modern living needs while also considering long-term environmental impacts.

Cost-wise, manufactured homes present a stark contrast to traditional housing. While the average cost of a stick-built home was $374,900 in 2021, a manufactured home cost about $81,700.

This affordability is a compelling argument for those who find traditional homeownership financially out of reach. Moreover, the regional price variations offer flexibility for buyers with different budgets and preferences.

However, the total cost of owning a manufactured home extends beyond its sticker price. Potential buyers must consider additional expenses such as land cost, delivery, foundation, and zoning codes, which can add significantly to the overall investment. These factors necessitate careful financial planning and consideration of long-term implications.

Regarding investment, it's important to note that while traditional homes typically appreciate in value, manufactured homes can depreciate like vehicles. This aspect might affect their long-term financial viability. Nonetheless, placing these homes on permanent foundations and ensuring proper maintenance can somewhat mitigate this depreciation.

Community and location are other vital considerations. While some manufactured home parks offer luxurious amenities, others may not match up to these standards. The local climate and susceptibility to natural disasters like tornadoes or fires also play a crucial role in deciding the suitability of a manufactured home in a particular area.

Lastly, purchasing a manufactured home, from financing to customization, demands a different approach than traditional home buying. The varying lender requirements and the need to comply with HUD standards add complexity to the buying process.

In conclusion, manufactured homes in 2024 offer a viable and affordable route to homeownership, especially in the face of escalating traditional housing costs. They are worth considering for those who value affordability, flexibility, and modern amenities.

However, prospective buyers must carefully evaluate the total costs, location suitability, and long-term investment. As with any significant purchase, it's about balancing desires, needs, and financial realities to make the best choice for your individual circumstances.

Bottom Line

There are many intricacies to purchasing a manufactured home. Typically, the factory price tag of manufactured homes is less than that of building your own home.

Beyond the price of the structure, there are other expenses to consider, such as the cost of land, delivery, permits, foundation, taxes, insurance, and customization.

However, depending on your locality and how far you want to take various home-related projects, the eventual cost of your manufactured home may not differ much from that of a traditional home.

You may avoid the cost of buying land and installing utilities by renting a space in a mobile home park. But mobile home parks come with homeowner's association fees and charge varying rents depending on the type of amenities available.

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