In November, the National Association of Realtors concluded that “the typical age of first-time buyers climbed to an all-time high of 40 years.” This trend underscores the increasingly vital role that manufactured homes — and manufactured home communities — can play in expanding access to homeownership.
Manufactured homes are the nation’s most affordable path to homeownership. The average price of a manufactured home is $125,000, compared to approximately $420,000 for a site-built home. The average income for buyers of manufactured homes is $60,000, compared to $135,000 for purchasers of site-built homes. In many cases, manufactured home purchasers spend less on monthly housing costs than they did as renters.
Manufactured home communities ...
