Just because mobile homes are more affordable than site-built homes doesn’t mean they’re cheap — especially in Idaho. In fact, the cost of a new mobile home is more expensive in the Gem State than anywhere else in the country, according to a new report from Lending Tree, a North Carolina-based online lending marketplace. Can you guess how much one might cost? The average sales price of a new mobile home in Idaho in 2022 was $168,500. That’s an 83% increase over the price in 2017, which was $92,300, the report said. Montana and Arizona had the next highest prices, both around $160,000.
And, if you thought the cost of traditional,...
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Can you spot a problem with the facts in this article:
The average sales price of a new mobile home in Idaho in 2022 was $168,500. That’s an 83% increase over the price in 2017, which was $92,300, the report said. The cost of a new mobile home is cheapest in Kansas, Ohio and Nebraska, where the average sales price in each in 2022 was around $101,000.
Then comes a clue:
Channel said one reason the average price of a mobile home is highest in Idaho is because residents are more willing to pay a premium for “higher-end” multi-section models, like a double-wide or a triple-wide, versus a typical single-wide, than people in other parts of the country. The U.S. Census Bureau’s Manufactured Housing Shipment Survey shows that in 2022 a majority of mobile homes shipped to Idaho were larger, more expensive models.
The bottom line is that many people in Idaho buy large, fancy mobile homes to put on their personal land and NOT into mobile home parks. If you take 50% off all of these prices, then you’re recalibrated back to singlewides that go into mobile home parks.