This State Has the Cheapest Mobile Homes in America

By Douglas A. McIntyre Published Feb 4, 1:00PM EST

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This State Has the Cheapest Mobile Homes in America — © Tiago_Fernandez / iStock Editorial via Getty Images

Mobile homes are often built for and bought by people who cannot afford to buy a house or a condominium. They cost a fraction of the price of a single-family home. For decades, they have been used by people who wanted to travel. More recently, they have become permanent structures.

While less expensive than houses, mobile homes are usually smaller. In most cases, they cost well under $100,000. The state with the cheapest mobile homes is Nebraska.

To find the 25 states with the cheapest mobile homes, 24/7 Wall St. reviewed online lending marketplace LendingTree’s “Mobile Home Values Are Rising Faster Than Single-Family Home Values — Here’s Where They’re the Most, Least Expensive” study. LendingTree used Census Bureau data to determine the price differences between mobile homes and single-family homes.

The national median value of a mobile home is $53,300, which compares to a median value of almost $245,000 for a single-family home. Still, you can buy a home for under $100,000 in these American cities.

Commenting on the difference of price, LendingTree’s senior economic analyst and report author, Jacob Channel, said, “Though there may be a stigma associated with them, mobile homes can be a beneficial housing alternative. Especially to lower income borrowers in today’s hot housing market.”

The study found that in 27 states, the value of mobile homes has outpaced single-family homes over the past five years. The period measured was 2014 to 2019. (On the other hand, this is the city where people are making the most money selling homes.)

The state with the lowest median home price was Nebraska at $21,800. That compared to a median value of $172,700 for a single-family home. Next on the list for least expensive mobile homes by state were Iowa and Ohio.

Only one state had a median mobile home price of over $100,000 — Washington. The median mobile home price In the state was $125,400, compared to the single-family home median of $387,600

Click here to see which state has the cheapest mobile homes in America

25. Alaska
> Median mobile home value: $49,900
> Median single-family home value: $281,200

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24. Montana
> Median mobile home value: $49,300
> Median single-family home value: $253,600

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23. New Jersey
> Median mobile home value: $48,600
> Median single-family home value: $348,800

22. Louisiana
> Median mobile home value: $48,300
> Median single-family home value: $172,100

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21. Arkansas
> Median mobile home value: $47,500
> Median single-family home value: $136,200

20. Virginia
> Median mobile home value: $45,500
> Median single-family home value: $288,800

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19. Mississippi
> Median mobile home value: $45,000
> Median single-family home value: $128,200

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18. Missouri
> Median mobile home value: $43,000
> Median single-family home value: $168,000

17. Maryland
> Median mobile home value: $41,700
> Median single-family home value: $332,500

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16. Alabama
> Median mobile home value: $41,400
> Median single-family home value: $154,000

15. Pennsylvania
> Median mobile home value: $40,300
> Median single-family home value: $192,600

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14. Kentucky
> Median mobile home value: $38,400
> Median single-family home value: $151,700

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13. Wyoming
> Median mobile home value: $37,000
> Median single-family home value: $235,200

12. West Virginia
> Median mobile home value: $35,300
> Median single-family home value: $124,600

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11. Utah
> Median mobile home value: $32,800
> Median single-family home value: $330,300

10. Michigan
> Median mobile home value: $32,400
> Median single-family home value: $169,600

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9. Minnesota
> Median mobile home value: $31,200
> Median single-family home value: $246,700

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8. South Dakota
> Median mobile home value: $31,100
> Median single-family home value: $185,000

7. Illinois
> Median mobile home value: $30,600
> Median single-family home value: $209,100

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6. Wisconsin
> Median mobile home value: $29,600
> Median single-family home value: $197,200

5. Indiana
> Median mobile home value: $29,200
> Median single-family home value: $156,000

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4. Kansas
> Median mobile home value: $25,400
> Median single-family home value: $163,200

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3. Ohio
> Median mobile home value: $24,900
> Median single-family home value: $157,200

2. Iowa
> Median mobile home value: $23,300
> Median single-family home value: $158,900

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1. Nebraska
> Median mobile home value: $21,800
> Median single-family home value: $172,700

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.