Special Report

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

sorincolac / Getty Images

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

[in-text-ad]

miroslav_1 / Getty Images

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

Creative-Family / Getty Images

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

Jaimie Tuchman / Getty Images

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

[in-text-ad-2]

BlazenImages / Getty Images

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

SeanPavonePhoto / Getty Images

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

[in-text-ad]

maxmironov / Getty Images

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

JTGrafix / Getty Images

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

Davel5957 / Getty Images

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

[in-text-ad-2]

BlazenImages / Getty Images

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

f11photo / Getty Images

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

[in-text-ad]

alexeys / Getty Images

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

aoldman / Getty Images

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

Sean Pavone / Getty Images

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

[in-text-ad-2]

Adventure_Photo / Getty Images

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

ehrlif / Getty Images

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

[in-text-ad]

RudyBalasko / Getty Images

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

pabradyphoto / Getty Images

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

marchello74 / Getty Images

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

[in-text-ad-2]

Sean Pavone / Getty Images

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

Davel5957 / Getty Images

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

[in-text-ad]

ricardoreitmeyer / Getty Images

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

Ronald E Grafe / Getty Images

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

pabradyphoto / Getty Images

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

[in-text-ad-2]

Davel5957 / Getty Images

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

The #1 Thing to Do Before You Claim Social Security (Sponsor)

Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.

A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.

 

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.