Mobile homes, also known as manufactured homes, are becoming a popular housing option due to their affordability. These homes are built in a factory and then transported to a site where they are assembled and installed.
In this blog, we will explore some mobile home facts for 2023 to help you better understand this housing option.
1. The first mobile home can be traced back to the 1500s
Mobile homes have a long history, dating back to the 1500s. The modern version, known as trailer coaches, was introduced in 1926 as a temporary living option for camping trips.
Demand for mobile homes increased after World War II as returning veterans needed affordable housing solutions. These homes were popular because they were cheap and could be easily transported.
2. Over 22 million people in the US live in mobile homes
Manufactured housing is a widespread and affordable housing option in the U.S., with over 22 million folks calling them home.
Modern mobile home communities look like traditional neighborhoods, and newer mobile homes have a similar appearance to conventional single-family homes.
3. Texas has the most mobile homes and the most mobile home production plants in the US
Based on a study, Texas has the most mobile homes in the United States at 137,460. Florida and Louisiana have the second- and third-highest numbers of mobile homes, with 50,761 and 46,381, respectively. Additionally, Texas has the most mobile home production plants, with 20 facilities operating within the state.
4. Mobile homes are typically less expensive than traditional stick-built homes
One of the main reasons people choose mobile homes is because they’re generally more affordable than traditional, stick-built homes.
For example, the average price of new manufactured home in the US in 2021 is $123,200 compared to $453,700 for traditional stick-built homes.
5. Mobile homes are typically smaller than traditional homes
In 2018, the average size of a mobile home in the United States was 1,184 sq. ft., according to Statista.
6. Mobile homes are built to specific standards
Mobile homes are built to specific standards by the U.S. Department of Housing and Urban Development (HUD). These standards ensure that they are safe and durable.
The HUD Code covers everything from the home’s structural integrity to the quality of its heating and cooling systems. Mobile homes that meet these standards are often referred to as “HUD-certified” or “HUD-code homes.”
7. Mobile homes can be placed in a variety of locations
Many people choose to set up their mobile homes in a mobile home park or community. This makes mobile homes a flexible choice for those who want a home in a specific area.
If you’re looking for a mobile home park in Bakersfield, CA, consider Smoke Tree Mobile Estates. We offer clean, well-maintained living spaces and convenient access to shopping and Highway 99.
8. Mobile homes can be customized
Mobile homes can be customized to meet the needs and preferences of the homeowner. Many mobile home manufacturers offer a range of floor plans and features that can be tailored to your needs. This means that you can choose the size and layout of your home, as well as features such as appliances, flooring, and fixtures.
9. Mobile homes can be a good option for first-time homebuyers
Mobile homes can be a good option for first-time homebuyers, particularly those on a tight budget, due to their lower cost. Mobile homes also require less maintenance and upkeep than traditional homes, benefiting those new to homeownership.
10. Mobile homes depreciate over time
Like any other type of property, mobile homes depreciate, and their value decreases with age. Depreciation rate varies based on factors such as the home’s age, condition, location, and local housing demand.
11. Financing options for mobile homes are different from traditional homes
Financing for mobile homes may be different from traditional homes, and it may be harder to obtain a mortgage. As a result, alternative financing options, like personal loans or seller financing, are often used for mobile home purchases.
12. Mobile homes may have different insurance requirements
Insurance requirements for mobile homes may vary based on location and type. Some mobile homes may require insurance coverage similar to a traditional home, while others may have different requirements. Check with your insurance provider to understand your potential coverage requirements.
13. Mobile homes may have different tax implications
Some mobile homes may be considered personal property and subject to personal property taxes. In contrast, others may be regarded as real property and subject to real estate taxes. You should understand your mobile home’s tax implications and consult a professional to know how much you should pay.
14. Mobile homes can be a good choice for those looking for a second home
Mobile homes can also be a good choice for those looking for a second home, such as a vacation house or a place to retire, due to their affordability.
15. Mobile homes can last forever as long as you care for them, like any type of home
The average lifespan of a mobile home was previously thought to be around 55.8 years, according to a study from the Manufactured Housing Institute in 1990.
However, with proper maintenance and care, mobile homes can potentially last indefinitely, similar to traditional site-built homes.
In 2018, a Federal Housing Finance Agency report found that manufactured homes can hold value well over time.
Mobile Home Facts Summary
Mobile homes are becoming an increasingly popular and affordable housing option in the United States, with over 22 million people currently living in them. It’s important to research local regulations, laws, taxes, and restrictions before purchasing a mobile home.
Smoke Tree Mobile Home Park in Bakersfield offers affordable mobile homes for sale and has amenities for comfortable, convenient living. Call us at (661) 831-6154 or send us a message to learn more.