Manufactured homes answer housing market woes
- Manufactured, or mobile, homes are growing in popularity in an overheated housing market.
- Their cost is roughly half that of homes built on a permanent site.
- From 2014-2019, the median value of manufactured homes rose at a faster clip in 27 states than the median value of single-family homes.
Chesney Cross, and her husband, Ken, began hunting for a new home in the Knoxville, Tennessee-area just as the pandemic began upending the housing market.
After a year of searching, the couple were unable to find anything that fit their $250,000 budget.
“Everything was selling super quickly and above what we wanted to spend,” says Chesney, 33. “We couldn’t find anything that wasn’t a giant fixer-upper.”
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