Why do mobile homes feel cheap?

There are a few reasons behind the affordability of mobile homes: Mobile homes are built in factories, allowing for economies of scale and reduced labor costs . They come with basic amenities, which can keep the overall cost lower. Materials used for construction tend to be less expensive.

Can you make money investing in mobile homes?

A real estate investor who likes to think outside the box can find a good source of passive income from becoming a mobile home investor, specifically through mobile home park investing . There are unique benefits to owning mobile home communities as an investment property.

Why do mobile homes have a bad reputation?

The term “manufactured housing” often comes with negative connotations: poorly maintained homes, sub-par quality, and aesthetically unappealing . This unfavorable stereotyping belies the fact that today's HUD Code manufactured homes are not unlike the ugly duckling flourishing to a refined adulthood.

How much should you spend on a mobile home?

Manufactured home cost factors Factor Average cost* Double-wide unit $116,000 – $150,000 Full-service delivery $4,000 – $10,000 Site prep (including pouring a foundation) $7,000 – $47,000 Installing a well and septic system $6,000 – $20,000 3 more rows Sep 8, 2023

Is there money in flipping mobile homes?

Due to the lower upfront costs and faster-flipping timelines, mobile homes can offer a higher return on investment (ROI) than single-family homes . So, if you're looking for a lucrative endeavor in the real estate sector, mobile homes can be a great way to boost your financial success in the flipping game.

Do mobile homes have good resale value?

Manufactured homes may not hold value like traditional homes but may keep it better than other assets, such as vehicles . The value depends on the housing market, price and age of the house, inflation rate, maintenance and upkeep and other factors.

Are mobile homes good for cash flow?

Mobile homes present a great opportunity to generate impressive cash flows from a relatively small investment . With the potential for strong returns, flexibility, and high demand, this niche deserves serious consideration.

What is the downside to buying a manufactured home?

Placement limitations : Some communities restrict where manufactured homes can be placed. Depreciation: Manufactured homes on leased land are considered personal property, not real estate. They tend to depreciate over time, while traditional homes generally appreciate in value.

What does Dave Ramsey say about buying a mobile home?

There's nothing wrong with renting an apartment for a while. When you pay out rent, that's all you're losing in the deal. But when you buy a mobile home, you're losing out with the payments and you're losing money every day as the thing goes down in value . That's why I tell people not to buy mobile homes!

How much do most mobile homes cost?

The most common sizes range from 1,300 to 1,800 square feet. Average prices for this size are about $107,000 . Triple-wide: These homes have a maximum of 3,000 square feet. The average cost of a new mobile home of this size ranges up to $250,000.

What are the cons of living in a trailer park?

Living In a Trailer Park: Cons There are often rules regarding parking, entertaining guests, and lawn care . If someone chooses not to follow them, they can face eviction. If that happens, you'd have to either sell your mobile home or hire a company to move it out of the park.

10 Great Craigslist Mobile Homes for Sale (2024)

As you probably know, I love home tours and browsing through real estate sites. I especially enjoy scrolling through Craigslist for mobile homes for sale. You’ll find makes and models in every condition and every price range.

These are my favorite Craigslist mobile homes in parks this month. Keep in mind that affordable homes tend to sell quickly so the ad may have been removed since we published the article.

1982Single Wide in Roanoke, Virginia for $11,500

This 1982 Colony single wide sits in a 55+ community where lot rent is $230 per month (and that includes your water and sewage). It is 14′ x 70′ with 2 bedrooms and 2 full baths andhas been completely remodeled.

The park is beautiful and the home is right beside a2-acre lake. Home has been sold.

I hope I canbe fortunate enough to find a beautiful and affordable home in a great setting like this when I retire!

1972 Single Wide inNew Port Richey, Florida for $9900

Retiring to Florida is a popular goal. With a mobile home, it’s a goal that is absolutely in reach for us‘regular’ people that have a regular job and a regular bank account. My 401K is a 101B but I could probably save up $9900 in the next 15 years if I tried hard enough.

(Note: This cute single wideis posted on Zillow and Craigslist. The Zillow link had bigger images so I used it.Home has been sold.

Cute Lakefront Single Wide in Albion, Indiana

This is a lakefront vacation home but I’m including it because itis such a cute property. You pay $12,500 for the 10′ x 50′ mobile home with 2 bedrooms and 1.5 baths sittingon an 86 acre lake in Albion, Indiana.

1984 Liberty Single Wide in Reese, Michigan for $7000

This is a great looking home for $7000 in a park in Michigan. It has 3 bedrooms and 1 bath and you get all the furnishings and working appliances.

Pitched roof, great layout (LOVE those end kitchens!) and obviously taken care of – this is a great looking home. No mention of the lot rent but if I had to guess it would be less than $400 a month.

Some people spend $7000 on a gaming computer (I know one personally and while it is a very nice system I would much rather buy an entire home).Home has been sold.

2011 Double Wide on 2 Acres in Mayo, Florida for $76,000

This is a great looking home! For less than $80,000 you get 2 acres of land and a 3 bedroom, 2 baths home with 9-foot side walls. The bedrooms have walk-in closets.

The kitchen has a walk-in pantry and a great island. I saw a truck that cost more than this in today’s newspaper.Home has been sold.

This home has 9-foot ceilings! 9 foot!

Nice Single Wide in Gainsville, Florida for $11,500

There are no interior images on this ad but I loved the exterior photo. Look at that water view! For $11,500 (OBO) you could easily fix up the interior if needed though the ad says the home has been very well kept.

This single wide has 2 bedrooms and 2 baths. The home sits on a large corner lot overlooking a beautiful pond in a very well maintained mobile home park.Home has been sold.

Single Wide and 1/4 Acre in Warner Robins, Georgia for $24,000

This single wide has so much potential! It sits on a quarter of an acre and has 2 bedrooms and 2 baths. It’s already been updated a bit and would make a great home for a small family.

The possibilities are endless. Home has been sold.

Related: Is a Manufactured Home Right for You?

1998 Double Wide on 0.87 Acres in Lexington, SC for $90,000 obo

This 1998 double wide has been nicely updated. Land in South Carolina is getting expensive thanks to all the people moving down from the north (just like we did – but there are no jobs in WV so we had to go somewhere).

I wish we had enough money saved to buy something like this – I see so much potential!Home has been sold.

Double Wide and Land near Savanah, Georgia for $60,000

This is a great looking home! This double wide has been recently updated with new porches, metal roofing, and interior updates. It sits on its own land so appreciation is very likely.Home has been sold.

Related: Read more about how manufactured homes appreciate here.

Beautiful Double Wide inBelleville, Michigan for $56,000

This double wide manufactured home is gorgeous. The owners obviously put a lot of time, effort, and pride into their mobile home remodel. Not much is said about the lot rent or neighborhood but I suspect this isn’t your average manufactured home community since the garage is attached to the home (most parks don’t allow that).

This home has 2 bedrooms and a den with a walk-in closet so it can be used as a bedroom if needed. Afriend of mine paid $50,000 for her SUV last year. It’s a great ride but it isn’t half as nice as this home!Home has been sold.

Related: Advantages and Disadvantages of Manufactured Home Communities

Summary – Top Craigslist Mobile Homes in May ’17 (East Coast)

Of course, there are thousands of great mobile and manufactured homes for sale across the nation. These were just 10 I’ve seen over the month of May that I liked most.

I’m not a real estate expert and I don’t know if these prices are a good deal. Please contact an expert if you plan on buying a home from Craigslist. Do lots of research and make sure everything is on the up and up. Craigslist mobile homes are fun to look at but it’s a whole different ballgame when money becomes involved.

Related: Tips for Buying a Manufactured Home

If you have a great home or DIY project you’d like to share please comment below and I’ll reply. If you’ve found some great Craigslist mobile homes let us know!

As always, thank you so much for reading Mobile Home Living!