Do mobile homes hold there value?

[Insaneman1731]

Or if they don't how much do they depreciate?

[rmurray]

Manufactured homes are housing..Housing has been loosing value all over the country for the last 2 years..Just like anything made by man manufactured homes do wear out over time just as any kind of home does..causing the value to inversely follow the update and recondition costs with time..

One major lesson has been learned in the last few years. There is NO sure thing in long term investments of any kind..Stick built housing has lost 20 to 30% of its high value in the last few years..( average nationally was about 300K with loses now of 60 to 90k) Manufactured home average value was about 70K nationally and even if it had lost 50% lost far less then stick built and condos.

Long term value of any house is based on its location and condition much more than its construction system..Find a great place to build your home go for it and enjoy...

[abraham.a]

yes they do hold a value . . . as they are he homes just like other homes .

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[David Oxhandler]

"Consumers Union assessed the financial appreciation of manufactured-housing units, by examining the relative appreciation rates of manufactured housing and site-built housing, as well as the factors affecting the appreciation rate of manufactured housing. Their analysis includes an extensive literature review of previous work in the field, as well as primary research using data from the 1985–1999 American Housing Survey Panel and county appraisal data from several counties in Texas. The stereotypes of manufactured housing are built upon very real differences in appreciation experienced by the people who own them. The large proportion of manufactured homes in rental parks contributes greatly to the lower appreciation experienced by manufactured home owners as a whole, as land ownership is an important driver of appreciation. High variation in the individual appreciation rates of manufactured homes also causes a higher proportion of manufactured homes, even packaged with lan d, to lose value over time. Even so, average appreciation rates of manufactured homes packaged with owned land are statistically in line with the site built market, and there are few inherent reasons that a home built in a factory should perform differently than one built on site. Our analysis suggests that consumers can make decisions which can improve the appreciation of a manufactured home. Land ownership, location, purchase price and maintenance expenditures are among the factors that predict appreciation, and should be considered when attempting to increase appreciation in a particular unit." Consumers Union Report

You can download the Consumers Union Report at no cost HERE

[marinermark]

We bought our new 3/2 1500 sq. ft. Homes of Merit mfg. home, with 45x112 lot in a nice community in Ft. Myers, FL in April, 2005 - near the peak of the market. Homes at that time were selling in the $140s to $160s - and increased to $170s - $180s later in the year. Several resales of those homes have been in the mid-high $120s, a value decrease of about 25-30%. That seems to be less than the numbers I see for most conventional houses - probably because mfg. home prices weren't inflated so high to begin with. The downside is that our developer hasn't sold anything new in four years. There are still over 90 vacant lots in the park, and 20-30 resale homes available.