GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cost Of Modular Home

The average cost of a modular home in the United States is around $50,000 to $150,000, depending on the size and location.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the average cost of modular homes, diving into key statistics that encompass various aspects of expenses associated with these popular housing options. From comparing costs with site-built homes to breaking down expenses for landscaping, interior finishes, delivery, and installation, we will provide you with a comprehensive overview to help you better understand the financial considerations involved in owning a modular home. Let’s jump into the numbers to paint a clearer picture of the investment involved in modular home ownership.

Statistic 1

"Modular homes are typically 15-20% cheaper than site-built homes."

Statistic 2

"Landscaping for a modular home can cost between $1,000 to $5,000."

Statistic 3

"Interior finishes for a modular home can cost between $20,000 to $100,000."

Statistic 4

"Average delivery and installation costs add about $5 to $10 per square foot."

Statistic 5

"Modular homes can be financed using conventional mortgage loans."

Statistic 6

"Custom modular homes can cost up to $200 per square foot."

Statistic 7

"Foundation costs for modular homes range from $4,500 to $30,000."

Statistic 8

"A modular home’s resale value is generally higher compared to a manufactured home."

Statistic 9

"Permitting and fees for modular homes typically range from $500 to $4,000."

Statistic 10

"Energy-efficient modular homes can reduce utility bills by up to 20%."

Statistic 11

"Modular homes depreciate at a rate of about 3-4% per year."

Statistic 12

"Exterior finishes and roofing can add an additional $10 to $20 per square foot."

Statistic 13

"The average price for a two-bedroom modular home is roughly $70,000 to $170,000."

Statistic 14

"The average cost of a modular home in California is around $250,000."

Statistic 15

"The cost of connecting utilities for a modular home ranges from $3,000 to $10,000."

Statistic 16

"Modular home insurance typically costs between $800 to $1,500 annually."

Statistic 17

"Transportation costs for modular home sections can range from $2,000 to $5,000."

Statistic 18

"The average cost of a 1,800 square foot modular home is around $180,000."

Statistic 19

"Modular garages range in cost from $10,000 to $50,000."

Statistic 20

"The average cost of a modular home in the U.S. is between $50 to $100 per square foot."

In conclusion, modular homes offer a cost-effective alternative to traditional site-built homes, with savings ranging from 15-20%. Factors influencing the overall cost include landscaping, interior finishes, delivery and installation costs, foundation expenses, permitting and fees, as well as energy efficiency and depreciation rates. While customization options can increase the price per square foot, modular homes still provide a range of affordability, with average costs varying by location and size. Overall, the versatility and financial benefits of modular homes make them a viable and attractive choice for homeowners seeking quality construction at a reasonable price.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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