Stop Saying Mobile Homes Don't Appreciate In Value!!!

[Logan M.]

There are many myths in real estate real estate and I want to debunk one right now.

Many real estate professionals tell clients not to buy a mobile/manufactured home because they do not go up in value, this is a lie. The one caveat I will add is that it is extremely location-dependent. 

To prove my point I will take my market here in Utah, this may not be the same for your market but I would be surprised if we are the only location reacting this way.

Below is a graph from Q3 2019-Q3 2023. We will remove Q3 2019 because for some reason the data on our MLS is missing some quarters of mobile home data from that year but $42,000 was the median sales price of Mobile homes sold, we hit a peak of $89,000 in Q3 2021 but have stabilized with higher rates and a real estate slow down to between 79,000-85,000 this most recent quarter.

That is a 49% increase from Q4 2019 to Q3 2023, averaging it is almost 10% per year!

I would love others to look up their market stats but I am not seeing mobile homes as depreciating assets in regards to their resale value.