Real Estate Blog

Buying A Manufactured House Cheat Sheet

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It does not come up often but from time to time our clients do ask about Manufactured Housing as a less expensive alternative.

Take this lovely Everett Manufactured House for example.

1,792 Square Feet | 2 Bedrooms | 2 Baths 

$239,000

+ Lot Rent of $753 month
Which includes Water, Sewer and Garbage.

Making the actual price (factoring space rental less utilities) approximatly:

$350,000


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A similar single family residential in Everett averages around:

$500,00

Buying a Manufactured Home can save you about 30%.

Saving Money On A Manufactured House Has A Cost


A Manufactured Home is similar to a car in that the value tends to depreciate.  Meaning the second you drive it off the loft the resale value goes down.

This is especially true if you are renting the space.  If you own the land under the manufactured home you may see some appreciation, but that is due more to the land.

Because of this the financing is more difficult and usually comes at a higher interest rate.

If You Are Considering Buying a Manufactured Home Check Out The Financing Cheat Sheet Below



Jason Fox

"The best way to find yourself is to lose yourself in the service of others." ~ Gandhi [ Recognized as a top 3.5% agent in the United States. ] [ Jason Fox was born in Everett, WA currently lives in the Meadowdale neighborhood in Lynnwood and has lived in different parts of the Puget Sound area in between. He has been in the real estate industry for 20 years in many different capacities. From General Manager of a real estate CRM engagement business, Founder of 2 real estate marketing agencies, nationally recognized blogger with the Jason Fox Real Estate Marketing Blog, Marketing Manager for a top title and escrow service. ] [ Jason is now an award winning residential real estate sales agent, Co-Founder of The Madrona Group, Co-Owner of John L. Scott Ballard and John L. Scott Westwood. ] [ Active in the community, Jason is a proud part of the Autism Speaks effort to raise awareness for autism. This project is very dear to him as he has an 8 year old son, Hudson, diagnosed ASD. Jason is also involved with Neighbor's in Need, the Forgotten Children's Fund, WELD Seattle and the Union Gospel Mission assisting the homeless population in the greater Seattle area. ] [ "My passion is being able to give back to the community that has given so much to me." ] [ When he is not assisting his friends and family with the services of home ownership he loves being a dad to his 4 children, Carter, Rowen, Tyler and Hudson and being a husband to his amazing wife Sarah. Hiking, working around the house, cheering for the Seahawk's, Mariners and Huskies and golfing. ]

View Comments

  • Hello Jason,
    I am confused about how to finance a manufactured home in Snohomish County. I am a first time home buyer and over 65; but I would qualify. Who should I turn to? I don't have $70,000 in cash, but could probably come up with $10,000 for a down payment.
    Regards,
    Michelle

    • Hey Michelle, Most good real estate agents will have a Manufactured Home Lender on their vendor list. It is more like buying a car than a Single Family Residence if it is on leased land. Typically, the unit must be newer than 1978.

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