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manufactured homes are a good investment in 2023. “[Renters] are not getting anything back from that, but with a mobile home you can trade it in, trade it up or sell it with the property,” he said. Shepherd said manufactured homes are often considered to depre- ciate in value over time. However, he said an investment is only lost if the house is sold without the property due to not recouping the cost of set- ting up utilities. Growth in Montgomery County is a driving factor in manufactured home sales, Shepherd said. Last year, Clay- ton Conroe sold over 485 manufac- tured homes in the county, more than double the 221 sales in 2021. “It’s all about a ordability, quality and how energy e cient they are,” he said. “They look and feel just like a traditional house, except cheaper and
land. In comparison, the U.S. Census Bureau reports the average price for a new single-wide manufactured home in the U.S. was $88,000 in November. “Higher interest rates impact indus- tries di erently,” said Harold Hunt, senior research economist at the Texas Real Estate Research Center, in a news release June 7. “For example, higher mortgage rates reduce housing a ord- ability, and some prospective buyers leave the site-built market and enter the manufactured-housing sphere.” Ripperda said the increased qual- ity of manufactured housing has also drawn more buyers. According to the Manufactured Housing Institute, manufactured homes today use the same building materials as traditional site-built homes, are engineered for safety and energy e ciency, and are regulated by federal law. “Products have come a long way over the years as technology advances,” Ripperda said. “It’s a dif- ferent world.”
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1 Rockrose Ranch Timeline: Homestead 55-plus community opened March 2023; all-ages community opened June 2023 Size: Over 700 lots 2 The Reserve at Sleepy Hollow Timeline: Grand opening in June 2023 Size: 500 lots 3 The Village at Lake Conroe Timeline: Started bringing in homes in 2022 Size: 116 available lots 11 home plans 4 Pine Acre Trails Timeline: Started bringing in homes in 2021 Size: 497 available lots Rent or buy a home All-ages or 55-plus communities According to Je Anthony Garcia from manufactured homebuilder Cavco In- Neighborhood, manufactured home communities have risen in popularity for the last ve years.
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built on I-beams.” Behind the trend
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According to Richr, a homesell- ing website, the average new home construction in Texas costs around $447,500, not including the price of
For more information, visit communityimpact.com .
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