Looking to save money on building a home? An economical option is to consider modular home prices, which range from $180,000 to $360,000, with the national average at $270,000.

Manufactured housing prices saw a sharp increase between 2018 and 2023, but they remain more affordable than site-built homes.

That analysis also showed that from 2017-22, the average price of a new mobile home increased 77.1%, far faster than a new single-family home, which increased 46.7%.

An average manufactured home goes for $129,000, much less than a median-sale price of a house at $361,000.

As traditional home prices climb and mortgage rates remain high, more buyers are turning to factory-built housing as a realistic path to homeownership. Modular and manufactured homes are both ...