Grand Rapids has seen its population increase an estimated 5.7 percent in the last decade and remains as Michigan’s second largest city behind Detroit. As such, the affordable housing market has become much more stringent for those moving into the city and the surrounding areas and finding it can be a struggle.
What many homebuyers may not know is that they have other options besides the traditional house. You might be overlooking one of the most affordable housing options: manufactured homes. The Manufactured Housing Institute says there are 8.5 million manufactured homes in the United States. That’s nearly 10 percent of the nation’s housing stock.
In 2017, the Institute for Building Technology and Safety listed Michigan fifth in manufactured home shipments by state. Which could show that you can indeed find affordable housing options in the Grand Rapids area.
The average price per square foot of a manufactured home is $49, according to the MHI, which is less than half the price of a traditional site-built home at $107 average price per square foot. Because manufactured homes are in factories, they reduce construction waste, so homebuyers will not need to pay for extra or unused materials.
Manufactured homes are also an excellent choice for first-time buyers who are looking for an affordable housing option. Nearly one-quarter of manufactured housing residents fall between the ages of 18-29.
You can also choose the design and layout of your own manufactured home, allowing you to have just the right amount of space that you and your family need. Options that give you the peace of mind that your dream home can and will fit into your budget.
If you are looking for a great, affordable housing option in the Grand Rapids market, visit us at 6132 Division Ave to see some of the displayed modular homes from Preferred Homes, West Michigan’s manufactured and modular home specialists.