{"id":9868,"date":"2022-08-25T10:57:19","date_gmt":"2022-08-25T17:57:19","guid":{"rendered":"https:\/\/yourwhiteknight.com\/reno\/?p=9868"},"modified":"2022-08-25T10:57:20","modified_gmt":"2022-08-25T17:57:20","slug":"gen-zers-are-now-buying-homes-heres-why-manufactured-homes-are-so-popular-with-them-new-item","status":"publish","type":"post","link":"https:\/\/yourwhiteknight.com\/reno\/2022\/08\/25\/gen-zers-are-now-buying-homes-heres-why-manufactured-homes-are-so-popular-with-them-new-item\/","title":{"rendered":"Gen Z\u2019ers Are Now Buying Homes. Here\u2019s Why Manufactured Homes Are So Popular With Them.New item"},"content":{"rendered":"
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If you have children or friends between the ages of 23 and 26, chances are some of them are buying houses for the very first time. That sounds crazy, right? <\/p>\n<\/div>\n\n

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Well, in reality, it\u2019s not all that crazy when you look at it. Gen Z\u2019ers \u2013 generally accepted to be those born in or after 1997 \u2013 are gradually entering the housing market. <\/p>\n<\/div>\n\n

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And, at the end of the day, manufactured housing is a key entry point for these young home dwellers. Here are a few reasons why.  <\/p>\n<\/div>\n\n

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Affordability<\/h2>\n<\/div>\n\n
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Manufactured homes have routinely proven, time and time again, to be a far more cost-effective option than their site-built counterparts. <\/p>\n<\/div>\n\n

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The cost of purchasing a site-built home in 2021 is up to $453,000, according to data from Statista. However, when you compare that to the average sale price of a new manufactured home in 2021, the difference is staggering. <\/p>\n<\/div>\n\n

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New manufactured homes in 2021 sold for $92,911, according to Datacomp<\/a> sales data. That number goes even lower when you look at pre-owned <\/em>manufactured homes, which averaged at just $60,733 that same year. <\/p>\n<\/div>\n\n

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These are numbers that, when you compare them to site-built homes that sell for much higher, underscore how great of a value manufactured housing is for young Americans. <\/p>\n<\/div>\n\n

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Virality<\/h2>\n<\/div>\n\n
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We wrote recently about some manufactured homes that have gone viral on TikTok<\/a>. It was impossible to include every<\/em> mobile home that\u2019s gone viral on social media over the past year, and that\u2019s for good reason. <\/p>\n<\/div>\n\n

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Content surrounding manufactured homes and their high quality and affordability has seen a massive uptick in viewership on platforms like TikTok, Twitter, Instagram, and Facebook. <\/p>\n<\/div>\n\n

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This type of content helps to spread the word that manufactured homes are an insanely affordable entry point to homeownership for Gen Z. In fact, video content in general has helped spur new conversation about the importance of manufactured housing for younger Americans, as YouTube has grown to become the world\u2019s second largest search engine behind Google. <\/p>\n<\/div>\n\n

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Couple that with the boom in the vertical video format popularized by TikTok, and it\u2019s become a prime medium for visual content on mobile homes to spread like wildfire. <\/p>\n<\/div>\n\n\n

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High Quality <\/h2>\n<\/div>\n\n
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The last point feeds into this next one. Because of the rise in familiarity of mobile homes among younger Americans, many are tuning in to how high quality manufactured homes are. <\/p>\n<\/div>\n\n

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In fact, not only are factory-built mobile homes incredibly high quality, they\u2019re customizable as well. Many manufacturers offer different floor plans that offer customized options for your home. This includes premium cabinet and countertop materials, larger bedrooms and bathrooms, and increased closet space, among many others. <\/p>\n<\/div>\n\n

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You can even view some floor plans on MHVillage<\/a> to get an idea of what kind of mobile home you might like. <\/p>\n<\/div>\n\n

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Ease of Access to the American Dream <\/h2>\n<\/div>\n\n
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Recently, there has been a stigma surrounding home ownership \u2013 specifically that it\u2019s no longer attainable for most Americans. This stigma can be for multiple reasons, whether it\u2019s because of the high cost of site-built homes or because site-built homes are so difficult to buy. <\/p>\n<\/div>\n\n

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However, manufactured housing is proving that stigma wrong. In America, over 22 million people live in manufactured homes, meaning that nearly one in ten homeowners have discovered the benefits to these types of homes. <\/p>\n<\/div>\n\n

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It\u2019s also worth noting that finding manufactured homes for sale or rent isn\u2019t difficult when you\u2019re browsing MHVillage<\/a>, the nation\u2019s leading platform for buying, selling, and renting mobile homes. Using our mobile home search page<\/a> to find homes, you can find any kind of mobile home that meets your needs.  <\/p>\n<\/div>\n\n

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When you combine the affordability of factory-built homes with their high quality and luxury, it\u2019s easy to see why Gen Z\u2019ers are flocking to manufactured homes to attain their dream of home ownership. Next time you see a social media post expressing disappointment that they can\u2019t ever buy a home, send them over to this blog post. <\/p>\n<\/div>\n\n

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Solution To Apartment Rent Churn<\/h2>\n<\/div>\n\n
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There\u2019s one other reason that we should mention here. <\/p>\n<\/div>\n\n\n

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Have you ever seen a social media post complaining about how someone can\u2019t get approved for a $900 mortgage for their site-built home even though they pay $1,400 a month to live in an apartment? This is just one factor that traps apartment renters in a cycle of ever-increasing apartment rents. And that doesn\u2019t even touch on noisy neighbors all around you. <\/p>\n<\/div>\n\n

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Living in a manufactured home is an antidote to apartment rent churn. Financing requirements for mobile homes are different from site-built mortgages, meaning that you may have an easier time getting approved for your mobile home purchase. In fact, we\u2019ve written before about how manufactured homes are perfect for breaking out of the apartment renting cycle<\/a>. <\/p>\n<\/div>\n\n

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All of these reasons contribute greatly to Gen Z\u2019ers entering homeownership thanks to manufactured housing. But, if you\u2019re a Gen Z-er, you might be wondering how you can get in on the action. <\/p>\n<\/div>\n\n

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The best place to shop for manufactured and mobile homes<\/a> is MHVillage. Like we mentioned earlier, you can search for mobile homes in your area, including manufactured homes in communities if you want to live in an all-ages park. <\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

If you have children or friends between the ages of 23 and 26, chances are some of them are buying houses for the very first time. That sounds crazy, right? …<\/p>\n","protected":false},"author":3,"featured_media":9835,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"class_list":["post-9868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/posts\/9868","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/comments?post=9868"}],"version-history":[{"count":0,"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/posts\/9868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/media\/9835"}],"wp:attachment":[{"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/media?parent=9868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourwhiteknight.com\/reno\/wp-json\/wp\/v2\/categories?post=9868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}