How to Calculate the Value of a Mobile Home

Mobile homes originated in the 1940s as travel trailers for construction workers and continued shortly after as a cheap alternative to site built homes. Initially, they were financed and insured as motor vehicles which usually depreciate in value. Their characteristics changed during the 1950s with double-wides resembling more traditional homes and have more recently evolved through the development of manufactured homes. Many such homes have nice yards, decks and porches. Still, mobile homes generally are perceived as being less than a traditional home and have not compared in value to such homes. Another factor affecting their value is that zoning regulations restrict the location and size of mobile home parks to locations away from other neighborhoods. Still, there are many factors which affect the price of a mobile home. Therefore, potential sellers need to know how to calculate the value of a mobile home.


  1. Image titled Calculate the Value of a Mobile Home Step 1
    Understand the factors which influence the value of mobile homes.
    • Distinguish between manufactured, modular and mobile home values. The construction of mobile homes usually occurred prior to the development of construction codes and have been considered substandard. Modular homes were built to state or local standards and manufactured homes were built to Housing and Urban Development (HUD) standards. Modular homes are attached to the land while manufactured homes have a permanent chassis. Generally, the mobile home has less value than the modular or manufactured home.
    • Consider your surroundings. If your mobile home is located in a mobile home park, then look at the exterior condition of the units that are in your park. The better the condition of the units, the better it will reflect on your property. One of the factors which may influence the value of your unit is whether the park has considerable congestion. If your unit is permanently attached, then overcrowding could be an issue. Also, consider the location of your home and its distance from schools, medical facilities, religious places of worship and grocery stores. The more centrally located, generally, the greater impact on its value.
    • Evaluate the impact of not owning the land on which your home stands. The fact that you rent that space will devalue your home. Of course the opposite is true since owning the land in addition to the mobile home should increase its value.
    • Consider the last purchase price for the home. Generally, mobile homes depreciate in value although that may be affected by additions or improvements to the property.
    • Understand that generally the value will be predicated upon the mobile home's location, geographically and locally, its size, the make and model of the home, any improvements, the land and surface its attached to and its age.
  2. Image titled Calculate the Value of a Mobile Home Step 2
    Know where to look to find the value of your mobile home.
    • Take a walk around your neighborhood and see what similar homes are selling for.
    • Contact your local realtor and obtain a mobile home free comparative market analysis (CMA).
    • Hire a local appraiser to calculate its value.
    • Contact your bank and ask for a valuation based on refinancing the home.
    • Obtain N.A.D.A. Manufactured Appraisal Guide which professionals use in determining the value of a mobile home.
  3. Image titled Calculate the Value of a Mobile Home Step 3
    Calculate the mobile home's value.


  • When using the N.A.D.A. blue book on mobile home valuation, you need to remember to add the value of the land to the value of the home, especially if your home is permanently attached to the land.

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Categories: Recreational Vehicles