Modular Homes in Tiverton, Rhode Island - ModularHomes.com (2024)

FAQs

How much does a modular home cost in Rhode Island? ›

Modular Homes in Rhode Island

The average sales price of a home in Rhode Island is $325,000. The average price of a modular home in Rhode Island is $55 to $85 per square foot, which makes the average price for a modular home in Rhode Island would be $126,000.

Without a doubt, modular homes are an excellent investment. Unlike mobile homes, modular homes hold their value and don't depreciate with time. In most cases, modular homes even gain value; the resale value of modular homes is usually higher than their initial purchase price.

Frequently Asked Questions. What is the average cost of a modular home in Florida? The cost of modular homes in Florida will depend on the size, style, and amenities. Generally speaking, you can expect to pay between $50 – $150 per square foot for a prefabricated home.

Of course, modular houses have their downsides. These include less customization capabilities than stick-built homes. The cost of the land and construction of the home may be higher than some people can afford, land restrictions, and perceive quality issues. Modular homes may also have more a complicated loan process.

The general rule of thumb is that prefab construction is cheaper than stick-built homes by an average of 10 to 25 percent.

Modular homes are assembled on a site and anchored to a foundation, whereas a manufactured home is transported in one piece to a site and can be relocated. Because they can be moved, manufactured homes are considered chattel (personal property) — like a recreational vehicle.

An off-frame modular home has no steel frame underneath. Off-frame modular construction is not considered manufactured housing and must conform to all local building codes in the jurisdiction in which they are permanently located. On on-frame modular home has a steel frame underneath.

What are the requirements for getting Mobile, Modular, Manufactured Home Loans in Florida? Up to 50% DTI. 3.5% Down Payment for purchases and 85% LTV for refinances. Minimum Loan Amount $150,000.

It costs about $338,180 to build a home in Rhode Island and up to $488,180, including land costs, excavations, permits, and other expenses, according to Home Builder's Digest. Of course, this depends on things like whether you're moving to Providence, Newport, or a smaller town.

What is the average cost of a modular home in Massachusetts? ›

The average new factory-built home in Massachusetts costs about $148,200, while modular homes average around $166,725, with higher prices in cities like Boston, Worcester, and Springfield, and lower costs in rural areas such as Amherst, North Adams, or Greenfield.