How Much Does a Modular Home Cost? There's an common misonception that building a modular home costs 25 percent less than a site-built house but, according to Colucci, this is a myth.

In 2023, the average cost of a new mobile home was $124,300, which although a significant decrease from single-family homes, which averaged $409,872, is still very pricey.

McKinsey & Co. data found that modular methods can reduce labor needs by up to 40% and cut costs when executed at scale.

As factory-built neighborhoods pop up in Colorado communities buckling under soaring housing costs, state lawmakers want to take the novel strategy mainstream. Senate Bill 2, which passed the ...