The Elko County Association of Realtors Multiple Listing Service northeast Nevada reports the number of site-built homes has quadrupled in the last five years, and in the first half of this year the median price of homes hit $258,900. While interest rates have risen this year, they are still lower than 2012. Meanwhile, for those more budget conscious, the median price of a manufactured home is $165,000 says elkodaily.com. Gary Morfin of Century 21 says some lenders will not finance a manufactured home if it has already been moved, although just recently several lenders say they are considering changing that policy. Morfin informs MHProNews it costs $10,000-$15,000 to move a manufactured home onto a site, more expensive now that the Nevada Manufactured Housing Division began regulating these homes.

(Photo credit: MHVillage–manufsctured home)