The resale value on modular homes and manufactured homes is similarly dim, but slightly better than a true mobile home, plus it's a bit easier to get a loan on them.
There is another category of home, where they are "made" in a factory, then taken on semi's to the location and "assembled" like a jigsaw puzzle. These prefabricated homes have a slightly better resale value, but again, it's not great.
At the same time, there are some communities, particularly in farming areas, where you will find these to be the primary type of homes available.
Make sure to REALLY talk to your lender and your agent if you are considering one. The last person I had who looked at a modular home, it took us a LONG time to find a lender who would lend on it.
Just like the previous agents answered, in Missouri mobile (manufactured) home will depreciate faster. They have a longer life expectancy and are much harder to market in the event you would like to sell the property.
Modular homes these days are constructed very well and if installed on a quality poured foundation will last a long time. From the outside its hard to tell the difference between a modular home and a home build on site.
I offer my clients a service called Listing Book. Its a user friendly version of the MLS agents use and its more up to date then the standard consumer sites. Check it out. I hope it helps.
The quality of the mobile home isn't as good as the modular home. Lenders give a life expectancy of 30 years to a mobile home. It's difficult to get financing for a mobile home if it's on a piece of property as opposed to a manufactured home community. Once a home has been moved from one location (example: mobile home community) to another (example: vacant land), it's next to impossible to finance. You want to consider resale value when you purchase it also.
I've been inside modular homes and unless I know what details to look for they're difficult to tell the difference from a stick built home. They're built inside, not outside like a stick built that is built with the elements (snow, rain, etc.). Their value is comparable to a stick built and they don't depreciate as much as a mobile home.
Definitely a mobile home has greater depreciation. Many modular homes of recent construction are sometimes of better quality than custom homes as they have to go through rigorous inspections and approvals. They are not considered to be of poor quality any longer if they were built in the past few years.
Hope that helps.
Prudential Connecticut Realty