The assessed worth of a manufactured dwelling, determined using valuation guides and market analysis, provides an estimated price range. This valuation considers factors such as size, age, condition, and location. As an illustration, a 2015 model in excellent condition within a desirable community will command a higher figure compared to an older, poorly maintained unit in a less attractive area.
Understanding this valuation is crucial for both buyers and sellers within the manufactured housing market. It establishes a reasonable basis for negotiations, facilitates securing financing, and aids in accurate insurance coverage assessment. Historically, these valuation guides emerged to address the need for standardized pricing in a market lacking consistent, readily available data, thereby increasing transparency and reducing valuation discrepancies.