As home prices continue to rise across Texas and Oklahoma and basically everywhere in America nowadays, finding an affordable place to live is becoming increasingly difficult for families of every walk of life. The post-covid surge in demand for new construction site-built homes, paired with rising mortgage rates, has made traditional homeownership feel out of reach. However, New Vision Manufacturing offers a cost-effective alternative with high-quality single-section and multi-section homes, providing families the opportunity to own a home without the burden of high costs.
The Growth of North Texas and Surrounding Regions
The housing market across Texas and Oklahoma, including areas like Lake Texoma, Durant, Oklahoma, and even rural parts of Oklahoma and Arkansas, is experiencing rapid growth. The population in these areas has risen dramatically in recent years, particularly around Lake Texoma, which saw a growth rate of over 6% in the past three years. Homes for sale in these high-demand regions have skyrocketed, leading to increased competition and higher prices for traditional site-built homes.
Meanwhile, areas near the Oklahoma-Arkansas border are also seeing a boom, making it an appealing destination for families seeking more affordable housing. Despite the increase in demand, homeownership remains accessible when you consider manufactured homes for sale in these regions.
Rising Costs of Site-Built Homes vs. PreFab Homes
Across North Texas, the average price of a site-built home has surged to $350,000 to $400,000 in 2024. Coupled with rising mortgage rates—now over 7%—the cost of owning a traditional home is significantly higher than in recent years. Families purchasing a $350,000 home today can expect monthly mortgage payments exceeding $2,800, before factoring in other expenses like maintenance, insurance, and property taxes.
This sharp increase in home prices is driving many families to explore more affordable options, such as manufactured homes, modular, or prefab homes for sale. Manufactured housing offers an opportunity to enjoy homeownership at a fraction of the cost.
Why Buy a Manufactured Home from New Vision?
New Vision Manufacturing offers single-section and multi-section prefab homes for sale that provide an affordable, high-quality alternative to traditional site-built homes. With home prices ranging from $69,000 to $180,000, New Vision Manufacturing homes allow families to buy a new designer home without breaking the bank. These homes come fully equipped with a slew of modern amenities, and their durable site-built like construction ensures they’ll last for decades to come.
For comparison, a family buying a 30-year old, used site-built home for $300,000 could pay over $3,000 per month in mortgage payments & PMI, while a family purchasing a $150,000 New Vision Manufacturing home might only pay between $1000 and $1,500 a month*. This significant cost difference makes buying a manufactured home a smart financial decision for families looking to own a home without the sky-high prices and a 30-year note.
The Benefits of Prefab and Manufactured Homes
Not only are New Vision Manufacturing homes more affordable, but they also offer other advantages over site-built homes. For example, New Vision homes are customizable, allowing buyers to choose layouts, finishes, and features that suit their family’s needs. They’re also built with high-quality materials and tons of standard features, meaning you can enjoy the benefits of a well-built home without the hefty price tag.
In areas like North Texas, Oklahoma City, and Little Rock, Arkansas, where traditional home prices are soaring to record highs, the demand for manufactured homes is growing. More and more families are choosing to buy a prefabricated home as an affordable, practical solution.
Take Action: Buying now vs. buying later.
With home prices rising and mortgage rates showing no signs of dropping, now is the time to consider a cost-effective alternative like a New Vision Manufacturing home. These homes offer the same comfort, modern designs, and secure construction as site-built homes but at a fraction of the cost, allowing families to enjoy homeownership without the financial strain.
If you’re not interested in paying $2000+ a month for a mortgage on an older starter home and are looking for an affordable option for new construction in Texas, Oklahoma, Arkansas, New Mexico, Louisiana, Kansas, and states in between, explore the beautiful home builds by New Vision Manufacturing. You’ll find that owning a New Vision manufactured home is not only easy and attainable for families on a budget, but one of the smartest investments you can make for your family’s financial future.
