A new report from Luxury Manufactured Homes finds that the most affordable luxury manufactured houses are found in New York City, Chicago, Los Angeles, and Miami.
But it also found that the priciest luxury manufactured housing is found in Austin, Texas, and San Francisco.
The report found that, according to the Luxury Manufacturer Survey, which surveyed 1,000 luxury manufactured households, the median price for luxury manufactured condos was $1,085,000.
The median price of luxury manufactured apartments was $2,063,000, and the median of luxury crafted houses was $3,908,000.(Luxury Manufacture Survey: “Top 50 Luxury Makers in the U.S.”)
“This report highlights the need for affordable housing in the United States,” said Liz Zukin, senior vice president for the Center for Responsible Lifestyle, which released the report.
“This data is important because it gives us a sense of what is going on for our communities in terms of affordability.”
In addition, the report shows that, of the most expensive luxury manufactured properties, the most luxurious condos and apartment buildings have lower median rents.
But the pricier luxury manufactured buildings have higher median rents, the highest median sales price, and median sale price.
For example, the San Francisco-based condo and apartment market is the most unaffordable in the country.
Its median selling price was $924,000 and median income was $64,000 last year, according the report.(Luxe Makers Survey: San Francisco: “San Francisco: Most unaffordable market in the nation.”)
The most affordable and luxury manufactured communities in the study were San Francisco, Boston, New York, Los Angles, Atlanta, Portland, and Seattle, the study found.
The most unaffordable communities in this group are Austin, Austin, Chicago and Miami, according Luxury Manufacturing Survey data.
The top-rated luxury manufactured cities for median rents are Seattle ($1,058,000), Portland, Oregon ($1.03 million), Los Angeles ($1 million), Atlanta ($1 and $1.3 million), Boston ($1 Million), New York ($1M), New Orleans ($1million), and San Diego ($1m).
The lowest-rated communities are Austin ($835,000) and Chicago ($721,000).
“These communities have the most people in poverty, and they’re the poorest in the world,” Zukins said.
“But they also have the highest concentration of luxury constructed housing, so they’re often the most attractive destinations for people looking to get away from it all.”
The report also found a correlation between the prices of luxury properties and the percentage of the population that lives in poverty.
The most unaffiliated people are the least likely to own a luxury manufactured property.
“When you compare prices to income, they’re nearly identical,” Zuzins said, noting that people who live in the least-affordable communities tend to be the most likely to rent out a luxury produced property.
The average rent for luxury produced properties is $1 million, and condos average $1 to $2 million.
The average sale price for a luxury residential property is $4.9 million.