The average cost of a prefabricated home is approximately $180 to $220 per square foot as of 2015, according to Money Crashers. Size and location affect the total cost, which also usually includes the cost of amenities and interior fixtures.
The type of prefabricated home affects the ultimate price per square foot. Modular homes, panelized homes and pre-cut homes all fall under the umbrella term "prefabricated home."
Any home with sections built in a factory and then assembled on site is prefabricated. In the case of modular homes, each section of the house is a separately constructed module. A crew lowers each module into place on site and then secures the modules together.
Similarly, panelized homes begin as individually constructed panels that a crew then assembles on site. Pre-cut refers to homes built in pieces in a factory and then shipped as a home kit to a site, where a crew constructs the abode.