What Is the Cost of Building a Metal Home in 2020?

Steel homes are often as much as 30% more affordable than traditional wood houses, and that’s before you factor in their lifelong costs of ownership. Steel homes are more durable and less susceptible to damage than traditional houses, and they don’t require the same level of upkeep, either, leading to lower maintenance and repair costs.

For these and many other reasons, steel homes have become increasingly popular and common across the United States in recent years. How much should you expect to spend on a prefabricated metal home in 2020?

Metal Home

Estimating Material & Construction Costs 

The cost of a steel residence depends on many variables, among them the price of steel, what wind or snow load requirements you must meet, the complexity of your design (i.e., whether it has multiple stories to accommodate mezzanines, etc.) and how many windows and doors you include.

In other words, it’s impossible to put an exact price tag on a steel home in 2020. However, you can get a general idea of what to expect if you know what size home you want.

Material Costs 

In general, plan to pay between about $8.61 and $9.72 per square foot for materials for your metal home. Keep in mind, though, that you need to comply with the snow and wind load requirements in place in your area, and this will likely impact the price of your materials.

Erection Costs 

Most people pay $4 – $8 a square foot to have their metal homes constructed. The final price per square foot will depend on your home’s foundation and its overall complexity, among other factors.

Common Steel Home Sizes

Here’s a general range of how much you should expect to pay for a steel home in the following popular sizes after factoring in the cost of materials and erection.

30’x40’ home – $15,132 – $21,264

30’x50’ home – $18,915 – $26,580

40’x60’ home – $30,264 – $45,528