As people search for lower-cost option to home ownership, some are turning to residences in manufactured home communities. As a result, vacancy in many parks has diminished over the past year, driving rent growth. Job losses among hourly-way workers due to COVID-19 could delay resident rent payments and increase turnover in the months ahead.
Marcus & Millichap has prepared a market report in which it details how the potential for higher yields attracts new investors to manufactured home communities. Click below to read more.
We hope you view our resources and knowledge as an extension of yours and that you count on us to support you as you evaluate your next steps. We are at your service to answer any questions you might have.