We need affordable housing, now.
There is a surge in the population aging into retirement which increases the demand for affordable housing. The age 55-plus cohort in the U.S. will grow by nearly 1.7 million people in 2020, and through 2025, another 7.6 million will reach this milestone.
As these residents retire, many will consider purchasing manufactured homes in age-restricted communities, boosting mobile home park demand even more.
As middle and lower-class families continue to be pressured financially, growing demand for inexpensive housing makes mobile home parks the most attractive housing option for the average American earner which currently is around $33k per year. Mobile homes will continue to be the best option for those unable to pay the high costs of conventional homes and ever-increasing apartment rents. Mobile home parks are typically 1/3 the cost of a single-family house or 1/2 that of an equivalent apartment building in the same community.