Already High Occupancy Improves in Midwest
The October 2022 publication of the JLT Market Reports with mobile home rent comps and other vital data on manufactured home communities in Illinois, Indiana, Kansas, Kentucky, Missouri, and Wisconsin shows the stability of the housing type in the Midwest.
JLT Market Reports are published by Datacomp, the nation’s top provider of market data for the manufactured housing industry.
Each month’s report includes detailed research and information on communities in 186 housing markets throughout the United States. The data includes the latest rent trends and statistics, occupancy, marketing programs, and a variety of other valuable management insights.
JLT Market Reports are recognized as the industry standard for manufactured home community market analysis.
The October 2022 manufactured housing market data published in JLT Market Reports for the six states include information from 13 markets on 326 “All ages” and “55+” manufactured home communities. Altogether, the reports from manufactured home communities in Illinois, Indiana, Kansas, Kentucky, Missouri, and Wisconsin include data representations for 38,332 homesites.
Regional Trends in Manufactured Housing Community Rent
- Midwest region manufactured home communities show a year-over-year 5.5 percent increase in rent.
- Midwest region manufactured home communities show a year-over-year 1 percent increase in occupancy.
“Manufactured home communities in the Midwest region continued to show stable growth in our October reports,” Datacomp Co-President and Chief Business Development Officer Darren Krolewski said. “Occupancy grew at a slightly higher rate relative to the other regions, demonstrating the strong demand for affordable housing in these markets.”
What’s in JLT Market Reports?
Each JLT manufactured home community rent and occupancy report from Datacomp has detailed information about investment-grade communities in the major markets. The detailed information includes:
- Number of homesites
- Occupancy rates
- Average community rents, and increases
- Community amenities
- Vacant lots
- Repossessed and inventory homes, and much more
JLT Market Reports also include management insights that rank communities by the number of homesites, occupancy rates, and highest to lowest rents. Established reports show trends in each market with a comparison of October 2022 rents and occupancy rates to October 2021, as well as a historical recap of rents and occupancy from 1996 to the present date in most markets.
The October 2022 JLT Market Reports for Illinois, Indiana, Kansas, Kentucky, Missouri, and Wisconsin manufactured home communities are available for purchase and immediate download online at the Datacomp JLT Market Report website, or they may be ordered by phone in electronic or printed editions at (800) 588-5426.
Each fully updated report for mobile home communities is a comprehensive look at investment-grade properties within a market, enabling owners and managers, lenders, appraisers, brokers, and other organizations to benchmark those communities and make informed business decisions.