Manufactured Home Community Site Rent and Occupancy Rate Trends & Stats

0
290
site rent occupancy rate manufactured home community
Photo courtesy of Zeman Homes.

MHVillage and its industry partners are hard at work to provide the most meaningful industry statistics, trends and information available.

Here we provide one narrative installment of a manufactured housing industry trends and statistics infographic originally published in the July/August 2019 edition of The MHInsider magazine, the leading source for manufactured housing industry news.

Previously we’ve shared manufactured home statistics and results from a manufactured homeowner survey, as well as numbers on manufactured housing production, top manufacturers and top 10 retail markets.

Today we provide a snapshot of national site rents and occupancy rates for manufactured home communities. The JLT Manufactured Home Community Rent and Occupancy reports, published by Datacomp, offer insight that manufactured housing professionals can use to make informed business decisions.

MHC occupancy rate site rent
Photo courtesy of Zeman Homes.

Manufactured Home Community Site Rent and Occupancy Rates

(Information from Datacomp and JLT Market Reports based on data between May 2018 and May 2019)

Average Lot Rent for Manufactured Home Communities

Manufactured home community site rent, also called lot rent, was $535 per month on a national average. Site rent in all-ages communities was $514 and 55+ communities had a national average site rent of $579. Site rent has increased year-over-year by 3.9% on average, with all-ages communities’ average increase in site rent coming in 0.1% lower than the 55+ and overall averages.

Average Occupancy Rate for Manufactured Home Communities

The average occupancy rate for manufactured home communities was 93%, with all-ages communities coming in at 91% and 55+ communities registering 96% on average. The national average occupancy rate went up 1% May 2018 to May 2019. All-ages communities experienced an average occupancy rate increase of 1.2% and 55+ communities had an average occupancy increase of 0.5%.

Markets with the Highest Average Site Rent

All Ages

Market Rent
Orange County, CA $1,383
Santa Clara County, CA $1,145
Los Angeles County, CA $946

 

55+

Market Rent
Santa Cruz County, CA $1,590
Orange County, CA $1,018
Santa Clara County, CA $880

 

Markets with the Lowest Average Site Rent

All Ages

Market Rent
Highlands County, FL $172
Albany, GA (MSA) $223
Hendry/Okeechobee Counties, FL $224

 

55+

Market Rent
Greenville, SC (MSA) $223
Miami-Dade County, FL $225
Albany, GA (MSA) $234

 

Markets with the Highest Average Occupancy Rate

All Ages

Market Occupancy Rate
Santa Clara County, CA 100% (0.2% increase)
Miami-Dade County, FL 100% (0.4% increase)
Northern Colorado 100% (0.2% increase)

 

55+

Market Occupancy Rate
Orange County, CA 100% (0.2% increase)
Santa Barbara County, CA 100% (0.1% decrease)
Alameda County, CA 100% (0.1% increase)

 

Markets with the Lowest Average Occupancy Rates

All Ages

Market Occupancy Rate
Genesee County, MI 63% (3.2% increase)
Leon County, FL 68% (0.3% increase)
Lee County, FL 71% (0.2% decrease)

 

55+

Market Occupancy Rate
Monroe County, MI 61% (38.5% increase)
Gettysburg, PA (MSA) 72% (4.9% decrease)
Bay/Midland/Saginaw, MI 75% (0.2% increase)

 

Markets with the Greatest Average Increase in Occupancy

All Ages

Market Occupancy Rate Increase
Northern Michigan 8.20%
Polk County, FL 8.90%
Elkhart/Goshen/South Bend, IN (MSA) 4.70%

 

55+

Market Occupancy Rate Increase
Monroe County, MI 38.50%
Macomb County, MI 13.50%
Sussex County, DE 9.10%