Manufactured Housing and Mobile Home Parks

Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

Marcus & Millichap Real Estate Investment Services, Inc.
Manufactured Housing Research Report
http://www.marcusmillichap.com/  Select report from "Select Property Type" drop-down menu

Semi-annual market research report analyzes the U.S. manufactured housing community outlook by geographic region and subregion and for selected metro areas, with data provided including vacancy rates, average monthly rents, capitalization rates, and average prices per unit. National and regional summary overview can be viewed free online, with a copy of the full report available with registration.

Residential Real Estate Brokerage & Management
https://www.firstresearch.com/

First Research profiles cover key aspects of an industry's size, scope, and operations and include a five-year growth forecast. Profile contents include:

Datacomp Appraisal Systems, Inc.
JLT Market Reports
https://reports.datacompusa.com/

Annual market reports provide detailed information on manufactured home communities in over 80 markets nationwide, with information provided in the report including number of sites by community and resident age category (all ages, 55+); occupancy rates; high, low, and average monthly rents; services included in rent, and most recent rent increase. Sample report can be viewed free online.

MHVillage, Inc.
Information resources available from this organization include:

Search For A Community
https://www.mhvillage.com/
Online database allows users to search for manufactured home communities by location (e.g., city, state, or zip code) on an exact match basis or within a 5-50 mile radius, community type (e.g., age- restricted / retirement, all ages), community features (e.g., pool, clubhouse, and pets allowed), and other defined options (e.g., showcased, with photos, with homes for sale, and with homes for rent).

Community Data Report
https://www.mhvillage.com/
Community data reports provide a profile for each community included in the online database, with data provided in each report including community description, community features (e.g., year built, number of sites, vacant sites, street type and width, multisection units, units with lap siding, units with peaked roofs, age/pet restrictions), and contact information. Reports are available free online.

Manufactured Housing Institute
MHI Community Attributes System
https://www.mhicas.org/

Online database provides detailed information on manufactured housing communities for qualified lenders, appraisers, and community owners. Data provided for each community includes contact information, property information, community features, owner contact data, home characteristics, home resale market, and tenant policies. Sample completed CAS form can be viewed free online.

Industry Financial Ratios
Mobile Home Park and Site Operators
https://www.bizminer.com  Search for "531190"

Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.

Datacomp Appraisal Systems, Inc.
JLT Market Reports
https://reports.datacompusa.com/

Annual market reports provide detailed data on manufactured home communities in over 80 markets across the U.S., with data provided for participating communities in each market including number of sites, occupancy rate, average monthly rent for a standard home site, services included in rent (e.g., trash removal), average rent excluding services, and change in occupancy and rent from prior year.

PayScale, Inc.
Mobile Home Park
https://www.payscale.com/

Free online service provides salary, bonus, and hourly wage data for selected job positions, such as property manager, office manager, maintenance manager, maintenance worker, and groundskeeper, for companies that lease sites for mobile homes and provide residents with common area facilities such as paved streets, sidewalks, street lighting, and electrical, water, and sewer line connections.

BizMiner Financial Analysis Reports
Mobile Home Park and Site Operators
https://www.bizminer.com  Search for "531190"

Five-year comparative income statements provide salaries, wages, and officer compensation in both dollars and as a percentage of revenue for companies that lease sites for mobile homes and provide residents with common area facilities such as paved streets, street lights, and electrical, water, and sewer line connections and may also provide amenities such as swimming pools and tennis courts.

Appraisal Institute
Appraising Manufactured (Mobile) Home Communities and Recreational Vehicle Parks
Robert S. Saia, MAI, 2017
https://www.appraisalinstitute.org/

Comprehensive publication provides an overview of the manufactured home industry, describes the various types of units available and the communities in which these homes are located, explores the physical, economic, and legal aspects of owning and operating these communities, and addresses the various factors that affect the value of these communities. Table of contents is available online.

RealtyRates.com
Investor Survey
http://www.realtyrates.com/

Quarterly investor survey provides information on market-derived discount and capitalization rates, with data provided for mobile home parks and manufactured housing communities including overall capitalization rates (e.g., DCR technique, band of investment technique, and surveyed rates), debt coverage ratio, interest rate, debt amortization period, loan-to-value ratio, and equity dividend rate.