Understanding The Affordable Housing Crisis
The U.S. faces a critical affordable housing crisis, with rising costs outpacing wages. Innovative solutions are essential to help struggling families find stability.
The Potential & Reality
We firmly believe that mobile home parks and extended stay RV parks have great potential to provide affordable housing options for millions of Americans. With our commitment to investing in and renovating these communities, we are able to increase the number of safe, clean affordable housing units available to individuals and families.
National Average Cost
Of a single-wide mobile home is $76,400 while the national average cost of a site built home is $387,600.
Average House-Price-to-Income Ratio
In the U.S. it is 5.8, more than double the 2.6 experts recommend.
To Afford A Home
Americans need an average income of roughly $166,600, but the median household income is just $74,580.
“Manufactured housing carries lower monthly costs than other units. According to the 2021 American Housing Survey (AHS), households living in manufactured homes reported a median monthly housing cost of $660, which was roughly half that of households in single-family homes ($1,230) and multifamily homes ($1,180).”
Sources:
Manufactured Home Communities: The Lowest Cost of Housing In The U.S.
Manufactured home communities provide the most affordable housing option in the U.S., with significantly lower home purchase prices and rental costs compared to apartments and site-built homes. See the data for yourself:
HOME COSTS IN THE U.S.
RENT COSTS IN THE U.S.
Our Manufactured Home Communities
