Increased demand for manufactured housing
Why the increased demand for land-lease communities in PA?
Tiny Homes, Container Homes and Mobile Homes are rising in popularity.
Lack of affordable housing, hybrid work-from-home dynamics, downsizing "silver tsunami" demands, along with skyrocketing rentals impact the increased demand for manufactured housing.
Manufactured Home Values
Historically, mobile homes were considered a depreciating asset - like a car. However, that is not the case in today's market.
- Manufactured homes are skyrocketing - here's why
; August 2022
(Although this article is a few years old, it gives insight into trends during COVID that continue today.)
If you rely on Google or AI for advice, its easy to find articles that will tell you NOT to buy a manufactured home. Many are also pitching other investment opportunities or citing old statistics , not current market dynamics.
Just as with any real estate purchase, its important to analyze in detail macro and micro-market trends for the desired location.
Land lease home ownership is an option similar to condo ownership, where you don't own the land but you own the home. With manufactured housing, you have options to select the location for your brand new home - which impacts the potential resale value.
Single Family Rental Rates
The chart below shows a snapshot of median rents for single family detached homes in Central PA with links to live updates.
| Location | Median Single Family Home Rents | Yearly Change |
| Annville, PA | $1,500 | + $200 |
| Carlisle, PA | $2,175 | + $880 |
| Elizabethtown, PA | $1,675 | + $80 |
| Hummelstown, PA | $2,800 | + $310 |
| Hershey, PA | $2,795 | + $895 |
| Lebanon, PA | $1,500 | + $200 |
| Lancaster, PA | $1,800 | 0 |
| Middletown, PA | $1,375 | + $45 |
Affordable, Quality Living
What is the best new home option for you? As you explore the market, I encourage you to consider manufactured homes in land lease communities as just another type of architecture and ownership. You're likely to be pleasantly suprised!
Related articles:
- Manufactured Homes Surging in Popularity - CNN
- Since 2012 Manufactured Homes Increasing in Value Faster than Stick Built Homes
- Rentification of America
- 7 Reasons Millennials are Buying Manufactured Homes
- Affordable living options in Central PA
Want to know more? Book a time on my calendar and let's talk!
Susanna Kunkel, Realtor
ABC Realty, LLC
484-416-0567
