2H 2025 Manufactured Home Communities National Report

Manufactured homes demand bolstered by rising cost of living. Housing affordability remains strained in 2025. The median home-to-income ratio remains above 5 — about 20 percent higher than in 2019, driven by elevated home prices and persistently high mortgage rates. In this environment, lower-cost alternatives to traditional single-family ownership are drawing more attention, including manufactured housing. Although these homes account for only about 5 percent of the national housing stock, the segment is gradually expanding. Roughly 100,000 units were delivered in 2024, and a similar volume expected in 2025 — up about 50 percent from 2015. Even so, manufactured homes community (MHC) development has remained limited for years now. Few new communities have been added due to zoning restrictions and regulatory uncertainty. As such, placement options for these homes remain limited, keeping vacancy rates low and putting upward pressure on rents.