How Many Mobile Home Parks Are In The U.S.
JB
Jeremiah Boucher Founder, Patriot Holdings • Author of Finding Your Edge
Key Takeaways
- Mobile home parks are one of the most affordable housing plays — demand is recession-proof and supply is shrinking.
- The key MHP metrics are lot rent per pad, occupancy percentage, expense ratio, and utility pass-through.
- Parks with master-metered utilities should be sub-metered — passing through water/sewer/electric to tenants protects NOI.
- Zoning is your moat — most municipalities won't approve new MHP development, so existing parks have built-in scarcity.