Benefits of Living in a Manufactured Housing Community
Manufactured housing is one of the most affordable options for Americans to achieve the American dream of home ownership. New homes cost an average of $70,600, compared with $287,000 for a single-family site-built home. There’s also more home for the buck: Manufactured homes can often cost 50% less per square foot to build than site-built homes, despite comparable interior finish-out. And, today’s new homes average over 1400 square feet of interior space. The median annual income for those who choose the option of a manufactured home is $34,700, but almost a quarter of all manufactured home owners have a median income of more than $50,000. With lower costs, manufactured home owners are able to save more than they would with a site-built home or by renting an apartment.
Sense of Community
Living in a land-lease community, a homeowner can park by his or her own home. There is a yard and outdoor space. There are no shared walls. Best of all, residents in a manufactured home community truly are part of a community. In many communities, there are social or activity clubs, fitness amenities, and friendly and caring neighbors. “Sense of belonging” is among the most frequent response about why residents enjoy living in a land-lease community.
Safety and Quality