From sustainable features to investor appeal, here are the top manufactured housing trends.
- Manufactured homes are gaining popularity due to their affordability, modern designs and eco-friendly features, especially among Millennials and investors.
- Today’s manufactured homes are vastly improved from older model homes, with high-quality construction and features that rival traditional site-built homes.
- New manufactured housing trends include customizable designs, two-story models and eco-friendly options, offering more style and sustainability than ever before.
In today’s soaring housing market, manufactured housing is becoming increasingly popular because of its lower cost and improved quality compared to mobile homes of the past. This trend is especially noticeable among Millennials, many of whom are burdened by student loans and eager to escape rising rental costs.
Increased popularity among younger generations
While site-built homes remain out of reach for many younger people, manufactured homes offer a much more affordable alternative. The average owner of a manufactured home spends only 16% of their income on housing, according to MH Village. This makes it a viable option for households at or below the area’s median income.
Today’s manufactured homes follow the same standards as site-built homes, and often receive more inspections. With a strict installation process and proper maintenance, they are designed to withstand environmental stressors.
They’re also far more energy-efficient and environmentally friendly than older mobile homes. Many include energy-efficient appliances, UV-protected windows, programmable thermostats and upgraded insulation. Millennials, who are more conscious of their carbon footprint, see eco-friendly housing as a way to cut costs while helping the environment.
Additionally, the construction process for manufactured homes generates less waste and uses materials more efficiently, all while keeping building costs low for the owner.
Manufactured housing trends
Gone are the days of rectangular boxes with limited windows and aprons around the bottom. For decades, manufactured homes have been competing with the size and design of site-built homes. They offer amenities like wood floors, fireplaces, custom cabinets, upscale appliances, luxury baths and solid surface countertops. In other words, manufactured homes have evolved to meet — and in some cases exceed — the design standards of traditional homes.
Manufactured housing trends “are coming into a new age with a range of interior design offerings plus the advent of two-story models, high-pitched roofs, cathedral ceilings, permanent foundations, and the addition of site-built extras like garages, porches, decks, and exterior trim,” says the Department of Housing and Urban Development (HUD). “Exterior elements on today’s manufactured homes are also a long way from the shallow, single-line 2-in-12 roof pitches that cried out ‘mobile home.’”
Today’s manufactured homes come with various roof pitches and multiple rooflines. Modern exterior trim, decorative windows, bay windows, columns and porches are also available boosting curb appeal. Additional manufactured housing trends may include:
- A full range of “Universal Design” plans that allow for people with various abilities and limitations, including those in wheelchairs, to navigate the home easily. These plans include 42-inch-wide hallways, 36-inch-wide interior doorways, lowered light switches and varying counter heights.
- Tilted roofs, which are far more attractive than the flat roofs of the past.
- Two-story models, which are becoming more common.
- Site-built options, such as porches, decks and garages.
- Neighborhood-compatible features, such as designer rooflines, custom window shapes and a wider choice of trims and colors, allowing the home to blend seamlessly into the surrounding area. Exterior finishes may include stucco, masonry or cedar.
- Better energy efficiency through improved insulation, UV-coated windows and energy-efficient appliances.
The growing appeal for investors
As the real estate market continues to heat up, understanding the unique aspects of mobile home investments is essential for those looking to diversify their portfolios. Manufactured homes are not just appealing to homebuyers — they’re also becoming a hot commodity for investors seeking cost-effective housing solutions.
One reason manufactured homes are considered a good investment is their low cost of entry. Buying a manufactured home costs far less than purchasing a traditional property, making it accessible to a broader range of investors. Maintenance and renovation costs are generally lower, too.
This lower cost benefits investors and appeals to a growing number of families looking for affordable living options. With housing affordability remaining a critical issue, mobile homes provide a much-needed solution.
Demand for affordable housing is on the rise, making mobile homes an attractive rental investment. The potential for positive cash flow is significant, as rental rates are often competitive — especially in high-cost areas. This demand is projected to continue growing throughout 2024 and beyond, making mobile homes a promising option for investors seeking a steady rental income.
Additionally, owning a mobile home park offers an even more robust investment opportunity. Investors can rent out individual lots to mobile homeowners, generating continuous income. This model also mitigates depreciation concerns, as the land itself can appreciate over time, according to Ignite Communities.
The rising role of manufactured homes in today’s market
Overall, manufactured housing has become an increasingly attractive option for a wide range of buyers and investors. With its affordability, improved quality and versatile design options, it provides a modern, sustainable solution to many of today’s housing challenges. As trends in the housing market continue to evolve, manufactured homes are set to play a pivotal role in addressing the ongoing demand for affordable, environmentally-friendly housing — while also offering strong returns for investors.
Agents, are you looking for a better insurance solution for your mobile home and RV dealers and communities? Start here.