Myth: mobile homeowners move around a lot.
Fact: on average, families stay in mobile homes on average longer than condominium owners.
For the past decade, an average family has stayed in a single family site built home between 10 and 15 years. Multifamily condo homeownership has averaged 6-10 years. Homeowners in our manufactured home communities (mobile home parks) stay in their homes longer than that! In a mobile home park, residents buy their homes but lease the land.
Upon looking at the homeowners in our 5 Hames communities, I found that the average length of current residency is:
8 years, 5 months in Summit View, Cedar Rapids
6 years, 10 months in Grand View, Cedar Rapids (our newest community)
9 years, 4 months in Sunrise Village, Iowa City
8 years, 8 months in West Branch Village, West Branch Iowa
10 years, 8 months in West Park Village, Cedar Rapids
In fact, our longest term resident has been living in West Park Village for 48 years. Wow!
Homeowners that stay in the same place for a long time keep their homes cared-for and well-maintained. You can’t always say that about renters! Long term neighbors also get to know each other, and tend to look out for each other, and create a wonderful sense of “community”.
Why rent when you can own a home of your own, in a planned community with neighbors and managers that care? It’s the right way to live. We call it “The Hames Way”!