The vast majority of manufactured home owners living in mobile home park communities in the Southern California region own their homes free and clear. They have either lived in the home long enough to have paid it off or they paid cash when they purchased the home. The only housing costs they have are the utilities, home maintenance, and the rent payment for the land and services provided by the mobile home park where they live.
A typical manufactured home has three bedrooms, two baths, small yard, and covered parking for two cars within a few steps of their home’s door. The mobile home park community where they reside provides amenities such as a clubhouse, pool, spa, and on-site management. Some parks have storage areas for recreational vehicles and other storage.
Living in a mobile home park is a very affordable single family detached dwelling lifestyle choice when compared to the average cost of renting a similar size of apartment with limited parking and privacy. However, it is important to remember that, like other rental housing living, mobile home owners as renters will also receive annual rent increases. Unique to mobile home park communities are long tern leases that spell out annual rent increases for many years to come, which provides mobile home owners the ability to plan for future expenses. n