Manufactured housing transaction activity rises year over year

Manufactured housing overview

The manufactured housing sector continues to post healthy operational performance, despite a mixed economic outlook and a period of sluggish population growth. Occupancy rates have trended higher for the past several years, and inched up 10 basis points during the first quarter to 95%. While occupancy has generally trended higher across most of the country, conditions in the Southwest have been more volatile, as an annual decline in Texas weighed on the occupancy rate for the region. Rents have increased across every region in the country, with the most robust gains occurring in the West, the Midwest, and the Northeast. The South region also posted rent increases that outpaced the national average of 6.8% annual growth. Since mid-2022, annual rent gains have averaged between 6.0% and 7.7%.

Sales activity for manufactured housing communities continued to return closer to long-term levels at the beginning of 2026, a trend that began to emerge at the end of last year. Pricing has also pushed higher, with the median price to this point in 2026 rising 12% to $58,400 per space. Parks are trading at a premium in the Western U.S., with Arizona, Colorado, and California posting some of the highest prices. California and Florida were the two leading states for total transaction activity in the first quarter. Sales activity in California at the beginning of the year included a greater number of transactions in the northern half of the state after the bulk of the sales in 2025 occurred in Los Angeles County and in the Inland Empire.

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