Datacomp has published its October 2021 JLT Reports for mobile home rent comps, occupancy, and other vital data from manufactured home communities in Illinois, Indiana, Kansas, Kentucky, Missouri, and Wisconsin.
JLT Market Reports provide detailed research and information on communities in 186 housing markets throughout the United States. These include the latest rent trends and statistics, marketing programs, and a variety of other useful management insights.
Datacomp maintains and provides the JLT Market Reports and is the nation’s #1 provider of market data for the manufactured housing industry. JLT Market Reports are recognized as the industry standard for manufactured home community market analysis.
The October 2021 manufactured housing market data published in JLT Market Reports for the six states include information from 13 markets on 245 “All ages” and “55+” manufactured home communities.
Altogether, the reports from the six states’ manufactured home communities include data representations for 34,326 homesites.
Regional Trends in Manufactured Housing Community Rent
- Midwest region manufactured home communities show a year-over-year 2.6% increase in rent for retirement communities and a 3.2% increase for all-ages communities.
- Midwest region manufactured home communities show a year-over-year 1.7% increase in occupancy for retirement communities and a 1.6% increase for all-ages communities.
“Manufactured home communities throughout the six states published in the JLT Market Reports for October 2021 showed impressive stability in average lot rent, as well as strong occupancy with all but one of the 13 markets showing overall growth,” Datacomp Co-President and Chief Business Development Officer Darren Krolewski said.
What’s in JLT Market Reports?
Each JLT manufactured home community rent and occupancy report from Datacomp has detailed information about investment grade communities in the major markets. The detailed information includes:
- Number of homesites
- Occupancy rates
- Average community rents, and increases
- Community amenities
- Vacant lots
- Repossessed and inventory homes, and much more
JLT Market Reports also include management insights that rank communities by the number of homesites, occupancy rates, and highest to lowest rents. Established reports show trends in each market with a comparison of October 2021 rents and occupancy rates to October 2020, as well as a historical recap of rents and occupancy from 1996 to the present date in most markets.
The October 2021 JLT Market Reports for Illinois, Indiana, Kansas, Kentucky, Missouri, and Wisconsin manufactured home communities are available for purchase and immediate download online at the Datacomp JLT Market Report website, or they may be ordered by phone in electronic or printed editions at (800) 588-5426.
Each fully updated report for mobile home communities is a comprehensive look at investment grade properties within a market, enabling owners and managers, lenders, appraisers, brokers, and other organizations to effectively benchmark those communities and make informed business decisions.