Michigan Manufactured Home Community Rents Show 5% Growth

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February JLT Market Reports from Datacomp Cover Manufactured Home Community Data in 17 Michigan Markets

Datacomp, publisher of JLT Market Reports and the nation’s #1 provider of market data for the manufactured housing industry, announces the publication of its February  2022 mobile home rent comps, occupancy, and other vital data on Michigan manufactured home communities.

Recognized as the industry standard for manufactured home community market analysis for more than 20 years, JLT Market Reports provide detailed research and information on manufactured home communities located in 187 primary housing markets throughout the United States. This includes the latest rent trends and statistics, marketing programs, and a variety of other useful management insights.

Datacomp’s manufactured housing market data published in the February 2022 JLT Market Reports includes information on investment-grade  “all ages” and “55+” manufactured home communities. Altogether, the Michigan reports include data representations for 124,717 homesites.

  • Midwest region manufactured home communities show a year-over-year 4.7% increase in adjusted rent
  • Midwest region manufactured home communities show a year-over-year 1.1% increase in occupancy

“Adjusted rent throughout Michigan increased moderately, with only a pair of counties showing double-digit increases among the retirement communities,” 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

Established reports show trends in each market with a comparison of February 2022 rents and occupancy rates to February 2021. In addition, JLT Market Reports include a historical recap of rents and occupancy from 1996 to the present date in most markets.

The February 2022 JLT Market Reports for 17 markets in Michigan are available for purchase and immediate download online at the Datacomp JLT Market Reports, 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 decisions.

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