A HUD compliant mobile home that is regularly maintained and repaired as needed will last as long as a traditional home, anywhere between 30 and 50 years. A significant reason mobile homes are now designed and manufactured to last decades is strict manufacturing regulations.
TEXAS HAS THE MOST MOBILE HOMES AND THE MOST MOBILE HOME PRODUCTION PLANTS IN THE U.S. Statista Research Department reported that, as of September 2023, the states with the most mobile homes in the U.S. are Texas, North Carolina, and Florida.
There are 192,890 manufactured housing units in New York State – making up 2.4% of the state's total housing stock. In rural areas of the state, that percentage jumps to 10.3% of housing stock with 100,802 manufactured housing units.
§ 203.43f New York law currently provides that 1995 model-year and newer manufactured homes are not classified as real property, even when affixed.
Mobile homes make up 6.4% of the US housing sector and there are 8.5m of them, down slightly on 2011, ing to the US Census. The number of occupants is not recorded but it's estimated to total about 20 million.
Cons: Renting to Section 8 tenants puts your property under greater scrutiny due to government rules and regulations. Be aware that before approving one of your units for Section 8 occupancy, the US Department of Housing and Urban Development (HUD) will determine your units Fair Market Rent (FMR).
The monthly rent of mobile homes in the U.S. has gradually increased since 2010, peaking in 2023. In the final quarter of that year, the average monthly rent for manufactured homes was 679 U.S. dollars, an increase of 46 U.S. dollars from the same period of the previous year.