"Within the 13 manufactured home community reports published in October 2020, one area shows a decrease in occupancy, and one other market had a small year-over-year dip in average rent."— Darren Krolewski, MHVillage/Datacomp Co-President and CBDO.
GRAND RAPIDS, Mich. (PRWEB) October 13, 2020
Datacomp has published its October 2020 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 185 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 2020 manufactured housing market data published in JLT Market Reports for the three states include information from 13 markets on 317 “All ages” and “55+” manufactured home communities.
Altogether, the reports from the six states’ manufactured home communities include data representations for 80,243 homesites.
Regional Trends in Manufactured Housing Community Rent
- Midwest region manufactured home communities show a year-over-year 5.4% increase in rent for retirement communities and a 3.6% increase for all-ages communities.
- Midwest region manufactured home communities show a year-over-year 1.2% increase in occupancy for retirement communities and a 1.4% increase for all-ages communities.
“Within the 13 manufactured home community reports published in October 2020, one area shows a decrease in occupancy, and one other market had a small year-over-year dip in average rent,” Datacomp Co-President and Chief Business Development Officer Darren Krolewski said. “Also among the October JLT reports is a new publication in Kentucky for the Lexington and Fayette area, with nine new communities and more than 2,000 homesites represented.”
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 2020 rents and occupancy rates to October 2019, as well as a historical recap of rents and occupancy from 1996 to the present date in most markets.
The October 2020 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.
About JLT Market Reports
For more than 20 years, countless professionals have trusted JLT Market Reports for timely and accurate management reports on land lease manufactured home communities. JLT Market Reports are currently published for 185 markets nationwide and are recognized as the industry standard for manufactured housing industry data. In 2014, JLT & Associates merged its resources, skills, and expertise with Datacomp, the industry’s oldest and largest national mobile home appraisal company and number one provider of market data for the manufactured housing industry, and MHVillage, the premier website for advertising mobile homes for sale and rent nationwide and publisher of the MHInsider trade magazine for manufactured housing news. For more information, or to purchase complete JLT Market Reports, call (800) 588-5426 or visit http://www.datacompusa.com/JLT.