As traditional housing rates increase, cost-effective mobile homes seem to be on the way out.
By Jenna Ortiz | Phoenix Magazine
With housing prices trending to all-time highs, mobile homes represent an affordable option for lower-income Phoenicians. Or they did, anyway.
Back in 2000, there were 88,853 mobile home households in the Valley. In 2016, the number dropped to 84,519, per online search firm Apartment List. With developers buying out mobile home parks at an increased rate this year, the number will only go down from there.
So far this year, investors spent more than $225 million on 40 metro Phoenix mobile home parks, according to the Arizona Republic. That’s more than double the number investors paid in 2015, the second biggest year for sales.
