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I get asked all the time "Why are mobile homes prices so high?" As you know with the increase prices of "Real Estate" due to the interest rates right now, the cost of Real Property has increased drastically. A lot of individuals are unable or choose not to pay the prices. Rentals also have increased in Orange County as well.
Mobile Homes have become more attractive for the renters who would like the opportunity of "homeownership". Therefore Mobile Homes have become a way to achieve this. Not only are they a form of "homeownership" but are an affordable way of living. Prices vary due to "location". The parks that are in a desirable area (same as Real Property), can determine the cost of these homes. Living near the ocean, park rents etc. have a lot to do with this.
It is not unusual in today's market to find a 30 year old home that has an asking price of over $100,000. These homes are commanding this type of price due to our Real Estate market. Yes there are homes of the same age that can be purchased for under $50,000, but again, it is determined by the location and park that you choose to live in. If maintained (just like any property you own) then these homes will sell for these prices. The only draw back currently is that the older homes require more money down. So determine how much you have to work with first and decide how much you are able to pay to find the right park that you can afford to live in. Also family parks are keeping prices up because they have a larger market of resale. (Both family and seniors can live in these parks). Senior parks are keeping the prices up too, but there are more of these types of parks in Orange County than "nice" family parks.
Please contact me if you have anymore questions.
The following was taken from the City of San Juan's Web Site in regards to rent control:
Mobile Home Park Space Rent Increases
Mobile home parks within the San Juan Capistrano city limits are subject to the provisions of the City's Mobile Home Rent Control ordinance. The ordinance mandates that mobile home park rent increases imposed by the mobile home park property owners cannot exceed the average Consumer Price Index (CPI) for the preceding calendar year. For more Information Click Here to direct you to City's website.
For questions regarding violations to the ordinance, please contact housing, at (949) 443-6324.
Also if you want more info on relocation of Mobile Home Parks (Section 9-2.331) click here the cities Municipal Code
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