A residential community consisting of manufactured homes situated on rented or leased land spaces provides an affordable housing option for many individuals and families. These communities offer a diverse range of amenities and services depending on location and management, and can represent a viable alternative to traditional homeownership. A resident might, for example, seek such a community when relocating to a new geographical area and desiring to minimize initial housing costs.
The development of these communities has significantly impacted the accessibility of housing, particularly for retirees, young families, and individuals with limited financial resources. Their establishment often offers a lower cost of entry compared to purchasing a conventional house. Historically, the rise of these communities is linked to increased demand for affordable housing and the evolving nature of the housing market. The benefits include potential cost savings and access to community resources.
