If you’re still looking at multifamily like it’s 2019, it might be time for a reset.
2024 has changed the game—rising rates, inflation pressure, and tighter consumer spending. Multifamily returns are getting squeezed, and smart investors are starting to look elsewhere.
Here’s where they’re going: mobile home parks.
And if you’re not paying attention to this asset class, you’re missing one of the best wealth-building opportunities out there right now.
Let’s break down why mobile home parks are outperforming in 2024—and why more accredited investors are shifting their capital here.
1. You Can’t Outrun the Demand for Affordable Housing
Multifamily rents have exploded. Wages haven’t. That’s led to rising vacancies and tenant turnover in apartments.
Mobile home parks solve that problem.
Lot rents are often 50–60% lower than Class B/C apartments—and that makes them nearly recession-proof. When the economy slows down, demand for affordable housing goes up.
If you’re looking for stability, this is where it lives.
2. Your Tenants Stay Longer (Like… Years Longer)
In apartments, people move. A lot. That means you’re stuck with cleaning, repairs, leasing fees, and lost rent.
In mobile home parks, people stay.
Why? Because moving a mobile home costs thousands. Once someone owns the home, they don’t want to move it. That stickiness means fewer turnovers, more stable cash flow, and better retention across your portfolio.
3. You Get Higher Margins with Fewer Headaches
If you own apartments, you’re fixing appliances, chasing maintenance calls, and replacing tenants constantly.
In mobile home parks, you’re just renting the land.
The resident owns the home—you just provide infrastructure: roads, utilities, and basic maintenance.
That leads to 30–40% lower operating costs than multifamily and stronger net operating income.
In other words, you keep more of what you earn.
4. Less Competition. More Opportunity.
Multifamily’s crowded. Institutional capital is everywhere, and it’s driving prices through the roof.
But mobile home parks?
Still largely owned by mom-and-pop operators. That gives you the chance to find off-market deals, add professional management, and force appreciation through better operations.
This is where real value still exists—if you know where to look.
5. It’s a Built-In Hedge Against Recession
When the market turns, Class A renters start downgrading. Class B gets squeezed.
But mobile home parks?
They get stronger.
In a downturn, affordable housing demand surges. That makes MHPs one of the few real estate asset classes that actually perform better during hard times.
If you want a portfolio that can hold its ground in any cycle, mobile home parks deserve a serious look.
Multifamily Isn’t Dead—But Mobile Home Parks Are Winning Right Now
We’re not saying multifamily is a bad investment. But in this market, it’s tougher to find good deals that actually cash flow.
Mobile home parks offer higher yields, lower turnover, stronger margins, and fewer institutional buyers driving up prices.
It’s the overlooked niche that’s built to perform when the rest of the market doesn’t.
WCG Investments: Turning Parks into Performers
At WCG, we specialize in finding underperforming mobile home parks, improving operations, and delivering consistent returns to our investors.
We’re not just buying assets—we’re creating communities and building real wealth while solving the country’s affordable housing crisis.
Ready to add mobile home parks to your portfolio?
Let’s talk.