This type of residential community provides manufactured housing units situated on leased land. Residents typically own their homes but rent the lot on which the home is placed. This arrangement can offer a more affordable housing option compared to traditional single-family homeownership. As an example, individuals seeking to downsize or those on a fixed income may find this living arrangement financially suitable.
Such communities can provide a sense of belonging and shared experience for residents. They often feature amenities such as community centers, swimming pools, and playgrounds, fostering social interaction. Historically, these parks have served as an important source of affordable housing, particularly for seniors and working-class families. The financial model allows residents to invest in a home without the significant upfront cost of purchasing land.
