n America, trailer parks are a fragmented, mom and pop family-owned business. About 18 million people live in mobile home parks and generally fall into households earning less than $50,000 a year or approximately ¾ of the residents meaning this is an important source of housing for rural or low-income residents.
With over 20% of American households earning $20,000 per year or less, the demand for affordable housing has been growing steadily. But when you add on the 10,000 baby boomers per day that are retiring and dropping into monthly social security checks that average only $1,200 per month, the demand expands exponentially. Mobile home parks offer affordable housing that is 1/2 or 1/3 the price of the same town apartments or home rents. Meaning if you work a minimum wage job or live on social security checks, your only option for housing oftentimes is a mobile home park. And for the residents, it's a quality option and an affordable place to call home.
