Manufactured Home Information and Purchasing & Financing Facts

Manufactured Homes: The Market Facts
2002 Report

Manufactured Home Information and Purchasing and Financing Facts

Note that throughout these charts:

"~" indicates that comparable data is not available
tables that do not include 1990, 1993, 1996 or 1999 information indicate that it's not available for that year
tables that do NOT have a Total Percentage row are questions that could have multiple responses and total over 100%

**Mobile home model year**
	1990	1993	1996	1999	2002
Before 1970	15%	13%	11%	9%	8%
1970 - 1974	25%	21%	18%	15%	13%
1975 - 1979	20%	19%	18%	15%	14%
1980 - 1984	20%	19%	16%	14%	13%
1985 - 1989	17%	19%	19%	17%	16%
1990 - 1994	2%	9%	13%	13%	12%
1995 - 1998	~	~	5%	15%	16%
1999 - 2002	~	~	~	2%	9%
Total Percentage	99%	100%	100%	100%	101%
Number Responding	17,746	16,671	22,455	21,871	21,016
Median Model Year	1977	1979	1980	1984	1985

**Multi-section MHs**
	1990	1993	1996	1999	2002
Percentage	24%	26%	28%	32%	36%
Number Responding	17,782	16,917	22,579	21,173	21,824

**Exterior siding**
	1990	1993	1996	1999	2002
Aluminum	76%	69%	65%	60%	55%
Vinyl	8%	13%	17%	24%	28%
Wood	7%	9%	9%	9%	9%
Masonite	8%	9%	8%	7%	7%
Other	0%	0%	0%	0%	0%
Total Percentage	99%	100%	99%	100%	99%
Number Responding	18,001	17,031	22,614	21,981	21,230

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**MH roof type**
	1996	1999	2002
Metal	59%	53%	51%
Shingles	29%	35%	38%
Rubber Composition	12%	11%	11%
Total Percentage	100%	99%	100%
Number Responding	21,624	21,716	20,910

**Mobile home location**
	1990	1993	1996	1999	2002
Park - Don’t Own Lot	34%	37%	37%	36%	33%
Subdivision - Own Lot	6%	6%	6%	6%	6%
Condominium/Co-Op Park	1%	1%	1%	1%	1%
Owner’s Private Property	42%	44%	45%	46%	49%
Someone Else’s Property	16%	11%	11%	11%	11%
Total Percentage	99%	99%	100%	100%	100%
Number Responding	18,338	17,174	23,106	22,704	21,836

**Current monthly park rent**
	1990	1993	1996	1999	2002
Less Than $150	46%	36%	29%	22%	17%
$150 - $199	24%	22%	21%	18%	16%
$200 - $299	24%	29%	32%	34%	33%
$300 - $399	5%	10%	14%	18%	21%
$400 - $499	1%	2%	4%	5%	8%
$500 And Over	0%	1%	1%	2%	4%
Total Percentage	100%	100%	101%	99%	99%
Number Responding	6,507	6,494	8,752	7,914	7,274
Median Park Rent	$155	$180	$200	$220	$240

**Number of spaces in MH park/subdivision/condo or co-op park**
	1990	1993	1996	1999	2002
Less than 33 spaces	16%	15%	15%	16%	16%
33 - 65 spaces	14%	15%	15%	15%	15%
66 - 124 spaces	18%	18%	19%	18%	18%
125 - 224 spaces	19%	19%	20%	19%	19%
225 - 324 spaces	12%	13%	12%	13%	13%
325 - 524 spaces	11%	11%	11%	11%	11%
525 or more spaces	9%	9%	9%	8%	9%
Total Percentage	99%	100%	101%	100%	101%
Number Responding	8,019	7,826	10,500	9,478	8,732
Median Spaces	125	134	130	125	125

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**Percentage owning...**
	1993	1996	1999	2002
Dog(s)	48%	48%	49%	51%
Cat(s)	38%	39%	41%	42%
Number Responding	17,272	23,122	22,723	21,866

**Features/Equipment in or on their MH**
	1990	1993	1996	1999	2002
Smoke Detector	88%	91%	93%	94%	93%
Skirting	82%	82%	84%	85%	82%
Tie-Downs	51%	74%	70%	72%	72%
Fire Extinguisher	~	~	64%	65%	66%
Deck/Decking	~	~	~	~	60%
Personal Computer	~	~	23%	40%	56%
Dead Bolt Locks On All Exterior Doors	31%	33%	41%	49%	53%
Carbon Monoxide Detector	~	~	10%	16%	21%
Room Added After MH Placed On Site	~	15%	19%	19%	18%
Wood Burning Stove/ Fireplace	17%	16%	16%	17%	18%
Carport Attached to MH	~	~	~	~	16%
3-Season Room Attached to MH	~	~	~	~	7%
Burglar Alarm Reporting To Station	1%	1%	3%	5%	6%
Earthquake Stabilizing Device	3%	4%	3%	3%	4%
Fire Alarm Reporting To A Station	2%	1%	2%	3%	4%
Garage Attached To MH	~	~	3%	4%	2%
Basement	~	~	2%	2%	2%
None Of These Items	~	~	~	~	1%
Number Responding	18,343	17,187	23,068	22,651	21,765

**Year MH was purchased**
	1990	1993	1996	1999	2002
Before 1980	31%	23%	17%	13%	11%
1980 - 1984	28%	21%	15%	10%	9%
1985 - 1989	37%	33%	26%	18%	15%
1990 - 1994	3%	23%	33%	24%	19%
1995 - 1998	~	~	9%	30%	27%
1999 - 2002	~	~	~	4%	20%
Total Percentage	99%	100%	100%	99%	101%
Number Responding	17,293	16,142	21,715	20,974	20,166
Median Year MH Was Purchased	1983	1986	1988	1992	1994

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**Market value**
	1990	1993	1996	1999	2002
Less Than $2,500	8%	9%	7%	7%	8%
$ 2,500 - $ 7,499	26%	24%	20%	17%	16%
$ 7,500 - $14,999	25%	24%	22%	19%	16%
$ 15,000 - $19,999	12%	11%	12%	11%	10%
$ 20,000 - $24,999	7%	8%	8%	8%	8%
$ 25,000 - $29,999	6%	6%	7%	7%	7%
$ 30,000 - $34,999	4%	4%	5%	6%	6%
$ 35,000 - $39,999	3%	4%	4%	5%	4%
$ 40,000 - $49,999	4%	5%	6%	7%	7%
$ 50,000 - $59,999	2%	3%	4%	5%	6%
$ 60,000 - $74,999	2%	2%	3%	4%	5%
$ 75,000 - $99,999	1%	1%	2%	3%	5%
$100,000 And Over	0%	0%	1%	1%	3%
Total Percentage	100%	101%	101%	100%	101%
Number Responding	15,801	15,146	20,862	20,271	19,273
Median Market Value	$10,000	$11,000	$15,000	$17,000	$20,000

**MH purchase source**
	1990	1993	1996	1999	2002
New From A Dealer	42%	41%	39%	40%	41%
New From A MH Park	3%	3%	3%	3%	3%
Directly From A Factory	~	~	1%	1%	2%
New From A MH Broker	1%	1%	1%	1%	1%
From A Private Party	35%	36%	35%	34%	33%
Used From A Dealer	10%	9%	9%	9%	8%
Used From A Real Estate Agent	5%	4%	6%	7%	7%
Used From A MH Park	2%	2%	2%	3%	3%
Used From A MH Broker	2%	2%	2%	2%	1%
Bank Repo/Auction/Govt	0%	2%	2%	2%	2%
Total Percentage	100%	100%	100%	102%	101%
Number Responding	17,826	15,955	21,704	20,913	20,141

**Financed at the time they purchased their MH**
	1990	1993	1996	1999	2002
Percentage	64%	62%	64%	65%	59%
Number Responding	17,720	16,059	21,196	20,561	21,719

**Currently financing their MH**
	1990	1993	1996	1999	2002
Percentage	37%	35%	35%	39%	36%
Number Responding	17,973	16,146	21,654	20,895	21,670

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