The Big Picture on Boring, “Unsexy” Investments:
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With fewer than 50,000 parks and growing development restrictions, mobile home parks gain value over time and presents a ripe investment opportunity.
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Tenants in mobile homes rarely move due to high relocation costs, resulting in low turnover and long-term, steady cash flow. This translates to an overall better and more stable return over longer time horizons.
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Mobile home parks thrive in downturns and let investors scale quickly with minimal competition in the mid-market.
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In a world obsessed with flashy investments, too many investors get caught up chasing the next “hot” opportunity — just so they can flex their portfolio at dinner parties.
But the truth? Some of the best-performing, most dependable investments don’t come with bragging rights. They come with boring names and stable cash flow.
That’s exactly why Jordan Morehead — real estate broker, investor, and host of the Austin Real Estate Investing Podcast — is all in on mobile home parks.
Why Mobile Home Parks?
Jordan owns one himself, alongside 35 other properties. Here’s why he believes mobile home parks are the ultimate underrated investment:
1. Scarcity Creates Value
There are only about 50,000 mobile home parks left in the U.S., and that number is shrinking. Cities are shutting them down, and good luck getting approval to build a new one. It’s nearly impossible due to zoning restrictions, political resistance, and high development costs.
Scarcity = built-in value appreciation.
2. Truly Affordable Housing
Mobile home parks provide the most affordable non-subsidized housing in the U.S. — and Jordan is passionate about keeping it that way. In his parks, tenants own their homes, meaning they’re building equity while paying a very reasonable lot rent. It’s stability and dignity without government handouts.
3. Incredibly Stable Tenancy
Tenants in mobile home parks don’t move often. Why? Because moving a mobile home is expensive — typically $5,000 to $10,000 — and older homes often can’t be moved at all. The average tenancy is around 10 years, compared to just 12–18 months in most apartments. That means fewer turnovers and more predictable income.
4. Recession-Resistant
During economic downturns, people downsize. And mobile home parks are the most affordable place to land. That makes them one of the most recession-proof real estate assets out there.
5. High Cash Flow & Scalability
Jordan notes the upside in lot rents is often significant, and operational costs are manageable — as long as the parks are maintained well. He also loves the scalability: rather than acquiring one unit at a time, each park adds 20, 30, or even 50 units to your portfolio in one go.
6. Limited Competition
Here’s the sweet spot: mobile home parks are too expensive for mom-and-pop landlords but too small for institutional investors. That leaves a gap for savvy investors who know how to play the middle.
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Final Thoughts
Jordan’s philosophy is simple: the best investments aren’t always the sexiest. Mobile home parks might not earn you clout at parties, but they can earn you long-term wealth, stable cash flow, and peace of mind.
Want to Learn More?
🎙 Listen to the full episode for more insights from Jordan and how he’s helping investors build smarter portfolios.
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