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How We Value Mobile Homes on Leased Land

Why Zillow doesn't work for mobile homes, and how Lot Rent changes your home's value.

One of the most confusing parts of selling a mobile home is the price. You see a home down the street listed for $60,000. You see a similar size home 10 miles away sold for $150,000. Why the difference?

The “Lot Rent” Factor

In a land-lease community, the value of the home is inversely related to the Lot Rent.

  • Low Lot Rent ($400/mo): Home is worth MORE. The monthly payment is affordable, so buyers pay more upfront.
  • High Lot Rent ($900/mo): Home is worth LESS. The monthly payment is high, so the price must be lower to attract a buyer.

Zestimate doesn’t know your lot rent. That’s why online estimates are almost always wrong.

The “Book Value” vs. Market Value

The NADA book value (blue book for mobile homes) is just a guide. It doesn’t account for:

  1. Park Condition: Is the pool nice? Are the roads paved?
  2. Park Restrictions: Is it 55+ or Family? (Family parks often have higher demand).
  3. The “Project” Factor: Does it need a roof?

Our Offer Process

We don’t guess. We look at:

  1. The specific monthly rent of your lot.
  2. Recent CASH sales in your specific park (not just the zip code).
  3. The cost of necessary repairs.

Get a Real Valuation.

What is your home actually worth?

Stop guessing with Zillow. Get a professional valuation based on real market data.

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