Vermont Mobile Home Park Statistics Released

The Vermont Department of Housing and Community Affairs says that Vermont has 245 mobile home parks. Of these, 144 mobile home parks raised their lot rent in 2008-2009.

Specific examples are the Burdick & Burdick Trailer Park that increased its rent 63.52% since 2005, from $196 per month to $321 per month.

Cozy Meadows shows an increase of 31.25% during this same period. Royal Pine Villa showed a 25% increase in lot rent.

The county with the most parks has 28, while the county with the lease number of parks has two.

Frank & Dave’s Opinion of This Article:
This is an interesting article, because you don’t hear a lot about parks in Vermont. But it looks like Vermont park owners are doing a good job of increasing their rents. As we’ve said a thousand times, the best way to increase the yield on a mobile home park is to raise the rents. It is 100% profit, and takes no more effort than sending a letter announcing the increase (unless you are in a state that has laws on rent increases). Think about the increase in value on the Burdick & Burdick Trailer Park just by the simple act of raising the rent over 4 years from $196 to $321.

1 Comment

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  By andyr, June 5, 2010 @ 5:52 pm

  Actually, Vermont owners are not doing the job of raising rent – the state government is. Vermont has in effect rent control on mobile home lots. Your proposed increase must be submitted to the state for approval but approval is automatic if it is the same percentage as a some consumer price index. Therefore every park raise prices annually. If tenants complain, the park says it the the government recommended increase. In most states there is competition – some parks go without an increase a year, others may have a low increase or a $5.00 increase instead of 5%. In Vermont competition is restrained which is bad in the long run for owners and residents alike.

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