Zoned Out? North Carolina Manufactured Housing Park Lot Rents

29 Pages Posted: 18 Apr 2018 Last revised: 10 Jul 2018

See all articles by Charles Becker

Charles Becker

Duke University - Department of Economics

Timothy Rickert

Duke University, Department of Economics, Students

Date Written: May 31, 2018

Abstract

This paper explores determinants of manufactured housing park (MHP) plot rents in North Carolina, with particular focus on the distinction among urban, rural, and periurban and small town parks, and on the possible role played by zoning restrictiveness. Little is known about how MHP rents are determined, even though it is estimated that more than 10 million Americans live in MHPs. We find that, contrary to our expectations, zoning appears to be an unimportant factor in determining park rents, while location, adjacent home prices, and nearby HUD “fair market rent” values are all important – though not uniformly so.

Suggested Citation

Becker, Charles Maxwell and Rickert, Timothy, Zoned Out? North Carolina Manufactured Housing Park Lot Rents (May 31, 2018). Economic Research Initiatives at Duke (ERID) Working Paper No. 267, Available at SSRN: https://ssrn.com/abstract=3164564 or http://dx.doi.org/10.2139/ssrn.3164564

Charles Maxwell Becker (Contact Author)

Duke University - Department of Economics ( email )

213 Social Sciences Building
Box 90097
Durham, NC 27708-0204
United States

Timothy Rickert

Duke University, Department of Economics, Students ( email )

Durham, NC
United States

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