This analysis examines operating expense trends for Manufactured Housing (MH) communities across the United States from 2021 to 2025, providing detailed financial benchmarks across community sizes based on reported operating data from 962 communities and more than 121,000 sites. Using weighted-average figures per site, this report tracks the principal revenue and expense categories, including insurance, payroll, utilities, taxes, maintenance, administrative costs, and management fees, for each year. It benchmarks each category nationally and across three community-size cohorts, fewer than 100 sites, 100 to 200 sites, and more than 200 sites. New this year is a breakout of utility cost by water, sewer, and trash service type. Five years of data establish the trend, while the analysis centers on the most recent year, 2024 to 2025, where the sharpest shifts occurred.
