This analysis examines operating expense trends for 748 Manufactured Housing (MH) communities comprising 89,000 sites across the United States from 2021 to 2024, providing detailed insights into key financial indicators across community sizes. Using weighted average expenses per site, the report identifies significant expense categories including insurance, payroll, utilities, and management fees, tracking how these expenses have generally increased from 2021 through 2023, followed by moderation in 2024. This paper also explores the relationship between revenue growth and expense trends, highlighting how revenue gains have impacted overall operating efficiency.
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