With rising home prices, interest rates, home insurance premiums, and property taxes, homeownership has become increasingly expensive for many Americans. Alternatively, owning a mobile home (manufactured home) can offer financial stability and long-term value, making it an attractive option for those looking to avoid the unpredictable swings of the traditional housing market.

Mobile Homes as a Stable Investment

One of the most persistent myths about mobile homes is that they depreciate in value over time. A misinformed person would say ‘mobile homes depreciate like cars do.’ However, recent data from Hillcrest Estates in Altoona and Villa Diann in Eau Claire, WI, tells a different story. Since the current management took over, home values have steadily increased, proving that well-maintained mobile homes can appreciate like other forms of real estate.

A review of tax assessor valuations from 2018 to 2024 shows that most homes in Hillcrest have experienced an increase in assessed value. This means that homeowners are building equity rather than losing it. For example:

• A home on Home A increased from $29,100 in 2018 to $45,000 in 2024, a 54.6% increase.

• A home on Home B rose from $55,600 to $97,600, an 76% increase.

• Even smaller homes have seen appreciation, with Home C increasing 89% from $28,200 to $53,200.

• The increase is not just on the appraisals. Our data on home sales also show similar appreciation. 

Factors Driving Appreciation

Several factors contribute to this appreciation, including:

1. Normal Market Trends: As demand for affordable housing grows, mobile homes remain an attractive option, leading to natural price increases.

2. Community Improvements: Since taking over Hillcrest, management has made significant improvements, boosting the overall desirability and value of homes in the community.

3. Private Party Sales & Renovations: Homes that have been rehabbed or sold privately often exceed tax-assessed values, further proving that mobile homes hold strong market potential when properly maintained.

The Advantage of Predictable Costs

Unlike traditional homeownership, which is susceptible to volatile interest rate hikes and rising property taxes, mobile home ownership provides stability in monthly expenses. With fixed lot rental fees and lower overall costs, MH residents enjoy more predictable housing expenses.

Why Buy in Hillcrest Estates and Villa Diann?

For those looking to purchase a mobile home, Hillcrest Estates in Eau Claire and Villa Diann in Altoona, WI, offer exceptional value and a strong sense of community. These neighborhoods provide well-maintained lots, access to local amenities, and a safe, welcoming environment for families and individuals alike. Since assuming management of Hillcrest Estates in Altoona, Wisconsin, the St. Paul Group has implemented several initiatives to enhance the community and the value of your mobile home. 

• Road Improvements: In 2017, they repaved significant portions of the community's roads to improve driving conditions. Hillcrest Estates Mobile Home Projects

• General Cleanup: Efforts were made to remove debris throughout the park, contributing to a cleaner environment. 

• Introduction of New Homes: The management brought in brand-new mobile homes, enhancing the park's appearance and offering affordable homeownership options.

• Water System Upgrade: A proposal was made to replace existing water lines and connect to the City of Altoona's water system to improve water pressure and reliability. Proposal for New Water System in 2025

• Storm Shelter Construction: Plans are underway to build a storm safe room capable of protecting up to 890 residents during severe weather events. Hillcrest Estates to Build Storm Safe Room in Altoona 

With ongoing improvements and a track record of increasing home values, investing in these communities is a smart and secure financial decision.

Cost of Living & Family Affordability

Eau Claire and Altoona offer a cost-effective lifestyle compared to larger metropolitan areas. With lower property taxes, affordable utility costs, and reasonable lot rental fees, families can enjoy a high quality of life without the financial strain of traditional homeownership. The area boasts excellent schools, parks, and community resources, making it an ideal place for raising a family while keeping housing expenses manageable. According to Best Places the average cost of living for a family in Eau Claire is $4,350 per month, which is 19.4% less expensive than the national average, and the cost of living score is 90.6 which is 9.4% lower than the US average. This affordability makes the area an attractive option for families looking to maximize their quality of life while maintaining financial stability.

Conclusion

The data from Hillcrest Estates challenges outdated perceptions of mobile home depreciation. With careful maintenance and community investment, mobile homes can appreciate in value, offering a stable and financially sound alternative to traditional housing. For those seeking affordability without sacrificing long-term financial growth, mobile home ownership is an increasingly attractive option at Hillcrest Estates and Villa Diann.