Mobile Homes and Building Equity: What Buyers Should Know

Gillette and Campbell County have experienced periods of rapid growth tied to the energy industry. When workers and families arrived faster than traditional housing could be built, mobile and manufactured homes helped provide a quicker, more affordable response to the housing crunch.

They remain an important part of our local housing market today. According to a Campbell County profile using 2017–2021 U.S. Census data, the county had an estimated 3,969 mobile or manufactured homes—approximately 20% of all housing units.

But can buyers build equity in a mobile or manufactured home? The answer depends on several factors, including:

• Whether the home is sold with land or located on a leased lot

• How the home is titled and legally classified

• The type of financing available

• Its permanent foundation, condition and location

• Demand within the local market

  
  

A manufactured home purchased with land and titled as real property may offer a clearer path toward traditional mortgage financing and long-term equity. Homes on leased land can still build equity, but the financing and resale considerations may look different.

Learn more about financing, ownership and equity in the RE/MAX blog: Can You Build Equity in a Mobile Home? Here’s the Reality.

If you are considering buying or selling a mobile or manufactured home in Northeast Wyoming, contact a RE/MAX Professionals agent for guidance based on the property and your individual situation.

Source: Wyoming Community Development Authority, Community Profile of Campbell County, using 2017–2021 U.S. Census data.