Ocean View, NJ Mobile & Manufactured Homes for Sale | realtor.com® (2024)

FAQs

Do mobile homes have good resale value? ›

Manufactured homes may not hold value like traditional homes but may keep it better than other assets, such as vehicles. The value depends on the housing market, price and age of the house, inflation rate, maintenance and upkeep and other factors.

Ocean View is an unincorporated community and census-designated place (CDP) located within Dennis Township in Cape May County, in the U.S. state of New Jersey. The area is served as United States Postal Service ZIP Code 08230.

FAQ About Mobile-Home Living

The downsides of living in a mobile home community include the possibility of lot rent increases, limited financing options, less privacy, and resale challenges. You may also be subject to strict park rules and poor management, depending on the community.

There are 628 residents in Ocean View, with a median age of 51.3. Of this, 52.07% are males and 47.93% are females. A total of 591 people in Ocean View currently live in the same house as they did last year.

The most populous municipality in the county is the rapidly growing Lakewood Township, with 135,158 residents in 2020, its highest decennial count ever and an increase of 42,315 (+45.6%) from its 2010 census count of 92,843; while Jackson Township covers 100.62 square miles (260.6 km²), the largest total area of any ...

The Camp Meeting still owns all the land in town and leases it to homeowners and businesses for 99-year renewable terms.

Despite their affordability, mobile homes have historically been associated with depreciation, unlike traditional homes which typically appreciate over time. This has led to varied opinions on their investment potential. However, the landscape is changing, with many investors finding success in the mobile home market.

But when you buy a mobile home, you're still losing money every day because it can depreciate so quickly. How quickly do mobile homes depreciate? History says a $150,000 double-wide mobile home will depreciate by more than $50,000 in just five years (a third of the original value!).

A disadvantage of buying a mobile home is that its value will depreciate quickly. Like a new car, once a mobile home leaves the factory, it quickly drops in value. Stick-built homes, on the other hand, normally appreciate in value over time because the stick-built home owner almost always owns the underlying land.

Mobile Homes Tend to Drop in Value

Mobile homes placed in mobile home parks typically decrease in value over time. On the other hand, land normally appreciates over time. So, if you own land and build a traditional home or, in some cases even place a mobile home on the land, the value will normally appreciate.