Indiana’s manufactured housing sector continues to attract attention from investors seeking long-term, cash-flowing assets in a stable, affordable housing market. With its business-friendly climate, consistent demand for workforce housing, and properties that deliver solid returns, mobile home park investments in Indiana offer both security and scalability.

Below is a detailed look at why Indiana remains a strong choice for mobile home park investors—featuring three standout parks in Indiana.

Why Indiana Is a Smart Choice for Mobile Home Park Investors

1. Strong Demand for Affordable Housing

Indiana’s population continues to favor affordable housing options, especially in growing metro areas such as Indianapolis, Muncie, and Lafayette. With median home prices below the national average, mobile home communities provide essential housing for working families, retirees, and lower-income residents seeking stability.

2. Attractive Investment Yields

Indiana mobile home parks often feature cap rates between 7% and 10%, offering better returns than traditional single-family or multifamily properties. Investors can achieve immediate income and long-term appreciation in one of the Midwest’s most affordable and reliable markets.

3. Low Operational Risk

Many Indiana parks are professionally managed with tenant-paid utilities, low turnover, and high occupancy rates, making them efficient to operate and maintain.

4. Value-Add Potential

Opportunities to raise below-market rents, improve infrastructure, or expand on additional acreage are common—allowing investors to quickly increase equity and returns.

Featured Indiana Mobile Home Park Listings

Below are three notable properties that demonstrate the range of investment opportunities available in Indiana’s mobile home park market—from fully stabilized communities to high-value, growth-ready assets.

1. Colonial Court – Argos, Indiana

Address: 205 West Marshall Street, Argos, IN 46501
Price: $6,500,000
Lots: 92 | Occupancy: 100% | Size: 12 acres
Broker: Adam McNeil, Wisely Commercial Realty, Inc.

Description:
Colonial Court Manufactured Housing Community is a premier, turnkey investment opportunity featuring 92 fully occupied sites with city water and sewer services directly billed to tenants. The property includes 51 park-owned homes, many of which have been recently upgraded, and boasts a strong Net Operating Income (NOI) of $630,053 with a low expense ratio of 16.9%.

Recent infrastructure improvements—such as new asphalt roads and home renovations—enhance the community’s curb appeal and operational efficiency. An additional parcel of land is included for potential future expansion, adding further value.

Financial Highlights:

Gross Income: $757,809
Operating Expense: $127,756
NOI: $630,053
Expense Ratio: 16.9%

With full occupancy, recent upgrades, and tenant-billed utilities, Colonial Court stands as one of the most attractive mobile home park investments in Indiana today.

2. Arcadia MHC – Muncie, Indiana

Address: 1115 East 18th Street, Muncie, IN 47302
Price: $700,000
Cap Rate: 8.2%
Lots: 20 | Occupancy: 70%
Broker: Adam McNeil, Wisely Commercial Realty, Inc.

Located in the southeastern section of Muncie, Arcadia MHC offers a prime opportunity to acquire a 20-site community with city water and sewer, both sub-metered and billed back to tenants. The property has seen significant improvements under current ownership, positioning it for continued income growth and operational stability.

With a net operating income of $57,025 and a strategic location in Delaware County, this community offers both immediate returns and long-term appreciation potential.

Key Highlights:

City Water & Sewer (Tenant Billed)
Room for Occupancy Growth
Strong 8.2% Cap Rate

Indiana’s Mobile Home Park Market Outlook

Median Home Price (2025): ~$240,000
Average Lot Rent: $250–$400/month
Top Investment Areas: Muncie, Argos, Lafayette, Indianapolis suburbs
Financing Options: Traditional loans, seller financing, and commercial financing through specialized MHC lenders

As more Americans seek affordable and flexible housing, Indiana’s mobile home park sector is poised for continued expansion and investor demand.

Final Thoughts

Whether you’re looking for a large stabilized community like Colonial Court, or a growth-ready property like Arcadia MHC, Indiana offers compelling investment options across multiple price points.

To explore these and other listings, visit MobileHomeParkStore.com—the nation’s leading platform for buying and selling manufactured housing communities.

With its strong cash flow potential, affordable entry costs, and proven market resilience, Indiana remains one of the Midwest’s best states for mobile home park investments.