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Study Shows Manufactured Homes Appreciate Comparably <br /> and Do Not Harm Adjacent Properties <br /> <br />A comprehensive, scientific study by researchers at East Carolina University shows that <br />manufactured homes hold their value very well when compared with comparable site-built houses. <br />The study further reveals that manufactured homes do not affect the overall appreciation rate of <br />site-built homes in close proximity. <br /> <br />Study design: <br />* The study covers four counties: Wake, Carteret, Henderson and Pitt counties. <br />· Study sought to determine whether manufactured homes on a fixed foundation appreciate. <br />· Study sought to determine the impact manufactured housing has on nearby site-built <br /> properties. <br />· Both scattered-site manufactured housing and clustered manufactured housing <br /> communities were analyzed. <br /> <br />Conclusions: <br />· In all four counties, manufactured homes with fixed foundation or listed as real property <br /> appreciated at comparable rates to site-built residential properties, including single- <br /> family homes, condominiums, apartments and townhomes. <br />· For both scattered site and large scale communities, the study found that manufactured <br /> homes do not have a negative impact on the appreciation of nearby site-built homes. <br /> <br />Manufactured housing listed as personal property in Wake, Carteret, and Pitt counties did <br />depreciate slightly in value. The homes listed as personal property in Henderson county, <br />however, appreciated. The study concludes that the main reason for this difference is the <br />approaches used by the counties in their property valuations. Carteret, Pitt, and Wake counties <br />almost automatically depreciate the value of a manufactured home if it is considered as personal <br />property. <br /> <br />Study performed by Guoqiang Shen and Richard A. Stephenson, June 30, 1997. "The Impact of <br />Manufactured Housing on Adjacent Site-Built Residential Properties in North Carolina," <br />Department of Planning, School of Industry and Technology, East Carolina University. Study <br />commissioned by the North Carolina Manufactured Housing Institute. <br /> <br />Copies available from the North Carolina Manufactured Housing Institute <br />PO Box 58648, Raleigh, NC 27658-8648 <br />(800) 849-6311 <br /> <br /> <br />