Coastal Resilience: FG Communities Targets Affordable Housing Near Camp Lejeune

By Sam Lidman

Jacksonville, NC – As the demand for affordable housing continues to outpace supply, particularly in rapidly growing coastal communities, investment firm FG Communities is doubling down on manufactured housing. The company recently completed its latest acquisition – a community in Jacksonville, North Carolina, strategically located near Marine Corps Base Camp Lejeune – and shows no signs of slowing down its expansion across the Southeast.

FG Communities' focus on manufactured housing isn’t accidental. While traditionally stigmatized, modern manufactured homes are increasingly recognized as a vital component of addressing the nation’s housing crisis, offering a significantly more affordable alternative to traditional site-built construction. This strategy is particularly resonant in areas like Jacksonville, where a large military population coupled with rising property values creates a unique affordability challenge.

“The need for affordable, quality housing near military bases is immense,” says one local real estate analyst. “Service members and their families deserve stable, affordable options, and manufactured housing communities can provide that.”

A Growing Trend in a Tight Market

The Jacksonville market is currently experiencing a seller’s bias, with home prices increasing 7.2% year-over-year and the median home price hovering around $250,000. The rising cost of living coupled with limited inventory is squeezing potential homebuyers and renters alike. The average rent in Jacksonville currently sits at $1,254, with a 0.73% increase compared to the previous year.

FG Communities’ investment comes at a critical time. The company’s recent acquisitions – including properties in Candler, Goldsboro, and various locations throughout North Carolina – demonstrate its commitment to expanding access to affordable housing in the region. The company isn’t just acquiring existing communities; it’s actively revitalizing underperforming properties, improving infrastructure, and enhancing the resident experience.

“We see a significant opportunity to provide high-quality, affordable housing in markets where the demand far exceeds the supply,” says a representative from FG Communities. “Our focus is on creating communities where families can thrive.”

The Camp Lejeune Connection

The proximity of Camp Lejeune is a key factor driving demand for affordable housing in Jacksonville. With over 137,500 Marines, sailors, retirees, and their families stationed at or associated with the base, the demand for housing in the surrounding area is consistently high. Approximately 70% of Camp Lejeune’s Marine families reside off-base, putting pressure on the local housing market.

“The military population is a huge driver of the local economy, but it also creates unique housing challenges,” explains one local source familiar with the base. “Service members often face frequent deployments and moves, making it difficult to secure long-term housing. Affordable rental options, like those offered in manufactured housing communities, are a lifeline for many families.”

The Basic Allowance for Housing (BAH) provided to service members helps offset housing costs, but rising rents and home prices are stretching budgets thin. The strategic location of FG Communities' properties near the base provides convenient and affordable housing options for military families.

Beyond Jacksonville: A National Trend

FG Communities’ expansion isn’t limited to North Carolina. The company is actively pursuing opportunities in other fast-growing markets across the Southeast. This regional focus aligns with a broader national trend towards increased investment in manufactured housing.

“We’re seeing a lot of institutional investors entering the manufactured housing space,” says one industry analyst. “They recognize the potential for stable returns and the growing demand for affordable housing.”

Occupancy rates in manufactured housing communities are currently at record highs (94.7% as of late 2023, and 94.9% as of Q1 2025), and rents are increasing at a healthy pace. This positive outlook is attracting investors and driving further growth in the sector.

Addressing the Stigma

Despite the growing popularity of manufactured housing, some lingering perceptions remain. Traditionally, mobile homes were often associated with lower quality and less desirable locations. However, modern manufactured homes are built to strict HUD standards and often feature the same amenities and design features as site-built homes.

“The quality of manufactured homes has improved dramatically in recent years,” says one industry advocate. “Many modern manufactured homes are virtually indistinguishable from site-built homes.”

Companies like FG Communities are actively working to overcome the stigma by investing in high-quality communities, improving infrastructure, and enhancing the resident experience.

Looking Ahead

As the affordable housing crisis continues to deepen, manufactured housing is poised to play an increasingly important role in providing access to safe, stable, and affordable housing options. Companies like FG Communities are leading the way, demonstrating that manufactured housing communities can be vibrant, thriving communities where families can build a brighter future.

The company’s continued expansion in North Carolina and beyond signals a growing recognition of the potential for manufactured housing to address one of the most pressing challenges facing the nation. With a strategic focus on high-growth markets, a commitment to quality, and a dedication to providing affordable housing options, FG Communities is well-positioned to capitalize on this growing trend and make a meaningful impact on communities across the Southeast.

While challenges, such as zoning restrictions and financing limitations, remain, the industry is optimistic about the future. With continued innovation, investment, and advocacy, manufactured housing can become an even more integral part of the solution to the affordable housing crisis.