<SUBMISSION>
<ACCESSION-NUMBER>0000752642-04-000029
<TYPE>10-Q
<PUBLIC-DOCUMENT-COUNT>4
<PERIOD>20040630
<FILING-DATE>20040809
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>UNITED MOBILE HOMES INC
<CIK>0000752642
<ASSIGNED-SIC>6798
<IRS-NUMBER>221890929
<STATE-OF-INCORPORATION>NJ
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>10-Q
<ACT>34
<FILE-NUMBER>001-12690
<FILM-NUMBER>04960201
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>3499 ROUTE 9 N, SUITE 3-C
<STREET2>JUNIPER BUSINESS PLAZA
<CITY>FREEHOLD
<STATE>NJ
<ZIP>07728
<PHONE>7325779997
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>3499 ROUTE 9 N, SUITE 3-C
<STREET2>JUNIPER BUSINESS PLAZA
<CITY>FREEHOLD
<STATE>NJ
<ZIP>07728
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>umh10q063004.txt
<DESCRIPTION>FORM 10Q
<TEXT>



                                    FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C.  20549

     ( x )  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D)
            OF THE SECURITIES EXCHANGE ACT OF 1934

     For the quarterly period ended  June 30, 2004

     (   )  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D)
            OF THE SECURITIES EXCHANGE ACT OF 1934

     For the transition period ended _________________________

      For Quarter Ended                   Commission File Number

        June 30, 2004                   0-13130

                     UNITED MOBILE HOMES, INC.
        (Exact name of registrant as specified in its charter)

            Maryland                         22-1890929
(State or other jurisdiction of             (I.R.S. Employer
incorporation or organization)           identification number)

Juniper Business Plaza, 3499 Route 9 North, Suite 3-C,
Freehold, NJ 07728

Registrant's telephone number, including area code (732) 577-9997.

(Former name, former address and former fiscal year, if changed since last
report.)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding  12  months (or for such shorter period that the  registrant  was
required  to  file  such  reports), and (2) has  been  subject  to  such  filing
requirements for the past 90 days.     Yes    X        No ____

Indicate  by  check  mark  whether the registrant is an  accelerated  filer  (as
defined in Rule 125-2 of the Exchange Act).    Yes    X       No ___

The number of shares outstanding of issuer's common stock as of August 4, 2004
was 8,695,238 shares.

                                     Page 1
<PAGE>


                            UNITED MOBILE HOMES, INC.

                              for the QUARTER ENDED

                                  JUNE 30, 2004



PART I - FINANCIAL INFORMATION                         Page No.


Item 1 -  Financial Statements (Unaudited)

          Consolidated Balance Sheets                     3

          Consolidated Statements of Income               4

          Consolidated Statements of Cash Flows           5

          Notes to Consolidated Financial Statements     6-10

Item 2 -  Management's  Discussion  and  Analysis  of
          Financial   Conditions   and   Results   of
          Operations                                    11-15

Item 3 -  Quantitative  and  Qualitative  Disclosures
          About Market Risk

          There  have  been  no material  changes  to
          information required regarding quantitative
          and  qualitative disclosures  about  market
          risk from the end of the preceding year  to
          the date of this Form 10-Q.

Item 4 -  Controls and Procedures                         14

PART  II  OTHER INFORMATION                               16
-

          SIGNATURES                                      17

                                     Page 2

<PAGE>
<TABLE>
<CAPTION>

                    UNITED MOBILE HOMES, INC
                   CONSOLIDATED BALANCE SHEETS
            AS OF JUNE 30, 2004 AND DECEMBER 31, 2003
<S>                                       <C>            <C>
                                           June 30,      December 31,
               -ASSETS-                      2004            2003
                                          (Unaudited)


INVESTMENT PROPERTY AND EQUIPMENT
 Land                                     $ 8,412,970      $ 6,927,971
 Site and Land Improvements                61,435,295       59,202,516
 Buildings and Improvements                 3,069,537        2,790,612
 Rental Homes and Accessories               9,844,784        9,581,123
                                           __________       __________
  Total Investment Property                82,762,586       78,502,222
 Equipment and Vehicles                     5,226,701        4,664,006
                                           __________       __________
 Total Investment Property and             87,989,287       83,166,228
Equipment
 Accumulated Depreciation                (39,118,772)     (37,660,693)
                                           __________       __________
 Net Investment Property and Equipment     48,870,515       45,505,535
                                           __________       __________
OTHER ASSETS
 Cash and Cash Equivalents                  1,562,869        3,244,871
 Securities Available for Sale             25,582,531       31,096,211
 Inventory of Manufactured Homes            3,881,934        3,635,954
 Notes and Other Receivables                8,058,691        7,338,580
 Unamortized Financing Costs                  500,200          407,401
 Prepaid Expenses                             516,071          559,594
 Land Development Costs                     3,430,205        2,522,066
                                           __________       __________
  Total Other Assets                       43,532,501       48,804,677
                                           __________       __________
  TOTAL ASSETS                            $92,403,016      $94,310,212
                                          ===========      ===========

-  LIABILITIES AND SHAREHOLDERS' EQUITY -

LIABILITIES:
MORTGAGES PAYABLE                       $44,260,061       $44,222,675
                                         __________        __________
OTHER LIABILITIES
 Accounts Payable                           650,154           655,648
 Loans Payable                            1,342,599         7,840,962
 Accrued Liabilities and Deposits         2,139,397         1,988,525
 Tenant Security Deposits                   509,454           502,626
                                         __________        __________
 Total Other Liabilities                  4,641,604        10,987,761
                                         __________        __________
 Total Liabilities                       48,901,665        55,210,436
                                         __________        __________
SHAREHOLDERS' EQUITY:
 Common Stock - $.10 par value per
  share, 20,000,000 shares authorized,
  9,004,137 and 8,557,130 shares issued
  and 8,611,837 and 8,164,830 shares
  outstanding as of June 30, 2004 and
  December 31, 2003, respectively           900,414           855,713
 Excess Stock - $.10 par value per
  share, 3,000,000 shares authorized,
  no shares issued or outstanding               -0-              -0-
 Additional Paid-In Capital              42,673,009        36,304,626
 Accumulated Other
  Comprehensive Income                    2,273,423         5,308,195
 Undistributed Income                     1,364,427           341,164
 Treasury Stock, at Cost (392,300
  shares)                               (3,709,922)       (3,709,922)
                                         __________        __________
    Total Shareholders' Equity           43,501,351        39,099,776
                                         __________        __________
TOTAL LIABILITIES AND SHAREHOLDERS'
 EQUITY                                 $92,403,016       $94,310,212
                                         ==========        ==========
                           -UNAUDITED-
   See Accompanying Notes to Consolidated Financial Statements
                             Page 3
</TABLE>

<PAGE>
<TABLE>
<CAPTION>


                        UNITED MOBILE HOMES, INC.
              CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
                   FOR THE THREE AND SIX MONTHS ENDED
                         JUNE 30, 2004 AND 2003

<S>                <C>          <C>           <C>           <C>
                          THREE MONTHS               SIX MONTHS
                       2004          2003          2004          2003

REVENUES:
Rental and
 Related Income    $5,386,252    $5,226,202   $10,731,002   $10,375,813
Sales of
 Manufactured
 Homes              1,689,340     1,734,572     3,231,682     3,230,665
Interest and
 Dividend Income      652,788       811,562     1,392,615     1,696,923
Gain on
 Securities
 Available for Sale
 Transactions, net    313,424       477,065     2,133,778       671,581
Other Income           36,474        40,070        54,810        65,661
                   __________    __________    __________    __________
Total Revenues      8,078,278     8,289,471    17,543,887    16,040,643
                   __________    __________    __________    __________
EXPENSES:
Community
 Operating
 Expenses           2,670,114     2,488,873     5,129,779     4,835,524
Cost of Sales of
Manufactured Homes  1,302,595     1,349,726     2,519,807     2,542,745
Selling Expenses      297,156       297,640       642,451       572,878
General and
 Administrative
 Expenses             625,354       666,630     1,250,643     1,231,726
Interest Expense      689,785       803,380     1,429,497     1,631,415
Depreciation
 Expense              793,368       716,780     1,564,068     1,433,439
Amortization of
 Financing Costs       24,810        30,300        49,620        60,600
                   __________    __________    __________    __________
Total Expenses      6,403,182     6,353,329    12,585,865    12,308,327
                   __________    __________    __________    __________
Income before
 Gain on Sales
 of Investment
 Property and
 Equipment          1,675,096     1,936,142     4,958,022     3,732,316
(Loss) Gain on
 Sales of
 Investment
 Property and
 Equipment            (6,769)        31,252      (12,028)        37,554
                   __________    __________    __________    __________
Net Income         $1,668,327    $1,967,394    $4,945,994    $3,769,870
                   ==========    ==========    ==========    ==========
Net Income per
 Share -
  Basic            $     0.20    $     0.25    $     0.59    $      .49
                   ==========    ==========    ==========    ==========
  Diluted          $     0.20    $     0.25    $     0.59    $      .48
                   ==========    ==========    ==========    ==========

Weighted Average
 Shares Outstanding -
   Basic            8,480,662     7,760,917     8,368,228     7,726,860
                   ==========    ==========    ==========    ==========
   Diluted          8,554,366     7,866,355     8,449,347     7,824,096
                   ==========    ==========    ==========    ==========


                               -UNAUDITED-
       See Accompanying Notes to Consolidated Financial Statements
                                 Page 4

</TABLE>

<PAGE>
<TABLE>
<CAPTION>


                    UNITED MOBILE HOMES, INC.
        CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                    FOR THE SIX MONTHS ENDED
                     JUNE 30, 2004 AND 2003
<S>                                         <C>           <C>
                                              2004           2003
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income                                  $4,945,994    $3,769,870
Non-Cash Adjustments:
Depreciation                                 1,564,068     1,433,439
Amortization                                    49,620        60,600
Stock Compensation Expense                      56,855           -0-
Gain on Securities Available for Sale
 Transactions                               (2,133,778)      (671,581)
Loss (Gain) on Sales of Investment
Property and Equipment                          12,028       (37,554)

Changes in Operating Assets and
 Liabilities:
Inventory of Manufactured Homes              (245,980)      (155,230)
Notes and Other Receivables                  (720,111)    (1,102,623)
Prepaid Expenses                                43,523      (149,812)
Accounts Payable                               (5,494)        186,570
Accrued Liabilities and Deposits               150,872      (271,365)
Tenant Security Deposits                         6,828       (13,458)
                                            __________     __________
Net Cash Provided by Operating Activities    3,724,425      3,048,856
                                            __________     __________

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Manufactured Home Community    (3,535,400)      (918,000)
Purchase of Investment Property
 and Equipment                             (1,538,768)    (1,384,118)
Proceeds from Sales of Assets                  133,092        201,384
Additions to Land Development                (908,139)      (417,370)
Purchase of Securities Available for Sale  (3,283,385)    (1,137,098)
Proceeds from Sales of Securities
 Available for Sale                          7,896,071     4,267,320
                                            __________    __________
Net Cash (Used) Provided  by Investing
 Activities                                (1,236,529)       612,118
                                            __________    __________
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from Mortgages and Loans            2,000,000           -0-
Principal Payments of Mortgages and Loans  (8,460,977)   (2,816,999)
Financing Costs on Debt                      (142,419)      (36,952)
Proceeds from Issuance of Common Stock       5,469,423       675,854
Proceeds from Exercise of Stock Options            -0-       458,513
Dividends Paid, net of amount reinvested   (3,035,925)   (2,553,596)
                                            __________    __________
Net Cash Used in Financing Activities      (4,169,898)   (4,273,180)
                                            __________    __________
NET DECREASE IN CASH
 AND CASH EQUIVALENTS                      (1,682,002)     (612,206)
CASH & CASH EQUIVALENTS-BEGINNING            3,244,871     2,338,979
                                            __________    __________
CASH & CASH EQUIVALENTS-ENDING              $1,562,869    $1,726,773
                                            ==========    ==========





                           -UNAUDITED-
   See Accompanying Notes to Consolidated Financial Statements
                              Page 5

</TABLE>

<PAGE>

                    UNITED MOBILE HOMES, INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                    JUNE 30, 2004 (UNAUDITED)

NOTE 1 - ORGANIZATION AND ACCOUNTING POLICY

The  interim  consolidated financial statements furnished  herein
reflect all adjustments which were, in the opinion of management,
necessary  to present fairly the financial position,  results  of
operations,  and cash flows at June 30, 2004 and for all  periods
presented.  All adjustments made in the interim period were of  a
normal  recurring  nature.   Certain footnote  disclosures  which
would  substantially duplicate the disclosures contained  in  the
audited  consolidated  financial  statements  and  notes  thereto
included  in the annual report of the Company for the year  ended
December 31, 2003 have been omitted.

United Mobile Homes, Inc. (the Company), through its wholly-owned
taxable  subsidiary, UMH Sales and Finance, Inc. (S&F),  conducts
manufactured  home sales in its communities.   This  company  was
established  to  enhance the occupancy of the  communities.   The
consolidated financial statements of the Company include S&F  and
all  of  its  other wholly-owned subsidiaries.  All  intercompany
transactions and balances have been eliminated in consolidation.

Certain  reclassifications have been  made  to  the  consolidated
financial statements for prior periods to conform to the  current
period presentation.

Employee Stock Options

Prior  to  January 1, 2003, the Company accounted for  its  stock
option  plan  under the recognition and measurement provision  of
APB  Opinion  No. 25, "Accounting for Stock Issued to Employees",
and the related interpretations.  No stock-based compensation was
reflected  in  net  income prior to January 1,  2003.   Effective
January  1,  2003, the Company adopted the fair value recognition
provisions   of  SFAS  No.  123,  "Accounting  for  Stock   Based
Compensation".   The Company has selected the prospective  method
of adoption under the provisions of SFAS No. 148, "Accounting for
Stock-Based  Compensation Transition and Disclosure".   SFAS  123
requires   that  compensation  cost  for  all  stock  awards   be
calculated  and  recognized  over the service  period  (generally
equal  to  the  vesting  period).   This  compensation  cost   is
determined using option pricing models, intended to estimate  the
fair value of the awards at the grant date.

Had  compensation cost been determined consistent with  SFAS  No.
123,  the  Company's net income and earnings per  share  for  the
three and six months ended June 30, 2004 and 2003 would have been
reduced to the pro forma amounts as follows:

                                Page 6


<PAGE>


NOTE 1 - ORGANIZATION AND ACCOUNTING POLICY, (CONT'D.)

                               Three Months         Six Months

                         2004          2003          2004        2003

Net Income prior to
 compensation expense $1,696,755   $1,967,394   $5,002,849   $3,769,870
Compensation expense      28,428          -0-       56,855          -0-
                      __________   __________   __________   __________
Net Income as
 Reported              1,668,327    1,967,394    4,945,994    3,769,870
Compensation
 expenses
 if the fair value
 method had been             -0-        4,408          -0-        8,815
 applied
                      __________   __________   __________   __________
Net Income Pro forma  $1,668,327   $1,962,986   $4,945,994   $3,761,055
                      ==========   ==========   ==========   ==========

Net Income per
share - as reported
  Basic                 $    .20     $    .25     $    .59     $    .49
  Diluted               $    .20     $    .25     $    .59     $    .48
Net Income per
share - pro forma
  Basic                 $    .20     $    .25     $    .59     $    .49
  Diluted               $    .20     $    .25     $    .59     $    .48

The  fair value of each option grant is estimated on the date  of
grant  using  the  Black-Scholes option pricing  model  with  the
following  weighed-average assumptions used  for  grants  in  the
following years:

                                   2004       2003       2002

         Dividend yield             6.06%      6.14%      6.75%
         Expected volatility          19%        19%        13%
         Risk-free interest rate    3.54%      3.91%      3.40%
         Expected lives                 8          8          8

The weighted-average fair value of options granted during the six
months ended June 30, 2004 was $1.23.  The weighted average  fair
value of options granted during 2003 was $1.30.

During  the  six months ended June 30, 2004, the following  stock
option was granted:

 Date of    Number of     Number of      Option      Expiration
  Grant     Employees      Shares        Price          Date

 1/16/04         1         25,000        $18.62       1/16/12

During the six months ended June 30, 2004, no employees exercised
their   stock  options  and  no  options  expired  without  being
exercised.   As of June 30, 2004, there were options  outstanding
to  purchase  331,000 shares and 1,411,000 shares were  available
for grant under the Company's 2003 Stock Option Plan.

                                Page 7
<PAGE>


NOTE 2 - NET INCOME PER SHARE AND COMPREHENSIVE (LOSS) INCOME

Basic  net income per share is calculated by dividing net  income
by  the  weighted  average  shares outstanding  for  the  period.
Diluted net income per share is calculated by dividing net income
by  the weighted average number of common shares outstanding plus
the  weighted average number of net shares that would  be  issued
upon  exercise  of stock options pursuant to the  treasury  stock
method.   Options in the amount of 73,704 and 81,119  shares  for
the  three and six months ended June 30, 2004, respectively,  and
105,438 and 97,236 shares for the three and six months ended June
30,  2003,  respectively  are included in  the  diluted  weighted
average shares outstanding.

The  following  table sets forth the components of the  Company's
comprehensive  (loss) income for the three and six  months  ended
June 30, 2004 and 2003:

                     Three Months                 Six Months
                 2004          2003           2004          2003

Net Income     $1,668,327    $1,967,394     $4,945,994    $3,769,870
(Decrease)
 increase in
 unrealized
 gain on
 securities
 available
 for sale      (1,691,241)   (1,255,839)    (3,034,772)       869,657
                __________    __________     __________    __________
Comprehensive
 (Loss) Income   $(22,914)    $3,223,233     $1,911,222    $4,639,527
                ==========    ==========     ==========    ==========

NOTE 3 - INVESTMENT PROPERTY AND EQUIPMENT

On March 1, 2004, the Company acquired Bishop's Mobile Home Court
and   Whispering   Pines   Community,   in   Somerset   Township,
Pennsylvania.   Bishop's Mobile Home Court is an existing  family
community  consisting of 124 sites, located  next  to  Whispering
Pines  Community,  a  55-and-older  community  consisting  of  15
existing  home  sites and an additional 60 acres  for  expansion.
The  Company  will rename Bishop's Mobile Home Court as  Somerset
Estates.   The total purchase price was approximately $3,500,000.
The  Company  obtained a $2,000,000 mortgage with Somerset  Trust
Company which matures on February 26, 2019.  The interest rate is
fixed  at 5.25% for three years and is adjusted every three years
based upon the three-year Treasury rate plus 3.25%.

                             Page 8
<PAGE>

NOTE 4 - SECURITIES AVAILABLE FOR SALE AND DERIVATIVE INSTRUMENTS
During  the six months ended June 30, 2004, the Company  sold  or
redeemed $5,762,293 in securities available for sale, recognizing
a  gain  of  $2,133,778.  Included in these sales  are  sales  of
630,900 shares of Monmouth Real Estate Investment Corporation (an
affiliated company) common stock for a gain of $1,475,075.
During  the six months ended June 30, 2004, the Company  invested
in  futures contracts on ten-year Treasury notes with a  notional
amount of $6,000,000, with the objective of reducing the exposure
of  the  debt  securities portfolio to market rate  fluctuations.
Changes  in  the  market  value of these  derivatives  have  been
recorded  in  gain on securities available for sale transactions,
net  with  corresponding amounts recorded in accrued  liabilities
and  deposits  on  the  balance sheet.  The  fair  value  of  the
derivatives at June 30, 2004 was a liability of $119,063.  During
the  quarter ended June 30, 2004, the Company recorded a realized
gain  of $244,924 on settled futures contracts, which is included
in gain on securities available for sale transactions, net.

NOTE 5 - LOANS AND MORTGAGES PAYABLE

Effective  March 1, 2004, the Company extended the  Sandy  Valley
mortgage for an additional five years.  This mortgage payable  is
due on March 1, 2009 with the interest rate reset at 4.75%.

On June 30, 2004, the Company established a $15,000,000 revolving
line  of  credit with PNC Bank.  This facility is for an  initial
three-year period, extendable for an additional year at  the  end
of each year, and is collateralized by four of the Company's Ohio
manufactured home communities, Lake Sherman Village, River Valley
Estates,   Spreading  Oaks  Village  and  Wood  Valley   Estates.
Borrowings  are  at  an  interest rate  of  prime.   This  credit
facility  has  been  put  in  place to finance  acquisitions  and
expansions and for other general corporate purposes.

NOTE 6 - DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN

On  June  15, 2004, the Company paid $1,999,225 of which $462,098
was  reinvested, as a dividend of $.235 per share to shareholders
of  record as of May 17, 2004.  Total dividends paid for the  six
months  ended  June  30, 2004 amounted to  $3,922,731,  of  which
$886,806 was reinvested.  On July 1, 2004, the Company declared a
dividend of $.2375 per share to be paid on September 15, 2004  to
shareholders of record August 16, 2004.

During  the six months ended June 30, 2004, the Company received,
including  dividends reinvested, a total of $6,356,229  from  the
Dividend  Reinvestment  and  Stock  Purchase  Plan.   There  were
447,007 new shares issued under the Plan.

                               Page 9
<PAGE>

NOTE 7 - EMPLOYMENT AGREEMENTS

The Company has an employment agreement with Mr. Eugene W. Landy,
Chairman   of   the  Board.   Under  this  agreement   his   base
compensation  was  $150,000 per year.  This contract  expired  in
1998  and  had  been  renewed  for one-year  periods.   Effective
January  1,  2004,  this agreement was amended  to  increase  Mr.
Landy's annual base compensation to $175,000.  Additionally,  Mr.
Landy's pension benefit of $50,000 per year has been extended for
an  additional  three  years.  This  amendment  did  not  have  a
material impact on the Company's financial statements.

NOTE 8 -  CONTINGENCIES

The  Company is subject to claims and litigation in the  ordinary
course  of business.  Management does not believe that  any  such
claim  or litigation will have a material adverse effect  on  the
consolidated balance sheet or results of operations.


NOTE 9 - SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid during the six months ended June 30, 2004 and 2003  for
interest  was $1,518,497 and $1,699,915, respectively.   Interest
cost capitalized to Land Development was $89,000 and $68,500  for
the six months ended June 30, 2004 and 2003, respectively.

During  the six months ended June 30, 2004 and 2003, the  Company
had    dividend   reinvestments   of   $886,806   and   $899,258,
respectively, which required no cash transfers.

                              Page 10

<PAGE>

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS  AND
RESULTS OF OPERATIONS

OVERVIEW

The   following  discussion  and  analysis  of  the  consolidated
financial condition and results of operations should be  read  in
conjunction with the Consolidated Financial Statements and  notes
thereto  included  elsewhere herein and in our annual  report  on
Form 10-K for the year ended December 31, 2003.

The  Company  is  a  real estate investment  trust  (REIT).   The
Company's  primary  business is the ownership  and  operation  of
manufactured home communities - leasing manufactured home  spaces
on  a  month-to-month basis to private manufactured home  owners.
The  Company  owns and operates 27 communities  with  over  6,200
sites.   These communities are located in New Jersey,  New  York,
Ohio,  Pennsylvania and Tennessee.  The Company also leases homes
to  residents and, through its taxable REIT subsidiary, UMH Sales
and Finance, Inc. (S&F), sells homes to residents and prospective
residents of our communities.

The  Company also holds a portfolio of securities of other  REITs
of  $25,582,531 at June 30, 2004.  The Company from time to  time
may  purchase  these securities on margin when an adequate  yield
spread  can  be  achieved.   At  June  30,  2004,  the  Company's
portfolio consists of 60% preferred stocks, 27% common stocks and
13%  debentures.  The securities portfolio provides  the  Company
with liquidity and additional income.

The  Company's revenue primarily consists of rental  and  related
income  from  the operation of the manufactured home communities.
Revenues  also include sales of manufactured homes, interest  and
dividend  income  and  gain  on  securities  available  for  sale
transactions, net.  Total revenues decreased 2.5% for  the  three
months ended June 30, 2004 as compared to the three months  ended
June  30,  2003  primarily  due to a  decrease  in  dividend  and
interest  income  as  a  result of sales  of  securities.   Total
revenues increased 9.4% for the six months ended June 30, 2004 as
compared to the six months ended June 30, 2003 primarily  due  to
an   increase   in   gain  on  securities  available   for   sale
transactions,  net and the acquisition of a new community  during
the  first  quarter  of  2004.  On March  1,  2004,  the  Company
acquired  a  manufactured home community  in  Somerset  Township,
Pennsylvania.
                              Page 11

<PAGE>

CHANGES IN RESULTS OF OPERATIONS

Rental  and  related  income increased from  $5,226,202  for  the
quarter  ended June 30, 2003 to $5,386,252 for the quarter  ended
June   30,  2004.   Rental  and  related  income  increased  from
$10,375,813 for the six months ended June 30, 2003 to $10,731,002
for  the six months ended June 30, 2004.  This was primarily  due
to  the acquisitions of the new communities during 2003 and  2004
and  rental increases to residents. The Company has been  raising
rental  rates  by approximately 3% to 4% annually.  Interest  and
dividend  income  decreased from $811,562 for the  quarter  ended
June  30,  2003 to $652,788 for the quarter ended June 30,  2004.
Interest  and dividend income decreased from $1,696,923  for  the
six  months ended June 30, 2003 to $1,392,615 for the six  months
ended  June 30, 2004.  This was due primarily to a lower  average
balance  of  securities in 2004 as a result of sales during  2003
and  2004.   Gain  on securities available for sale  transactions
amounted to $313,424 and $477,065 for the quarters ended June 30,
2004  and  2003, respectively.  Gain on securities available  for
sale transactions amounted to $2,133,778 and $671,581 for the six
months ended June 30, 2004 and 2003, respectively.  This increase
was  primarily  the  result  of the Company's  decision  to  take
advantage of the rise in price of the securities portfolio in the
fourth quarter of 2003 and the first quarter of 2004.  Management
does not expect to recognize the same level of realized gains  on
sale  of securities in future quarters due to a decline in market
values  of  REIT securities occurring after the first quarter  of
2004.  See Safe Harbor Statement on page 14

Community  operating expenses increased from $2,488,873  for  the
quarter  ended June 30, 2003 to $2,670,114 for the quarter  ended
June  30,  2004.  Community  operating  expenses  increased  from
$4,835,524  for the six months ended June 30, 2003 to  $5,129,779
for  the six months ended June 30, 2004.  This was primarily  due
to  the acquisitions of the new communities in the latter half of
2003  and  2004 and increased real estate taxes, health insurance
and sewer expenses.  General and administrative expenses remained
relatively stable for the quarter and six months ended  June  30,
2004  as  compared to the quarter and six months ended  June  30,
2003.   Interest expense decreased from $803,380 for the  quarter
ended  June 30, 2003 to $689,785 for the quarter ended  June  30,
2004.   Interest expense decreased from $1,631,415  for  the  six
months ended June 30, 2003 to $1,429,497 for the six months ended
June  30,  2004.  This was primarily due to a decrease  in  loans
payable  and  the  refinancing  of existing  mortgages  at  lower
interest  rates.   Depreciation expense increased  from  $716,780
for  the  quarter ended June 30, 2003 to $793,368 for the quarter
ended   June  30,  2004.  Depreciation  expense  increased   from
$1,433,439  for the six months ended June 30, 2003 to  $1,564,068
for  the six months ended June 30, 2004.  This was primarily  due
to  the  acquisitions  of the new communities.   Amortization  of
financing  costs remained relatively stable for the  quarter  and
six months ended June 30, 2004 as compared to the quarter and six
months ended June 30, 2003.
                              Page 12

<PAGE>

CHANGES IN RESULTS OF OPERATIONS, (CONT'D.)


Sales of manufactured homes amounted to $1,689,340 and $1,734,572
for  the  quarters  ended June 30, 2004 and  2003,  respectively.
Sales of manufactured homes amounted to $3,231,682 and $3,230,665
for  the  six  months ended June 30, 2004 and 2003, respectively.
Cost  of  sales of manufactured homes amounted to $1,302,595  and
$1,349,726  for  the  quarters ended  June  30,  2004  and  2003,
respectively.  Cost of sales of manufactured  homes  amounted  to
$2,519,807 and $2,542,745 for the six months ended June 30,  2004
and  2003,  respectively.  Selling expenses amounted to  $297,156
and  $297,640  for  the quarters ended June 30,  2004  and  2003,
respectively.

Selling  expenses amounted to $642,451 and $572,878 for  the  six
months  ended  June  30,  2004  and  2003,  respectively.   These
fluctuations  are  directly attributable to the  fluctuations  in
sales.   Income  from  sales  operations  (defined  as  sales  of
manufactured homes less cost of sales of manufactured homes  less
selling expenses) amounted to $89,589 for the quarter ended  June
30,  2004  as compared to $87,206 for the quarter ended June  30,
2003.  Income from sales operations amounted to $69,424  for  the
six  months ended June 30, 2004 as compared to $115,042  for  the
six  months ended June 30, 2003.  This decrease was primarily due
to  an  increase in personnel costs.  The Company  believes  that
sales  of new homes, into the Company's parks produces new rental
revenue and upgrades the communities.

LIQUIDITY AND CAPITAL RESOURCES

Net   cash  provided  by  operating  activities  increased   from
$3,048,856  for the six months ended June 30, 2003 to  $3,724,425
for the six months ended June 30, 2004 primarily due to a smaller
increase in notes and other receivables for the six months  ended
June  30, 2004 as compared to the six months ended June 30, 2003.
The Company received, including dividends reinvested of $886,806,
new  capital of $6,356,229 through its Dividend Reinvestment  and
Stock  Purchase  Plan  (DRIP).  The Company sold  $5,762,293,  at
cost, and purchased $3,283,385 of securities of other real estate
investment  trusts. Mortgages Payable increased by $37,386  as  a
result  of  a  new  mortgage of $2,000,000  partially  offset  by
principal  repayments of $1,962,614.  Loans payable decreased  by
$6,498,363  due primarily to principal repayments.   The  Company
also  established  a  $15,000,000 revolving  line  of  credit  to
finance   acquisitions  and  expansions  and  for  other  general
corporate  purposes.    The Company believes that funds generated
from  operations together with the financing and  refinancing  of
its properties will be sufficient to meet its needs over the next
several years.

                             Page 13
<PAGE>

FUNDS FROM OPERATIONS

Funds  from  Operations (FFO) is defined as net income  excluding
gains  (or  losses)  from  sales  of  depreciable  assets,   plus
depreciation.  FFO should be considered as a supplemental measure
of  operating  performance used by real estate  investment  trust
(REITs).  FFO excludes historical cost depreciation as an expense
and  may  facilitate the comparison of REITs which have different
cost   bases.   The  items  excluded  from  FFO  are  significant
components in understanding and assessing the Company's financial
performance.   FFO  (1)  does  not  represent  cash   flow   from
operations   as   defined   by  generally   accepted   accounting
principles; (2) should not be considered as an alternative to net
income  as  a measure of operating performance or to  cash  flows
from  operating, investing and financing activities; and  (3)  is
not  an alternative to cash flow as a measure of liquidity.  FFO,
as  calculated by the Company, may not be comparable to similarly
entitled measures reported by other REITs.

FUNDS FROM OPERATIONS, (CONT'D.)

The Company's FFO for the three and six months ended June 30,
2004 and 2003 is calculated as follows:

                         Three Months              Six Months
                          2004         2003        2004         2003

Net Income            $1,668,327   $1,967,394  $4,945,994   $3,769,870
Loss (Gain) on Sale
 of Depreciable Assets     6,769     (31,252)      12,028     (37,554)

Depreciation
Expense                  793,368      716,780   1,564,068    1,433,439
                      __________    _________  __________    _________

FFO                   $2,468,464   $2,652,922  $6,522,090   $5,165,755
                      ==========   ==========  ==========   ==========

The  following  are the cash flows provided (used) by  operating,
investing and financing activities for the six months ended  June
30, 2004 and 2003:

                                         2004         2003

      Operating Activities          $3,724,425   $3,048,856
      Investing Activities         (1,236,529)      612,118
      Financing Activities         (4,169,898)  (4,273,180)

                                 Page 14
<PAGE>

CONTROLS AND PROCEDURES

The   Company's  Chief  Executive  Officer  and  Chief  Financial
Officer,  with  the assistance of other members of the  Company's
management,  have  evaluated the effectiveness of  the  Company's
disclosure  controls and procedures as of the end of  the  period
covered  by  this Quarterly Report on Form 10-Q.  Based  on  such
evaluation,  the  Company's  Chief Executive  Officer  and  Chief
Financial  Officer  have concluded that the Company's  disclosure
controls and procedures are effective.

The Company's Chief Executive Officer and Chief Financial Officer
have  also concluded that there have not been any changes in  the
Company's  internal control over financial reporting  during  the
quarter ended June 30, 2004 that has materially affected,  or  is
reasonably  likely  to materially affect, the Company's  internal
control over financial reporting.

SAFE HARBOR STATEMENT

This  Form  10-Q  contains  various "forward-looking  statements"
within  the  meaning  of  the Securities  Act  of  1933  and  the
Securities  Exchange  Act of 1934, and the Company  intends  that
such  forward-looking statements be subject to the  safe  harbors
created  thereby.  The words "may", "will", "expect",  "believe",
"anticipate",  "should",  "estimate",  and  similar   expressions
identify   forward-looking  statements.   These   forward-looking
statements  reflect the Company's current views with  respect  to
future events and finance performance, but are based upon current
assumptions  regarding the Company's operations,  future  results
and  prospects, and are subject to many uncertainties and factors
relating  to  the  Company's operations and business  environment
which  may  cause  the  actual  results  of  the  Company  to  be
materially different from any future results expressed or implied
by such forward-looking statements.

Such factors include, but are not limited to, the following:  (i)
changes   in   the  general  economic  climate;  (ii)   increased
competition in the geographic areas in which the Company owns and
operates  manufactured  housing communities;  (iii)   changes  in
government  laws  and regulations affecting manufactured  housing
communities; and (iv)  the ability of the Company to continue  to
identify,  negotiate and acquire manufactured housing communities
and/or  vacant  land  which  may be developed  into  manufactured
housing  communities  on terms favorable  to  the  Company.   The
Company undertakes no obligation to publicly update or revise any
forward-looking   statements  whether  as   a   result   of   new
information, future events, or otherwise.

                             Page 15
<PAGE>


                             PART II

                        OTHER INFORMATION


Item 1 - Legal Proceedings - none

Item 2 - Changes in Securities, Use of Proceeds and
  Issuer Purchases of Equity Securities- none

Item 3 - Defaults Upon Senior Securities - none

Item 4 - Submission of Matters to a Vote of Security Holders

   The  annual  meeting of shareholders was held on  June  10,
   2004  to  elect  members of the Board of Directors  and  to
   approve the selection of independent auditors.  Proxies for
   the  meeting were solicited pursuant to Regulation 14 under
   the Securities and Exchange Act of 1934.

Item 5 - Other Information - none

Item 6 - Exhibits and Reports on Form 8-K -

     (a)  Exhibits -

       31.1
       CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
       AS ADOPTED PURSUANT TO
       SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

       31.2
       CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
       AS ADOPTED PURSUANT TO
       SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

       32
       CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
       AS ADOPTED PURSUANT TO
       SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     (b)  Reports on Form 8-K -  none

                                 Page 16
<PAGE>

                           SIGNATURES


Pursuant to the requirements of the Securities and Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.

                    UNITED MOBILE HOMES, INC.


DATE:       August 4, 2004         By /s/ Samuel A. Landy
                                   Samuel A. Landy
                                   President




DATE:       August 4, 2004         By /s/ Anna T. Chew
                                   Anna T. Chew
                                   Vice President and
                                   Chief Financial Officer














                              Page 17

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>umhexh311.txt
<DESCRIPTION>EXHIBIT 31.1
<TEXT>

                                                 Exhibit 31.1
                       CERTIFICATIONS

I, Eugene W. Landy, certify that:

  1.   I  have reviewed this quarterly report on Form  10-Q
     of United Mobile Homes, Inc.;

  2.   Based on my knowledge, this report does not contain any
     untrue statement of a material fact or omit to state  a
     material fact necessary to make the statements made, in
     light of the circumstances under which such statements were
     made, not misleading with respect to the period covered by
     this report;

  3.   Based on my knowledge, the financial statements, and
     other financial information included in this report, fairly
     present in all material respects the financial condition,
     results of operations and cash flows of the registrant as
     of, and for, the periods presented in this report;

  4.   The registrant's other certifying officer(s) and I are
     responsible for establishing and maintaining disclosure
     controls and procedures (as defined in Exchange Act Rules
     13a-15(e) and 15d-15(e)) for the registrant and have:

       (a) Designed such disclosure controls and
       procedures, or caused such disclosure controls and
       procedures to be designed under our supervision, to
       ensure that material information relating to the
       registrant, including its consolidated subsidiaries,
       is made known to us by others within those entities,
       particularly during the period in which this report
       is being prepared;

       (b) Evaluated the effectiveness of the registrant's
       disclosure controls and procedures and presented in
       this report our conclusions about the effectiveness
       of the disclosure controls and procedures, as of the
       end of the period covered by this report based on
       such evaluation; and

       (c) Disclosed in this report any change in the
       registrant's internal control over financial
       reporting that occurred during the registrant's most
       recent fiscal quarter (the registrant's fourth
       fiscal quarter in the case of an annual report) that
       has materially affected, or is reasonably likely to
       materially affect, the registrant's internal control
       over financial reporting; and

  5.   The registrant's other certifying officer(s) and I have
     disclosed, based on our most recent evaluation of internal
     control  over  financial reporting, to the registrant's
     auditors and the audit committee of the registrant's board
     of  directors  (or  persons performing  the  equivalent
     functions):



<PAGE>

       (a) All significant deficiencies and material
       weaknesses in the design or operation of internal
       control over financial reporting which are
       reasonably likely to adversely affect the
       registrant's ability to record, process, summarize
       and report financial information; and

       (b) Any fraud, whether or not material, that
       involves management or other employees who have a
       significant role in the registrant's internal
       control over financial reporting.



August 4, 2004
By:  /s/ Eugene W. Landy
Eugene W. Landy
Chief Executive Officer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>umhexh312.txt
<DESCRIPTION>EXHIBIT 31.2
<TEXT>

                                           Exhibit 31.2

                       CERTIFICATIONS

I,    Anna T. Chew, certify that:


  1.    I have reviewed this quarterly report on Form 10-Q of
     United Mobile Homes, Inc.;

  2.   Based on my knowledge, this report does not contain any
     untrue statement of a material fact or omit to state  a
     material fact necessary to make the statements made, in
     light of the circumstances under which such statements were
     made, not misleading with respect to the period covered by
     this report;

  3.    Based on my knowledge, the financial statements, and
     other financial information included in this report, fairly
     present in all material respects the financial condition,
     results of operations and cash flows of the registrant as
     of, and for, the periods presented in this report;

  4.   The registrant's other certifying officer(s) and I are
     responsible for establishing and maintaining disclosure
     controls and procedures (as defined in Exchange Act Rules
     13a-15(e) and 15d-15(e)) for the registrant and have:

       (a) Designed such disclosure controls and
       procedures, or caused such disclosure controls and
       procedures to be designed under our supervision, to
       ensure that material information relating to the
       registrant, including its consolidated subsidiaries,
       is made known to us by others within those entities,
       particularly during the period in which this report
       is being prepared;

       (b) Evaluated the effectiveness of the registrant's
       disclosure controls and procedures and presented in
       this report our conclusions about the effectiveness
       of the disclosure controls and procedures, as of the
       end of the period covered by this report based on
       such evaluation; and

       (c) Disclosed in this report any change in the
       registrant's internal control over financial
       reporting that occurred during the registrant's most
       recent fiscal quarter (the registrant's fourth
       fiscal quarter in the case of an annual report) that
       has materially affected, or is reasonably likely to
       materially affect, the registrant's internal control
       over financial reporting; and

  5.    The registrant's other certifying officer(s) and I have
     disclosed, based on our most recent evaluation of
     internal control over financial reporting, to the
     registrant's auditors and the audit committee of the
     registrant's board of directors (or persons performing
     the equivalent functions):



<PAGE>

       (a) All significant deficiencies and material
       weaknesses in the design or operation of internal
       control over financial reporting which are
       reasonably likely to adversely affect the
       registrant's ability to record, process, summarize
       and report financial information; and



       (b) Any fraud, whether or not material, that
       involves management or other employees who have a
       significant role in the registrant's internal
       control over financial reporting.


Date: August 4, 2004



By:  /s/ Anna T. Chew
      Anna T. Chew Exhibit 32


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>4
<FILENAME>umhexh32.txt
<DESCRIPTION>EXHIBIT 32
<TEXT>
                                                     Exhibit 32

              CERTIFICATION OF CEO PURSUANT TO
                   18 U.S.C. SECTION 1350,
                   AS ADOPTED PURSUANT TO
        SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of
United Mobile Homes, Inc. (the "Company") for the quarterly
period ended June 30, 2004 as filed with the Securities and
Exchange Commission on the date hereof (the "Report"),
Eugene W. Landy, as Chief Executive Officer of the Company,
and Anna T. Chew, as Chief Financial Officer, each hereby
certifies, pursuant to 18 U.S.C. (section) 1350, as adopted
pursuant to (section) 906 of the Sarbanes-Oxley Act of 2002,
that, to the best of his knowledge:

(1) The Report fully complies with the requirements of
section 13(a) or 15(d) of the Securities Exchange Act of
1934; and

(2) The information contained in the Report fairly presents,
in all material respects, the financial condition and
results of operations of the Company.







By:     /s/ Eugene W. Landy
Name:   Eugene W. Landy
Title:  Chief Executive Officer
Date:   August 4, 2004






By:    /s/ Anna T. Chew
Name:  Anna T. Chew
Title: Chief Financial Officer
Date:  August 4, 2004



</TEXT>
</DOCUMENT>
</SUBMISSION>
