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U.S. Student Housing - statistics & facts

Student housing is an essential cornerstone of student life for any college or university. As students are often not fully employed, they can especially benefit from more affordable housing. In addition, student housing gives students the opportunity to mingle and form communities with their peers in ways that are not possible in traditional housing units. Due to the steady demand for this type of rental housing, student accommodation is traditionally seen as a profitable form of investment. Despite the drastic decrease in transaction volumes in the wake of the coronavirus (COVID-19) pandemic in 2020, the sector bounced back and saw investment volumes double in 2021. While the situation has started to normalize and students are back on the campus, the figures show that the occupancy rate was slightly below the pre-pandemic levels during fall 2020 and fall 2021.

How much does renting a student apartment cost?

The average rent of student housing depends on multiple factors, such as the city, distance from campus, and type of apartment. In college towns, apartments that are closer to the campus tend to have higher rent, than the ones further away. In Fall 2021, the monthly rent of student housing within 0.5 miles distance from campus was 784 U.S. dollars, while properties further than one mile away had average rent of 607 U.S. dollars. Rents also varied across the country: among the universities with the highest occupancy rate, the monthly rent was the highest in the University of Michigan at 1,226 U.S. dollars. Universities in the Southeast and Midwest with high occupation rates tended to experience higher rental growth due to less competition from other forms of housing.

Which are the leading student housing companies?

The top 25 student housing management companies managed a total of about 970,000 beds as of December 2021. American Campus Communities and Asset Living were the two largest, both managing properties with over 130,000 student beds. American Campus Communities also headed the ranking for the most student housing properties owned. In 2021, the company generated over 942.4 million U.S. dollars in revenue from their owned properties, which was an increase from 2020.

Interesting statistics

In the following 6 chapters, you will quickly find the 30 most important statistics relating to "Housing for students in the U.S.".

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