The Latest Student Housing Industry Statistics Explained
1. In 2020, the student housing industry in the US was valued at 11.2 billion USD.
The statistic that in 2020, the student housing industry in the US was valued at 11.2 billion USD provides a snapshot of the financial scale and importance of this sector within the country’s economy. This figure represents the total value of all student housing properties, services, and related businesses in the US market during that year. The significant valuation of 11.2 billion USD highlights the sizable investment and revenue potential within the student housing industry, indicating a substantial market demand for accommodation services catering to college and university students. This statistic serves as a key indicator for real estate investors, property developers, and policymakers to gauge the economic significance and growth opportunities within the student housing market in the US.
3. On average, out-of-state students paid $11,510 per year for room and board for the year 2019-2020.
The statistic ‘On average, out-of-state students paid $11,510 per year for room and board for the year 2019-2020’ means that when considering a group of out-of-state students for the 2019-2020 academic year, the average amount they paid for room and board expenses annually was $11,510. This average was calculated by summing the total amount of money paid by all out-of-state students for room and board and then dividing that total by the number of out-of-state students in the group. This statistic provides a general idea of the typical amount paid by out-of-state students for these expenses during the specified academic year, offering valuable information for students, universities, and policymakers regarding the financial aspects of attending college for out-of-state students.
5. In the US, in 2020 there were 48,213 businesses providing student housing.
The statistic ‘In the US, in 2020 there were 48,213 businesses providing student housing’ indicates the total number of businesses that were involved in offering housing services specifically tailored for students across the United States in the year 2020. This statistic highlights the substantial presence and demand for specialized student housing accommodations within the country. Such data can be vital for policymakers, real estate developers, and educational institutions to understand the scale of the student housing market and make informed decisions regarding investment, expansion, or regulations in this sector. Moreover, trends in this statistic can reflect broader changes in the education sector, demographics, and housing market dynamics impacting both students and the overall economy.
6. 2018 marked the first time in the US student housing industry that institutionally-operated beds exceeded third-party managed beds.
The statistic indicates that in the year 2018, for the first time in the history of the US student housing industry, there were more beds operated by institutions themselves than by third-party management companies. This shift signifies a significant change in the landscape of student housing management, suggesting that colleges and universities are increasingly taking direct control of their student housing facilities rather than outsourcing the management to external firms. This trend could have various implications for the industry, potentially impacting competitiveness, pricing, and overall quality of student housing services provided to students across the country.
8. There are more than 6,000 college and universities in the U.S. and most do not have enough on-campus housing to accommodate all their students, leading to a high demand for off-campus student housing.
The statistic, 8, refers to the sizable number of colleges and universities in the U.S., totaling more than 6,000 institutions. Given this large number, it is explained that many of these higher education establishments lack sufficient on-campus housing options to accommodate all of their enrolled students. As a consequence, there is a substantial need for off-campus student housing in order to provide living arrangements for those students who cannot be accommodated within the limited on-campus housing capacity. This high demand for off-campus student housing underscores the importance of having accessible and suitable housing options for college and university students across the country in order to support their academic pursuits and personal well-being.
9. In Europe, the student housing market is expected to expand at a CAGR of 3.8% during the period from 2016 to 2024.
The statistic ‘In Europe, the student housing market is expected to expand at a compound annual growth rate (CAGR) of 3.8% during the period from 2016 to 2024’ indicates the projected growth rate of student housing in Europe over the specified timeframe. The CAGR of 3.8% suggests that, on average, the market is expected to increase by 3.8% each year from 2016 to 2024. This growth rate serves as an important indicator for investors, policymakers, and other stakeholders in understanding the potential expansion of student housing opportunities in Europe and can help in making informed decisions related to investments, development projects, and regulatory measures within the student housing sector.
10. In the US, pre-leasing for the 2021-2022 academic year was 3.7% behind compared to the prior year (as of May 2021).
The statistic “10. In the US, pre-leasing for the 2021-2022 academic year was 3.7% behind compared to the prior year (as of May 2021)” indicates that as of May 2021, the pre-leasing rate for student accommodation for the upcoming 2021-2022 academic year in the United States was 3.7% lower than it was for the previous year at the same time. This statistic suggests that there has been a decrease in the rate at which students are securing housing for the next academic year compared to the prior year. The lower pre-leasing rate may be attributed to various factors such as the ongoing COVID-19 pandemic, uncertainty around in-person learning, financial challenges faced by students, or changes in housing preferences among students. Monitoring trends in pre-leasing rates can provide insights into the demand for student housing and potentially reflect broader shifts in the higher education landscape.
12. According to the USA census data, the number of student housing units in 2016 were totaled at 76,605.
The statistic ’12’ is likely referring to the specific data point of the total number of student housing units in the USA as reported in the 2016 census, which was 76,605. This figure represents the sum total of housing units specifically designated for students across the country at that point in time. This statistic provides valuable information for analyzing and understanding the housing situation for students in the USA in 2016, which can be used for various research purposes, policy planning, and other decision-making processes related to student housing and accommodation.
15. Student housing has become the third most active sector in the UK’s commercial property market with investment levels in 2020 expected to reach £5.3bn.
The statistic indicates that student housing has significantly increased in investment activity within the UK’s commercial property market, ranking as the third most active sector. The data suggest that there is a growing interest and confidence from investors in student housing properties, leading to an expected investment level of £5.3 billion in 2020. This surge in investment likely reflects the perceived stability and potential for returns in the student housing market, driven by factors such as the steady demand for student accommodation and the resilience of the sector even during economic uncertainties. Overall, the statistic signals a robust growth trajectory for the student housing sector in the UK’s commercial property market.
17. More than one-fifth (22%) of post-secondary students in the US live in purpose-built student housing off-campus.
The statistic indicates that a significant proportion of post-secondary students in the US, specifically 22%, reside in off-campus purpose-built student housing. This type of accommodation is specifically designed to cater to the needs and preferences of students, offering amenities and services tailored to university living. The data suggests that more than one-fifth of the total post-secondary student population in the US opts for this particular housing option, which highlights the popularity and demand for such facilities among students pursuing higher education. This trend can have implications for property developers, universities, and policymakers in terms of understanding student housing preferences, planning for future accommodation needs, and potentially shaping the overall student living experience.
19. In March 2021, the vacancy rate for privately owned, purpose-built student housing properties in the US stood at 3.8%.
The statistic ’19. In March 2021, the vacancy rate for privately owned, purpose-built student housing properties in the US stood at 3.8%’ indicates that at that specific point in time, approximately 3.8% of housing units designated for student accommodation in the US were unoccupied and available for rent. This vacancy rate is significant as it reflects the balance between supply and demand in the student housing market, with a lower vacancy rate suggesting a higher demand for student housing. A vacancy rate of 3.8% can be considered relatively low, signaling a healthy demand for student housing properties in the US during that period. This statistic is crucial for investors, developers, and policymakers to understand the current dynamics and potential investment opportunities in the student housing sector.
References
0. – https://www.www.ibisworld.com
1. – https://www.www.axiometrics.com
2. – https://www.www.reit.com
3. – https://www.www.sixthtone.com
4. – https://www.www.census.gov
5. – https://www.www.transparencymarketresearch.com
6. – https://www.www.investopedia.com
7. – https://www.landlordnews.co.uk
8. – https://www.collegedata.com
9. – https://www.www.globest.com
