{"id":8467,"date":"2025-02-05T12:48:26","date_gmt":"2025-02-05T12:48:26","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8467"},"modified":"2025-03-05T06:46:26","modified_gmt":"2025-03-05T06:46:26","slug":"student-housing-market-report-january-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/student-housing-market-report-january-2025\/","title":{"rendered":"Student Housing Market Report \u2013 January 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/student-housing-market-report\/\">Student Housing Market Report<\/a><\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-herald-txt-color has-alpha-channel-opacity has-herald-txt-background-color has-background is-style-wide\"\/>\n\n\n\n<p><em>Surveyed preleasing reached 47.1% in December, according to the latest Yardi Matrix national student housing market report.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-report-highlights\"><strong>Report highlights<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Preleasing at Yardi 200 stood at 47.1% in December, ahead of trended 39.7% in December 2023<\/li>\n\n\n\n<li>Annual rent growth slowed, reaching 3.8% in December and averaging 4.3% for the season<\/li>\n\n\n\n<li>The average rent per bed climbed to $909 at the end of 2024\u2014the highest on record<\/li>\n\n\n\n<li>During 2024, a total of 129 student housing properties changed hands, exceeding last year\u2019s transaction volume<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-preleasing-ahead-of-previous-years\"><strong>Preleasing ahead of previous years<\/strong><\/h2>\n\n\n\n<p>Following the end of a stellar leasing season, preleasing for the 2025-2026 academic year is beginning on a high note. Surveyed preleasing  clocked in at 47.1% in December 2024, outperforming the previous year\u2019s 39.7% in December 2023.<\/p>\n\n\n<p><iframe id=\"datawrapper-chart-sQISm\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Student Housing Preleasing and Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/sQISm\/1\/\" height=\"493\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n\n\n<p>The student housing preleasing pace is expected to slow as the leasing season progresses and as more data points are collected. Across Yardi 200, a group of 55 schools already achieved 50% preleased in December 2024, while 14 surpassed the 75% preleased mark.<\/p>\n\n\n\n<p>At the other end of the spectrum, 42 universities failed to reach 25% preleased in December, with many of these were behind last year\u2019s pace. The list included UNC-Wilmington (12.2% preleased, 9.7% behind last year), UNC-Greensboro (15.5% preleased, 11.3% behind) and UC-Davis (15.7% preleased, 3.7% behind).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-rents-increase-to-record-high\"><strong>Rents increase to record high<\/strong><\/h2>\n\n\n\n<p>As of December 2024, the average advertised rent per bed hit $909\u2014the highest on record, while annual rent growth reached 3.8% and averaged 4.3% since October. Moreover, in the first three months of the fall 2025 leasing year, rents inched up 1.5%, following a 4.6% growth the previous season.<\/p>\n\n\n\n<p>Rent growth ranged from -17.7% at Cal-Berkeley, to 14.4% at Auburn, which saw a steady increase in enrollment over the past three years. Other markets with strong enrollment growth and no new supply included Ole Miss (14% rent growth), Kennesaw State (12.9%), Kansas (12.8%), Purdue (12.5%) and Oregon State (12.2%).<\/p>\n\n\n\n<p>On a national level, early enrollment data points toward another growth year, suggesting a 2% average growth in enrollment in the Fall 2024 school year\u2014compared to a 1.1% increase the previous year.<\/p>\n\n\n\n<p>In 2024, 129 dedicated student housing properties changed hands, marking a 50-deal increase from 2023 and well above the pre-pandemic average. Notably, deals closed at an average of $101,000 per bedroom\u2014on par with the previous peak in 2020.<\/p>\n\n\n\n<p>Read the full Yardi Matrix National Student Housing Market Report:&nbsp;<a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6788-MatrixStudentHousingNationalReport-January2025\"><strong>January 2025<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Surveyed preleasing reached 47.1% in December, according to the latest Yardi Matrix national student housing market report. Report highlights Preleasing ahead of previous years Following the end of a stellar leasing season, preleasing for the 2025-2026 academic year is beginning on a high note. Surveyed preleasing clocked in at 47.1% in December 2024, outperforming the [&hellip;]<\/p>\n","protected":false},"author":739,"featured_media":8354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,22],"tags":[422],"class_list":["post-8467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends","category-student-housing-market","tag-student-housing-outlook"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Student Housing Market Report | Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"With the latest student housing market report from Yardi Matrix, you&#039;ll get up-to-date preleasing data, rent growth data and more.\" \/>\n<meta name=\"robots\" content=\"index, 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