{"id":8614,"date":"2025-03-04T09:56:15","date_gmt":"2025-03-04T09:56:15","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8614"},"modified":"2025-04-09T10:03:17","modified_gmt":"2025-04-09T10:03:17","slug":"student-housing-market-report-february-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/student-housing-market-report-february-2025\/","title":{"rendered":"Student Housing Market Report \u2013 February 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-alpha-channel-opacity is-style-wide\"\/>\n\n\n\n<p><em>Preleasing reached 54.6% in January, 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\">Report highlights<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Preleasing at Yardi 200 stood at 54.6% in January, ahead of trended 48.2% a year prior<\/li>\n\n\n\n<li>Rent growth continued to cool, dipping to 3.4% to $911 per bed in January and averaging 4.0% for the ongoing season<\/li>\n\n\n\n<li>Partial enrollment data points toward strong growth, compared to previous years<\/li>\n\n\n\n<li>More student housing properties changed hands in 2024 than in 2023, with the average price per bed reaching more than $101,000<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-preleasing-for-the-fall-2025-year-exceeds-50\">Preleasing for the fall 2025 year exceeds 50%<\/h2>\n\n\n\n<p>Estimated preleasing for the 2025-2026 academic year has reached 54.6% in the first month of 2025\u2014ahead of the 48.2% recoded one year prior. As more data is collected, the January 2025 rate will likely decrease, based experience from previous years.<\/p>\n\n\n<p><iframe id=\"datawrapper-chart-hdvlF\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Student Housing Preleasing and Rent Growth (Copy)\" src=\"https:\/\/datawrapper.dwcdn.net\/hdvlF\/1\/\" height=\"510\" 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>A total of 46 schools reached at least 60% preleased as of January, including 17 markets which posted a minimum rate of 80%. Large student housing markets with high preleasing rates were Mizzou (90.8% preleased), Wisconsin (83.7%), Alabama (81.3%), James Madison (79.4%), Auburn (79%) and Purdue (76.7%).<\/p>\n\n\n\n<p>On the other side of the spectrum, 34 schools didn\u2019t exceed the 30% preleased mark, including 13 student housing markets with 10 or more properties, such as Southern California (9% preleased), Brigham Young (20.1%), UNC-Greensboro (21.4%), UT-San Antonio (23.7%), Temple (26.9%) and UC-Davis (28.1%).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-rent-growth-remains-on-downward-trend\">Rent growth remains on downward trend<\/h2>\n\n\n\n<p>The average advertised rents across Yardi 200 universities reached $911 per bed as of January\u2014marking a 3.2% increase year-over-year. With the average rent growth at 4% for the ongoing season, rent growth has decelerated for most of the previous 18 months.<\/p>\n\n\n\n<p>Annual rent growth varies between 24.6% at Ole Miss down to -15.8% at UC-Berkeley. A total of 21 of the Yardi 200 institutions posted double-digit rent growth, while 51 schools experienced year-over-year rent declines in January.<\/p>\n\n\n\n<p>Yardi Matrix has collected enrollment data from 156 schools for the fall 2024 school year, which posted a 1.7% year-over-year growth, compared to 1.2% growth the previous year and 0.1% growth in fall 2022 for the same schools.<\/p>\n\n\n\n<p>New supply has been dropping: in 2024, a total of 35,703 off-campus, dedicated student housing beds came online\u2014marking a decrease from 2023\u2019s 44,746 beds completed. Yardi Matrix forecasts this downward trend to continued over the next several years.<\/p>\n\n\n\n<p>Last year\u2019s total sales volume for student housing communities included 129 properties that changed hands\u201450 more than in 203. The average price per bed increased, landing at $101,000 in 2024.<\/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\/6916-MatrixStudentHousingNationalReport-February2025\"><strong>February 2025<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Preleasing reached 54.6% in January, according to the latest Yardi Matrix national student housing market report. Report highlights Preleasing for the fall 2025 year exceeds 50% Estimated preleasing for the 2025-2026 academic year has reached 54.6% in the first month of 2025\u2014ahead of the 48.2% recoded one year prior. As more data is collected, the [&hellip;]<\/p>\n","protected":false},"author":739,"featured_media":8468,"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-8614","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, follow, max-snippet:-1, max-image-preview:large, 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