{"id":8896,"date":"2025-05-13T08:11:28","date_gmt":"2025-05-13T08:11:28","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8896"},"modified":"2025-06-20T08:38:07","modified_gmt":"2025-06-20T08:38:07","slug":"student-housing-market-report-may-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/student-housing-market-report-may-2025\/","title":{"rendered":"Student Housing Market Report \u2013 May 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<p><em>Estimated preleasing reached 73.2% in April, 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 reached 73.2% in April, up 140 basis points year-over-year<\/li>\n\n\n\n<li>Rent growth slowed to 2.0% year-over-year, with average rents per bed falling to $917\u2014marking the first monthly decline since August 2024<\/li>\n\n\n\n<li>Development pipeline continues to contract, with 28,454 beds projected to be delivered for the fall 2025 school year\u2019s start<\/li>\n\n\n\n<li>Investment activity remained steady, with 27 properties sold year-to-date through April at an average of $74,207 per bed<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-preleasing-holds-steady-pace\">Preleasing holds steady pace<\/h2>\n\n\n\n<p>Preleasing activity across the Yardi 200 universities continued to show resilience, reaching 73.2% in April 2025. This marks a 140-basis-point improvement over April 2024 and matches the performance seen two years prior. Despite the headline strength, operators reported increased competition in lease-ups, with many having to lower rents or offer incentives to attract tenants.<\/p>\n\n\n<p><iframe title=\"Student Housing Preleasing and Rent Growth\u00a0\" aria-label=\"Table\" id=\"datawrapper-chart-JtwKQ\" src=\"https:\/\/datawrapper.dwcdn.net\/JtwKQ\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"510\" 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,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n\n\n<p>A total of 21 universities were over 90% preleased in April, including high-demand markets such as Alabama (95.1%), Mizzou (94.7%) and Virginia Tech (94%). Conversely, 21 schools remained below the 50% threshold, particularly in smaller or tertiary markets like UT\u2013Arlington and Houston.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-rents-fall-growth-slows\">Rents fall, growth slows<\/h2>\n\n\n\n<p>April marked the first month-over-month decline in average rent since August 2024, with per-bed pricing falling to $917. Annual rent growth decelerated to 2.0%, down from 2.6% in March and significantly below the 6.4% average seen in recent leasing cycles.<\/p>\n\n\n\n<p>The softening rental environment is being driven by a combination of multifamily market pressures and localized oversupply. Markets such as Tennessee and Arizona State experienced rent declines exceeding 6% year-over-year, while a few strong performers like Mizzou and Michigan posted increases near or above 9%.<\/p>\n\n\n\n<p>The development pipeline for student housing continues to shrink. Yardi Matrix projects 28,454 new beds to be delivered in time for the fall 2025 school year, a steep drop from 36,306 in 2024 and more than 44,000 beds in 2023.<\/p>\n\n\n\n<p>Despite these challenges, student housing investment activity remains stable. Through April, 27 properties changed hands, with an average price of $74,207 per bed. This is a notable drop from 2024, when prices were inflated by several large portfolio transactions. Transaction volume typically increases later in the year as leasing stabilizes.<\/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\/7229-MatrixStudentHousingNationalReportMay2025\"><strong>May 2025<\/strong><\/a>.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Estimated preleasing reached 73.2% in April, according to the latest Yardi Matrix national student housing market report. Report highlights Preleasing holds steady pace Preleasing activity across the Yardi 200 universities continued to show resilience, reaching 73.2% in April 2025. This marks a 140-basis-point improvement over April 2024 and matches the performance seen two years prior. [&hellip;]<\/p>\n","protected":false},"author":739,"featured_media":8778,"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-8896","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 \u2013 May 2025 - 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, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/student-housing-market-report-may-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Student Housing Market Report \u2013 May 2025\" \/>\n<meta property=\"og: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 property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/student-housing-market-report-may-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-13T08:11:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-20T08:38:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/05\/SH-May-iStock-1438181382.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Beata Lorincz\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Student Housing Market Report \u2013 May 2025 - 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