| College towns are great places for real estate | | | | of economic conditions or the interest rate climate." |
| investments because they have a steady stream of | | | | Additionally, the cap rates will often exceed those of |
| students and faculty in need of housing, as well as | | | | multifamily homes. |
| having the potential for growth as the universities | | | | As universities grow because of the increasing student |
| expand. College towns are inviting even to those | | | | body population, onsite housing is often insufficient to |
| concerned about a location's job market. Many retirees | | | | meet the housing needs. Many students are either |
| in fact are choosing to move to college towns | | | | forced to or choose to live off campus. These |
| because of the variety of cultural and lifestyle benefits | | | | students make up a steady stream of potential |
| college towns offer. The U.S. population is expected to | | | | renters. Because of the high demand for off campus |
| grow about 1 percent a year between now and 2050, | | | | rentals in college towns they are often less vulnerable |
| but towns and cities with large universities will grow at | | | | to housing price declines than non university towns. |
| three times that rate. | | | | When renting to students, be sure to get a substantial |
| According to The New York Times. "With demand for | | | | deposit to cover damage and cleaning costs, or in |
| private student housing expected to remain strong for | | | | case your tenants decide to stop paying rent. Students |
| the next several years, industry experts say, investors | | | | may not be the easiest on your property so be sure |
| can almost bank on steady rent increases regardless | | | | the security deposit you collect is adequate. |