US Student Accommodation Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 6.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Student Accommodation Market Analysis
The US student accommodation market has generated revenue of USD 3.1 billion in the current year and is poised to register a CAGR of 6.5% for the forecast period.
As the effects of the COVID-19 pandemic subsided, educational facilities and campuses reopened, and students began to return; this increased student accommodation demand and, consequently, an increase in accommodation prices. The confidence of student accommodation providers was reinforced by an increase in pipeline projects, which indicated a level of confidence in the industry for the foreseeable future.
The US is experiencing a steady increase in international and domestic student numbers, which has resulted in a rise in the demand for student accommodation in residential settings. Cities with renowned universities have been particularly responsive to this trend. Student accommodation in the region can be found in the form of traditional dormitories, purpose-built student housing (PBSA), private apartments, homestays, and other forms of accommodation. PBSA is gaining popularity due to its convenient features and services tailored to the needs of students. US student housing has seen an increase in investment from both domestic and international investors, leading to the development of advanced and contemporary student housing complexes.
US Student Accommodation Market Trends
Enrolment of Students in the US
The institutional student housing market in the US has been a steady source of demand for real estate investors, with steady enrollment in four-year public universities throughout the business cycle. However, as the millennial generation ages, the college-aged population (aged 18 to 24) has declined, impacting enrollment growth. However, over a longer time frame - from 2020 to 2031 - the US expects enrolment in postsecondary schools to grow by an average of 1.1% annually. Even in a more challenging demographic environment, opportunities for the discerning investor will continue to be there.
Urbanization Boosting the Market
The rapid development of cities has led to the development of higher education institutions like universities and colleges in urban areas. This has led to an increase in student accommodation demand in urban areas. Students are looking for high-quality student accommodation that offers modern amenities, safety, and amenities like a gymnasium, communal areas, study lounges, etc. The promise of stable rental income and high occupancy rate has attracted significant investment in the student accommodation sector by institutional investors and real estate developers.
US Student Accommodation Industry Overview
The report covers major players operating in the US Student Accommodation market. In terms of market share, few major players currently dominate the market. However, with technological advancements and innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into new markets. Some major players are COAST, EdR, Aspen Heights, Peak Campus, Greystar Advantage, etc.
US Student Accommodation Market Leaders
COAST
EdR
Aspen Heights
Peak Campus
Greystar Advantage
*Disclaimer: Major Players sorted in no particular order
US Student Accommodation Market News
- August 2023: Fly Homes, a global student accommodation platform that assists Indian, Nigerian, and Nepalese students in obtaining higher education opportunities abroad, unveiled its student accommodation platform.
- June 2023: University Living, a premier global student accommodation platform, unveiled StudentAccommodationGupt.ai, an AI-driven tool designed to assist students in locating accommodation that best meets their needs. The newly launched tool is designed to reduce the hassle of accommodation hunting by matching students' desired living quarters in a matter of minutes, providing them with a vast selection of available accommodations.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Continued Expansion of Higher Education
4.2.2 The Surge in the Number of International Students
4.3 Market Restraints
4.3.1 Affordability and Shortage of Supply
4.3.2 High Cost for International Students
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
4.5 Insights on Current Trends and Innovations in the Market
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Homestays
5.1.2 Student Apartments
5.1.3 On-Campus hosuing
5.1.4 Off-Campus Housing
5.1.5 Dormitory
5.1.6 Other Types
5.2 By Service Type
5.2.1 Wi-Fi
5.2.2 Laundry
5.2.3 Utilities
5.2.4 Dishwasher
5.2.5 Parking
5.3 By Application
5.3.1 Graduates
5.3.2 Sophomore
5.3.3 Post-Graduates
5.3.4 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 COAST
6.2.2 EdR
6.2.3 Aspen Heights
6.2.4 Peak Campus
6.2.5 Greystar Advantage
6.2.6 The Scion Group
6.2.7 Campus Advantage
6.2.8 American Campus Communities
6.2.9 Core Spaces
6.2.10 University Student Living*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
US Student Accommodation Industry Segmentation
A student accommodation is a well-maintained, professionally managed residence for students. They typically include common areas such as a lounge area, dining area, kitchen area, and bathrooms. The accommodation is provided on a daily or weekly basis.
The US student accommodation market is segmented by type (homestays, student apartments, on-campus housing, off-campus housing, dormitories, other types), by service type (Wi-Fi, laundry, utilities, dishwashers, parking), and by application (graduates, sophomores, post-graduates, other applications).
The report offers market sizes and forecasts for the US student accommodation market in USD for all the above segments.
| By Type | |
| Homestays | |
| Student Apartments | |
| On-Campus hosuing | |
| Off-Campus Housing | |
| Dormitory | |
| Other Types |
| By Service Type | |
| Wi-Fi | |
| Laundry | |
| Utilities | |
| Dishwasher | |
| Parking |
| By Application | |
| Graduates | |
| Sophomore | |
| Post-Graduates | |
| Other Applications |
Frequently Asked Questions
What is the current US Student Accommodation Market size?
The US Student Accommodation Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)
Who are the key players in US Student Accommodation Market?
COAST, EdR, Aspen Heights, Peak Campus and Greystar Advantage are the major companies operating in the US Student Accommodation Market.
What years does this US Student Accommodation Market cover?
The report covers the US Student Accommodation Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the US Student Accommodation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
US Student Accommodation Industry Report
Statistics for the 2024 US Student Accommodation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Student Accommodation analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
