US Student Accommodation Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 1.00% |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
US Student Accommodation Market Analysis
The US Student Accommodation Market is expected to register a CAGR of 1% during the forecast period.
In recent years, the U.S. student accommodation market has witnessed substantial growth, driven by increasing university enrollments and a growing demand for modern housing solutions. In 2024, Landmark Properties delivered 10 new communities, including The Standard at Seattle, a 1,545-bed facility strategically located adjacent to the University of Washington campus. This development highlights a broader trend of significant private sector investments in student housing infrastructure.
Government initiatives have been instrumental in shaping the market landscape. In September 2024, the U.S. Department of Housing and Urban Development (HUD) launched the PRO Housing program, designed to streamline building regulations and expedite housing development. This initiative aims to address housing affordability challenges while enhancing the supply of student accommodations.
Investments from key market players have further strengthened the sector. In July 2024, Investcorp acquired two student housing properties near the University of Florida and the University of Texas at Austin for USD 160 million, adding 914 beds to its portfolio. Similarly, Acumen Cos. announced in February 2024 its intention to invest USD 450 million in student housing across multiple U.S. markets, targeting both Tier 1 and Tier 2 universities.
Looking ahead, the U.S. student accommodation market is positioned for sustained growth, supported by ongoing investments and favorable government policies. As universities expand and student populations grow, the demand for high-quality housing options is expected to remain strong, creating lucrative opportunities for developers and investors.
US Student Accommodation Market Trends
Expansion of Student Housing in High-Demand University Hubs
In 2024 and 2025, the U.S. student housing market demonstrated significant growth in high-demand university hubs, driven by increasing enrollment rates and the demand for modern, purpose-built accommodations. Early in 2024, the University of Michigan commenced the development of a 2,300-bed housing and dining complex near Hoover Avenue and Division Street. This project marks the university's first residential facility specifically designed for first-year students since 1963.
In January 2025, a joint venture between LV Collective and Culpepper Realty Co. initiated the construction of a 953-bed student housing development near Texas A&M University in College Station. The project, covering 752,500 square feet at 313 College Ave., is strategically positioned to address the increasing demand for student accommodations in the region.
In the Midwest, the University of Wisconsin-Madison had 1,564 beds under construction as of September 2024, representing 18.6% of its total housing stock. This development is aimed at addressing the growing demand for student housing in Madison. Similarly, in August 2024, Texas A&M University announced substantial campus infrastructure upgrades to support its expanding student population, further highlighting the rising demand for student housing in College Station.
These developments reflect a nationwide trend of expanding student housing in key university markets, driven by increasing enrollments and the need for modern facilities. As universities continue to grow, such projects are essential to meeting the evolving needs of the student population.
Increasing Demand for Undergraduate Student Housing
In recent years, the U.S. undergraduate enrollment has witnessed significant growth. The National Center for Education Statistics forecasts a 9% increase in total undergraduate enrollment between 2021 and 2031.
This growth has driven a substantial rise in demand for undergraduate housing, prompting universities to scale up their housing infrastructure. For instance, in June 2024, Lynn University commenced construction on a new residence hall, scheduled to open in Fall 2025, to address its expanding student population.
Similarly, the University of California, Santa Barbara, is advancing its San Benito Student Housing project. Construction is set to begin in 2025, with the project expected to deliver 2,224 additional student beds by Fall 2027.
These strategic developments underscore universities' proactive measures to address the escalating demand for undergraduate housing. As enrollment continues to grow, institutions are prioritizing investments in housing infrastructure to ensure adequate accommodations for their students.
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
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COAST
-
EdR
-
Aspen Heights
-
Peak Campus
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Greystar Advantage
- *Disclaimer: Major Players sorted in no particular order
US Student Accommodation Market News
- November 2024: Gilbane Development Company and CBRE Investment Management have announced a strategic partnership to acquire and develop student housing assets across the United States. This collaboration seeks to capitalize on both firms' expertise to address the increasing demand for high-quality student accommodations.
- February 2024: Landmark Properties has initiated construction on The Standard at Los Angeles, a 1,236-bed student housing development located near the University of Southern California (USC). This project is a strategic move to strengthen Landmark's presence in high-demand university markets.
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 Housing | |
| Off-Campus Housing | |
| Dormitory | |
| Other Types | |
| By Service Type | Wi-Fi |
| Laundry | |
| Utilities | |
| Dishwasher | |
| Parking | |
| By Application | Graduates |
| Sophomore | |
| Post-Graduates | |
| Other Applications |
| Homestays |
| Student Apartments |
| On-Campus Housing |
| Off-Campus Housing |
| Dormitory |
| Other Types |
| Wi-Fi |
| Laundry |
| Utilities |
| Dishwasher |
| Parking |
| Graduates |
| Sophomore |
| Post-Graduates |
| Other Applications |
US Student Accommodation Market Research FAQs
What is the current US Student Accommodation Market size?
The US Student Accommodation Market is projected to register a CAGR of 1% during the forecast period (2025-2030)
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: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the US Student Accommodation Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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US Student Accommodation Industry Report
Statistics for the 2025 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 for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
