US Student Accommodation Market Size (2024 - 2029)

The market size of the US student accommodation sector is experiencing growth, with a positive outlook for the future. This growth is driven by the reopening of educational institutions post-COVID-19, which has led to increased demand and higher prices for student accommodation. The industry's confidence is further bolstered by an uptick in pipeline projects. The steady rise in domestic and international student numbers is also contributing to the expansion of the market. Different types of accommodation, such as traditional dormitories, purpose-built student housing, private apartments, and homestays, are available, with purpose-built student housing gaining popularity due to its student-friendly features. The market is also witnessing increased investment for the development of advanced student housing complexes.

Market Size of US Student Accommodation Industry

US Student Accommodation Market Summary
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

US Student Accommodation Market 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 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
Student Apartments
On-Campus hosuing
Off-Campus Housing
Other Types
By Service Type
By Application
Other Applications

US Student Accommodation Market Size Summary

The US student accommodation market has seen significant growth, with revenue generation increasing in the current year. The market is expected to continue this upward trend in the forecast period, with a compound annual growth rate (CAGR) indicating a robust and steady growth. The reopening of educational facilities post-COVID-19 has led to a surge in demand for student accommodation, with an associated rise in accommodation prices. This has further bolstered the confidence of student accommodation providers, as reflected in the increase in pipeline projects. The market is experiencing a rise in demand for student accommodation in residential settings due to an increase in both international and domestic student numbers. The popularity of purpose-built student housing (PBSA) is on the rise, with investment in the development of advanced and contemporary student housing complexes also increasing. Major cities with renowned universities are particularly responsive to this trend. The future of the US student accommodation market looks promising, with opportunities for discerning investors continuing to be present.

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US Student Accommodation Market Size - Table of Contents


    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Continued Expansion of Higher Education

      2. 1.2.2 The Surge in the Number of International Students

    3. 1.3 Market Restraints

      1. 1.3.1 Affordability and Shortage of Supply

      2. 1.3.2 High Cost for International Students

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitutes

      5. 1.4.5 Intensity of Competitive Rivalry

    5. 1.5 Insights on Current Trends and Innovations in the Market

    6. 1.6 Impact of COVID-19 on the Market


    1. 2.1 By Type

      1. 2.1.1 Homestays

      2. 2.1.2 Student Apartments

      3. 2.1.3 On-Campus hosuing

      4. 2.1.4 Off-Campus Housing

      5. 2.1.5 Dormitory

      6. 2.1.6 Other Types

    2. 2.2 By Service Type

      1. 2.2.1 Wi-Fi

      2. 2.2.2 Laundry

      3. 2.2.3 Utilities

      4. 2.2.4 Dishwasher

      5. 2.2.5 Parking

    3. 2.3 By Application

      1. 2.3.1 Graduates

      2. 2.3.2 Sophomore

      3. 2.3.3 Post-Graduates

      4. 2.3.4 Other Applications

US Student Accommodation Market Size FAQs

The US Student Accommodation Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)

COAST, EdR, Aspen Heights, Peak Campus and Greystar Advantage are the major companies operating in the US Student Accommodation Market.

US Student Accommodation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)