Investors will find the college towns resilient and therefore dependable performers, according to a report from RealPage, which cited that these markets tended to experience higher apartment occupancy than the US overall and more stability overall.
The report said college town markets, however, "offer less upside during boom periods, such as during late 2023 and 2022."
Nonetheless, as of Q4 2023, occupancy in college towns ran 150 basis points above the national norm on a weighted average basis – a delta that has more than doubled since the pandemic.
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