How does the heavy presence of college students affect housing and rental cycles?

Asked by Trulia Boston, Boston, MA Fri Mar 30, 2012

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Louis Wolfs…, Agent, Needham, MA
Fri Mar 30, 2012
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Absolutely it is what has made and continues to fuel the Boston market and its suburbs. Each year 250,000 students come to boston, many of them rent, many of their parents buy and a large portion fall in love with our great area, find employment and stay here.

Rental apartment cycles and the home buying cycles are fairly standard year in year out.

The rental cycle is typically Sept to August to coincide with the Student market.

The single family housing market is not influenced by the student influx, it is driven by holidays, the summer and the kids school year. It goes like this Spring market Jan 2 not much on the market, huge demand, people within the communities want to buy, enjoy their summer and have their kids in school in sept. Spring market last till end of May.

June, July, August price reductions (except good home always sell at any time at asking or close to asking prices (good home move in condition, c/a, 1st fl family room, granite in kit, 2 car gar, nice yard, neighborhood and good school system) also homes priced below market also always sell)

Sept start of school year, kids involved in sports, Oct Halloween, Thanksgiving, Christmas, New Year - Jan 2 spring market.
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Wendy Bian, Agent, Boston, MA
Sat Mar 29, 2014
The areas near BU, BC, Northeastern, and other numerous colleges in town have student-oriented rental market, such as Allston/Brighton, Brookline-BU side, Mission Hill, Symphony area, Fenway-Kenmore. Other areas like Back Bay, Downtown, Beacon Hill, North End are less impacted by students, but still run on 9/1 cycles. These areas just heat up a little later in late spring or summer than those student-oriented rental markets which heat up as early as January.
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Bobby Woofter, Agent, Boston, MA
Wed Jun 27, 2012
The heavy presence of college students has almost created an entirely different rental market. The student market runs almost entirely on a 9/1 cycle. The landlords that rent to professionals for the most part do not accept students and the properties students rent would not appeal to most professionals.
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Territory.c…, Agent, MA,
Wed Apr 4, 2012
College students strongly impact rentals. Saturated rental buildings effect owner occupancy which can negatively impact buying cycles in those buildings. Banks require a higher owner occupancy % otherwise they won't finance.

http://territory.com
Web Reference:  http://territory.com
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CH Naamad, Agent, Boston, MA
Sat Mar 31, 2012
Absolutely. Students ' rentals are a gold mine for investors looking for a long term stable income.
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Ron Campbell, , Boston, MA
Sat Mar 31, 2012
When there is a lot of demand for housing and rental it increase the cost, that is why buying rental property is good investment.
0 votes
The areas near BU, BC, Northeastern, and other numerous colleges in town have student-oriented rental market, such as Allston/Brighton, Brookline-BU side, Mission Hill, Symphony area, Fenway-Kenmore. Other areas like Back Bay, Downtown, Beacon Hill, North End are less impacted by students, but still run on 9/1 cycles. These areas just heat up a little later in late spring or summer than those student-oriented rental markets which heat up as early as January.
Flag Sat Mar 29, 2014
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