Campus Location And Rental Yields
The relationship between a property's location within or near a campus environment and its rental yields is a complex one, influenced by factors such as accessibility to amenities, safety concerns, and proximity to academic institutions.
Rental Yield Variations By Campus Location
On-Campus Rentals vs Off-Campus Rentals
Comparing the two types of rentals, it appears that on-campus housing often comes with a premium price tag due to its convenience. However, this luxury often translates into higher rental yields for landlords who invest in properties close to universities.
Factors Affecting Rental Yields Near Campuses
Safety is a major concern for students looking to rent apartments near their university, and properties that are situated in safe areas tend to attract more tenants at a premium price. The presence of amenities such as pools, gyms, or convenience stores within walking distance also boosts rental yields by providing additional value to potential renters.
Rental Yield Differentials
A general trend observed is that properties situated near major universities experience higher rental yields compared to those further away. This can be attributed to the high demand for housing from students and young professionals who prioritize proximity to their workplaces or educational institutions.