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Student Housing News

Amber's US International Student Housing Annual Report 2023-24

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February 2, 2024
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2mins
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US International Student Housing Annual Report 2023-24

US International Student Housing Annual Report 2023-24

The United States' student housing market has witnessed a notable transformation with a surge in international student numbers, crossing the one-million mark, driven by a remarkable 39% growth in Indian student enrollments during 2020-2023.

Amber's latest-US International Student Housing Report 2023-24 uncovers the student housing rental market valuation of $131 billion, with a steady growth trajectory and sustained 9.78% year-on-year rental increase.  The US student housing market has observed increasing investor interest owing to rising demand and influx of international student migration from top source countries.

India is poised to overtake China in terms of new under-graduate & post-graduate student enrolments by 2024-25. The trend of decline in Chinese student enrolment numbers is projected to continue in the coming decade due to geopolitical issues between the US and China. Delve into forecasts for international student migration, their purchasing journey, preferences, including a comprehensive analysis of the international student housing market size and regional investment activities.

Report Highlights

  1. Market valuation & pipeline: US student housing commands a staggering $131 billion valuation with an expansive 8.56 million-bed pipeline.
  2. International student dynamics: The US currently hosts 1.4 million active international students.
  3. Top source countries: India, Nigeria, South Korea, Canada, Vietnam and more.
  4. Declining Chinese enrolment: China’ sharp decline of 22% in enrollment numbers has also been observed in the last 3 years.
  5. Rental yield & growth: US student housing excels with a robust 9.04% national average rental yield and 9.78% rental growth.
  6. Factors driving market growth: International students contribute $40 billion to the US economy.
  7. International student rental insights: Annual housing costs for international students range from $10,000 to $20,000, with 20% higher rents than for domestic students.

The report aims to reveal evolving market dynamics through data-driven insights, identify growth opportunities for US student housing operators and investors, with the goal of future-proofing their businesses. Download this exclusive report now!

About amber

Amber is a technology and data-driven company providing student housing solutions since 2016, to 500+ property management groups and operators across the UK, Australia, the US, Canada, Europe, and other major education destinations. We specialize in the international student market with a reach spanning over 160 origin countries, catering to a network of 80 million students globally. Amber strategically collaborates with partners to future-proof their businesses within an ever-evolving market landscape.