Member Price: $750.00

Non-Member Price: $1,000.00

Attendees at NMHC's Student Housing Conference (September 15-16 in Washington, DC) will receive a complimentary copy.  Otherwise, the report can be purchased for $750 for NMHC/NAA members, $1,000 for non-members. 

For years, off-campus student housing lenders and investors have been challenged by a relative lack of industry data.  While operating benchmarks are plentiful for the conventional apartment industry, little is available for firms trying to evaluate student housing investment opportunities. 

To help fill that gap, the National Multi Housing Council is pleased to present this first-ever Student Housing Income and Expense Survey.  The survey results are based on data provided by larger off-campus student housing firms for the properties they own and manage. 

This initial report covers 197 student housing properties and will serve as the basis for an expanded survey in 2011 and more detailed analysis of this data in subsequent reports.

The 2010 survey provides information on total operating expenses as a percent of rent along with four selected line items within operating expenses:

1. compensation;
2. maintenance and repair;
3. taxes (property, etc-not income tax) and insurance; and
4. utilities.

A supplemental report (included with all orders) provides information on:

1. Taxes and insurance as separate line items
2. Turnover and marketing costs; and
3. Late fee income

In each of the tables, we show information for the 10^th, 50^th and 90^th percentile.

The data is also broken out further by:

1. By-the-bed vs. by-the-unit;
2. Type of property: garden or mid-high rise; and
3. Age of property: 2003-present; 1998-2002; 1997 and before.

Purchase a copy here.

PRICING AND ORDERING INFORMATION

NMHC Special Off-Campus Student Housing: Income and Expense Benchmarking Survey

• $750 for NMHC/NAA members
• $1,000 for non-members. 
• To order the report, click here.
  • NAA Members: Online orders cannot be processed for NAA members.  Please click here for an order form.

• $1,700 for NMHC/NAA members
• $2,500 for non-members
• To order the package, click here.
  • NMHC Members: Be sure you are logged in to receive the member price.
  • NAA Members:  Online orders cannot be processed for NAA members.  Please click here for an order form.

ADDITIONAL NMHC STUDENT HOUSING RESEARCH

• Off-Campus Student Housing: 2011 Income and Expense Benchmarking Survey . Expands on NMHC's 2010 Off-Campus Student Housing: Income and Expense Benchmarking Survey, providing more in-depth state and regional data for operating and line-item expenses for 341 properties. (2011)

• NMHC Special Student Housing Report: Has the Recession Had an Impact? Seeks to determine whether the dramatic U.S. economic downturn has had an impact on enrollment and on-campus dormitory vacancy rates. 

• On-Campus Housing Costs: More than Meets the Eye.  Researches 181 universities and offers current enrollment, basic demographic data for the locality (from the 2000 Census) and baseline on-campus housing price data and billing practices.
  
  
• What Do Students Want: Understanding Today’s Off-Campus Student Housing Market.  Explores explores what students look for when selecting an off-campus apartment based on in-depth focus groups at nine universities.
  
  
• Student Housing 201: 2004-2006 Rent Growth in 64 College Towns. Tracks rent growth in student housing properties over a two-year period. 
  
  
• Student Housing 101: Where are the Opportunities?  Analyzes the demand for off-campus housing in 64 "college towns" across the country.
  
  
• Student Housing 102: An In-Depth Look at Properties Leased By-the-Bed.  Examines the smaller subset of properties that lease their apartments by the bed instead of by the unit.
  
  
• Student Housing 103: A Survey of 184 University Housing Departments. Examines enrollment trends, existing on-campus housing stock and each school's own prediction of its need for future on-campus housing.