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Sure, you have to live somewhere but: "While rental prices rose nationwide in this period, an analysis of Census data shows median rates increased at a slower
by ksherlock 3y ago
Sure, you have to live somewhere but:
"While rental prices rose nationwide in this period, an analysis of Census data shows median rates increased at a slower pace in the areas immediately around all 12 schools than the pace for the least expensive options on those campuses."
ie, the cost of living in a dorm is rising faster than the cost of living off campus.
Some colleges require freshman to live in dorms.
- randomdata 3y ago> ie, the cost of living in a dorm is rising faster than the cost of living off campus. And the article is about how there is now more choice in dorm rentals (i.e. from basic accommodations to mansion-living). Generally there was no mansion option in the past, and now there is, and that means some students will opt to pay more for the nicer accommodations – and that is going to reflect in the numbers. If a neighbourhood with 100 modest houses sees construction of 100 mansions, the median value of houses in the area is going to skyrocket too. That doesn't mean the modest houses suddenly cost more. The same article indicates that a basic unit is $500 per month. I'd love to know where you can rent an off-campus place for less than that. You would never find such a thing around here – not even if you are willing to settle for a crack den.