In 2017 and 2018, about 45,500 thousand student housing beds were delivered in the United States. Student housing occupancy rates in the United States follow a predictable pattern over the course of the school year, increasing steadily from about five percent in October to about 94 percent by August. In the United States there is a high demand for student housing, with a vacancy rate of about 2.6 percent in 2018, a figure which is expected to decrease to 2.3 percent in 2019. In order to accommodate this demand, the inventory growth of student housing units is expected to reach 2.5 percent in 2019, up from 1.4 percent in the previous year.
In the United States, student housing is often not inexpensive, and rental rates are constantly increasing. Auburn University had the highest average annual rent growth for student housing, at eight percent. On average, rent growth of student housing units in the U.S. is at about 3.3 percent per year. On campus housing is also not always more affordable than off campus housing, or vice versa. In Berkeley, California the average monthly housing cost for an on campus unit is about 1,861 U.S. dollars, compared to 2,263 dollars on average for an off campus unit. However, in Tallahassee, FL on campus housing is more expensive than off campus housing, on average.
There are several major corporations that control a significant share of the student housing market. American Campus Communities is the largest and most powerful of these, owning over 100 thousand student beds in the United States, and 169 properties. The company generated about 829 million dollars in revenue in 2018, and 117 million dollars in net income.