The 2023 NMHC Student Housing Income and Expense Benchmarking Survey is Now Available
Since 2010, the survey has been a vital industry tool for student housing lenders, investors, owners and managers seeking financial guideposts against which to measure both projected and actual performance results.
Buy Now
NMHC Member Price: $500 | Non-member Price: $1,000
The 2023 Survey (Based on 2022 Calendar-Year Data):
The 2023 edition received a record number of submissions from 24 student housing providers. It contains financial data for:
- 1,074 student housing properties
- 203,249 units and 566,008 beds across 49 states.
What’s Included?
- Topline survey analysis by NMHC Research Department, includes breakdown by region and state as well as by property size, age, type (garden, mid-rise, high-rise) and distance from campus.
- Easily navigable Excel file with summary statistics for the 2022 calendar year
- Same-store data for 445 properties for both 2022 and 2020, giving users insights into changes in student housing operating performance over the past two years.
Key findings from this year's report:
Download and read the full Executive Summary
- Growth in gross potential rent, decrease in vacancy costs fueled net rental income growth
- Net rental income was higher in newer, high-rise and small properties
- Far West and small properties reported lower vacancy costs
- Concessions were higher in larger properties and properties farther from campus.
- Operating expenses were lowest in newer properties
NMHC Member Price: $500 | Non-member Price: $1,000
