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BYU
Student Condominium Market Trends
The Student Condominium Market at BYU is in good supply. Currently there are 73 properties listed on the market as
"BYU approved" for student off-campus housing.
Fifty-eight of these properties
are condos for sale. Ten are
townhouses for sale. Five are
single family homes for sale.
Prices range from $121,900 for
two bedrooms and one bath to
$191,900 for three bedrooms and
three baths. Parents who contemplate investing in their students
housing while at the same time investing
in the real estate market have a good selection
to choose from. 
Currently seven "BYU approved"
properties are under contract.
Fifty nine properties have sold
in the past 12 months. Prices
for sold condos ranged from a
low of $99,000 for 600 square
feet to $205,900 for 1,215
square feet.
Average rents are $281 to $182 for shared rooms and $325 to $228 for private rooms.
The BYU housing office assist condos owners with
finding student renters. BYU has a student
population of around 30,000.
Real estate has been a good long-term investment. A study of
BYU Condominium prices for more than a decade shows that holding BYU condo properties for the long term
can be a wise investment. Parents of students who need to provide housing
for their students while attending college can pay for their students housing
while also investing. Student roommates can reduce
expenses. Condo investors are also attracted by the
multiple monthly rental incomes for a single condo
unit. (Search
for current BYU approved condos)
Click here for
2008 BYU condo market report or to view
Historical Sales Data for BYU Condos since 1996.
Comments and sales data on this website do not constitute investment advise. Investment purchasers should always counsel with their attorney and professional tax advisor.
(Source: WFRMLS and condosUtah.com. Information is deemed reliable but not guaranteed.)
_____________________________________________
Barry J. Preusz,
REALTORŪ, Downtown Salt Lake City Condo Specialist,
Equity Real Estate,
1218 East 7800 South, Salt Lake City, Utah 84094
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