A recent article by Charlottesville Tomorrow featured a major housing issue for college towns: where to put students. Students are willing to live about anywhere, so long as it’s within walking distance to campus (or well-serviced by transit). This means they are also willing to pay a wide variety of rents for housing.
This can be a challenge for neighborhoods. As owners recognize the guaranteed student housing market, many change or convert their properties to meet this demand. This can be good for students and landlords alike. But it also puts pressure on neighborhoods who want to remain homeowners. Continue reading