Some Student Housing Eventually Becomes Affordable (Non Student) Housing


Some Student Housing Eventually Becomes Affordable (Non Student) Housing
By Scott Rogers • March 21, 2019
view larger image view larger image view larger image Sometimes it seems CRAZY how much NEW, NICE, EXPENSIVE student housing is being built in Harrisonburg - and now even in Rockingham County. So what happens to all of that older student housing stock when the newer student housing becomes available to students? Quoting fellow Realtor, Ritchie Vaughn (thanks Ritchie!) from a Facebook dialogue a few days ago... "Many of the most affordable spots for working families in Harrisonburg today are complexes that were initially build for students, like Madison Manor, Camden Townes, Hunters Ridge, South Ave condos, etc, so we have some robust historical support that the student complexes of today will likely turn into affordable housing in the future." The neighborhoods that Ritchie references are the ones I have pictured above, and indeed, while they were originally built as student housing complexes, I don't think any of them are "mostly students" any longer. 1. Does anyone know/believe any of these complexes to really still be mostly students? (It's not my understanding, but I welcome other perspectives.) 2. What other complexes in Harrisonburg were built to be student housing and now are not? Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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