Bride & Groom MOM Subscribe

Find Local

Capital Comment Blog > Morning Links

Washington Ranked Fourth in College Town Real-Estate Markets

A real-estate Web site company ranks college cities that are likely good places to invest in rental properties

American University’s Washington College of Law is part of the city’s collection of more than 20 colleges in the Washington area, and Washington is starting to attract attention from would-be rental property investors. Photograph courtesy Flickr user NCinDC

According to Move Inc., a company that owns real-estate Web sites such as and, released a list of ten college cities where real-estate moguls (and aspiring moguls) should consider investing in rental property. Washington ranked fourth on that list, behind Boston, Nashville, and Chicago. Real-estate investors may be interested in these cities because housing demand is high, vacancy rates are low, and rental prices are rising, Market Watch reports. Baltimore was ranked eighth on the list.

The DC area was ranked highly because it is home to more than 20 colleges and rental prices are far outpacing mortgage payments. The average rental rate for a two-bedroom unit was $3,214, Market Watch says. A mortgage for such a unit can be secured for a median-priced unit for around $1,530 a month, meaning that landlords can make a killing on the student market in this city.

And, with the Washington Business Journal reporting as recently as August 10 that housing prices are still on the rise—up 2.7 percent from last year and 15.6 percent from the first quarter of this year—investors who buy for the short period of time their children are in college may be lucky enough to come out on top.

Subscribe to Washingtonian
Follow Washingtonian on Twitter

More>> Capital Comment Blog | News & Politics | Party Photos

Read Next

Restaurant/Bar Specials for 2015 Capital Pride Weekend

blog comments powered by Disqus

Most Popular on Washingtonian

The Summer Drinking Semifinals: Denizens Brewing Co. vs. Jack Rose

10 Offbeat Date Ideas in Washington

6 Great Swimming Holes Near Washington, DC

15 Great Places to Eat at Rehoboth Beach

These 12 Products Will Make Your Hot, Crowded Metro Commute So Much Better

8 Summer Restaurant Specials to Try Now

The Summer Drinking Quarterfinals: Republic vs. Jack Rose Dining Saloon

Meet the Guy Who's Protesting a Maryland Theater's Production of The Producers

5 Gorgeous, Must-Follow, Local Instagram Feeds