Over the past two decades, a noticeable trend has emerged that has brought many to choose to live on the campus of a college or university, like the VIDA community adjacent to Texas A&M University – San Antonio and Palo Alto College. Beyond college students and investors choosing to buy homes near these educational institutions, alumni are choosing to stay closer to campus to stay connected and supportive of their alma maters. There is also a noteworthy trend of 55+ adults moving adjacent to universities for the quiet park-like settings, walkable restaurants and vibrant creative culture. No matter the reason for this particular real estate boom, it’s important for homebuyers looking to settle in one of these fabulous cities, like San Antonio, to understand three trends unique to college towns.
Trend 1: Innovation Comes Standard on Campus
No matter the size of the college or university, colleges and universities are places of innovation and creative thinkers, who choose to be around a similar energy. New home communities are increasingly emerging near colleges and universities to provide modernized, varied housing options for those seeking to enjoy these walkable, innovative spaces. Housing communities near colleges can expect a better quality of broadband internet connectivity, improved multi-modal transportation options and innovative restaurants and retail. Universities often include top quality healthcare as well. Case in point, the VIDA community will have 10g microfiber infrastructure, and home residents will have 1 gig speed internet standard for the lowest price available in the city of San Antonio.
Trend 2: Remote Jobs Allow More Options to Live and Work in College Towns than Ever Before
College towns now feature a larger number of students and recent graduates working remotely than ever before. While the COVID-19 pandemic certainly influenced this trend, many jobs have been leaning remote for some time. At any rate, the idea of working remotely is no longer strange—it’s possible to do your job from anywhere in the world if you have the right technology and a good internet connection.
Those who are graduating from college are experiencing more opportunities than ever to find work in their field while living in their beloved college town. As a result, more young families are choosing to settle near colleges and universities.
Trend 3: Aging Alumni Want to Stay
As college towns continue to grow more desirable for all demographics, many of these cities have experienced an increasing number of aging alumni who want to spend their later years in the same town where they went to school. Alumni with mature careers and those nearing retirement age now have the disposable income necessary to make a move, often across several states. Many are choosing to come back to relive old memories, take in college athletics, and enjoy the community they so loved as students.
San Antonio is one of Texas’ premier college towns. If you are a current student or alumni of one of the many colleges and universities in the area, consider the VIDA community near Texas A&M. For more information about this exciting planned community, contact VIDA at Texas A&M today.
Sources:
https://www.propmodo.com/its-game-time-in-lucrative-college-towns/