Cimarron Woods | Photo by Harminder Singh Langri | The Wright State Guardian
As the housing market adapts to a new normal brought on by the coronavirus, many Wright State University (WSU) students are continuing to opt to live in nearby off-campus apartments rather than on-campus housing.
Housing market shifts
The U.S. economy has been struggling to recover from the damage of the coronavirus pandemic since going into lockdown in March 2020.
“It has been roughly one year when it put the housing market on hold for several months last spring. Even with rising mortgage rates and higher prices, economists say the housing market should remain strong due to very tight inventories and increasing demand as more millennials are projected to buy houses this year,” Norada Real Estate Investments writer Marco Santarelli said in a recent article regarding predictions for the 2021 housing market.
The housing market is viewed as one of the first areas of the U.S. economy to have recovered and stabilized as Raider Country and the rest of the nation begin to reopen and transition towards a new normal.
“At the top of Zillow’s list as of October 2020, three of America’s hottest real estate markets are in Ohio: Columbus, Cincinnati, and Dayton,” Forbes contributing writer Peter Lane Taylor said in his recent assessment of the pandemic’s impact on the housing market.
Local housing options
As the housing market in Dayton grows, local apartment complexes near WSU continue to fill with college students. One of the most common off-campus options for students is Cimarron Woods, located off of Zink Rd.
“It’s just as close to campus as my dorm was, but it’s cheaper in the long run,” WSU student Zoe Paxhia-Poppaw said. “Plus, I wanted more of the freedom to have people over when I wanted to.”
Paxhia-Poppaw has resided in a two-bedroom townhouse in Cimarron Woods since shortly before the fall semester began. She also said that her current rent is $525 per month but she knows prices are increasing next year in her complex.
Other nearby apartment complexes that WSU students frequent are The Arlington Village Townhomes & Flats, The Province Apartments and Peppertree Villas.
The Province Apartments and Peppertree Villas were contacted for a statement in this article but were unable to comment at this time.
