TommieMedia reports why West Summit neighbors are potentially at wit’s end when it comes to living among University of St. Thomas students:
(Consultant Louis) Smith said the non-homestead residence “tipping point” – when neighbors become frustrated with the number of students living in the neighborhood – is generally when non-homesteads make up 30 percent of the neighborhood. The “tipping point” is also when neighbors become concerned about decreasing property values in the neighborhood.
The percentage in that area: 40.5 percent as of 2009 — up from 23.9 percent in 2002.
To bring that number down, the university has begun converting student rentals into owner-occupied houses, and hopes to convert 30 properties in the next five years by facilitating deals between current owners and potential buyers, the news service reports.