The Impact of Tertiary Institution on Property Rental Value

A Case Study of Fatara Community, Azare, Bauchi State

Abstract

This study seeks to examines the impact of tertiary institutions on property rental values in Fatara community Azare, Bauchi, Bauchi State. The presence of tertiary institutions often influences the socio-economic structure of surrounding communities by increasing housing demand, changing land use patterns, and affecting rental prices. Primary data were collected through structured closed-ended questionnaires administered to landlords, tenants, and estate agents within the study area, while secondary data were obtained from relevant publications and property records. The data were analyzed using descriptive statistical tools such as frequency tables and mean scores. The findings revealed that the existence of tertiary institutions in Fatara community has significantly increased the demand for rental accommodation, leading to higher property values and rapid urban development. The study also found that proximity to the institution, accessibility, and the availability of basic amenities as key factors influencing rental variations in the area. The study concludes that tertiary institutions contribute positively to property market growth in Fatara community by stimulating demand and enhancing infrastructural development. It recommends that property developers and investors take advantage of the increasing demand for rental housing near tertiary institutions, while urban planners and government agencies should ensure proper planning and infrastructure provision to sustain balanced development.