Sell or hold my college town rental? Need advice.

After a year of paying rent for a crappy apartment, I bought a townhouse in my college town for $110k. That was almost 15 years ago. Prices peaked in 2006 at 180k, now creeping back and currently selling for 150-155k. I owe about $80k. HOA fees negligible, <$50/mo. Utilities $150.

Market rent is $1k through a property management company, max of 2 occupants per HOA and zoning. College is state-run, highly ranked, and enrollment is growing. Place is on a campus bus line. Population in the city expected to increase, but I do not see much employment growth outside of higher ed and healthcare.

So, what do you say? Hold and rent or sell and run?

I already bought a new place for a new job about an hour away. Have some family in the old area that can look in on the place if needed.

More real estate tips at Program Realty Wix site

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