Renting to medical staff post-corona

[Clifford Meyers]

Hello,

Quick question--my wife and I kept my house from residency--mid-sized city (Rochester NY), near a big training hospital.  We've had great luck with medical students/residents as tenants over the past few years, but this time, things are different.  Typically we receive a lot of inquiries after med students find out where they match and where they're moving to.  This year, zilch.  

We bumped the price very slightly--50 bucks/month--which seemed reasonable given significant increase in tax assessment.  Still, I don't think it's the pricing under normal situations which is causing this, as other friends/landlords have noticed very little interest as well.

I'm not noticing that much movement/pricing drops for other places.  Part of me wonders if this is because it's currently very hard to travel, and people understandably want to avoid renting sight unseen till as late as possible.  On the other hand, even though residents have very stable/unaffected income, a large portion of students/residents probably have backup from parents etc, I'm wondering if issues with spousal earnings/jobs and the general economic uncertainty is playing a role.  Almost all renting is done July 1st--don't want to miss the boat and go off cycle--so the question has some urgency.

So--the dilemma I guess is are we priced appropriately, but just expecting rental inquiries too early given the odd circumstances?  Or are we and others over-pricing even this, relatively stable market?  

Thanks in advance for any and all thoughts!