Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Housing News

The top 10 most and least affordable college towns in America – report

College town living

Coldwell Banker Real Estate has released their 2011 College Home Listing Report that ranks markets according to affordability of the average home’s listing price of three bedroom, two bathroom properties. The report covers data between August 2010 and August 2010 “in markets home to schools in the Football Bowl Subdivision.”

In nearly two thirds of the 76 college towns studied, the average three bedroom, two bathroom house costs under $200,000 and in one in four markets, the average was under $150,000. The most affordable area is Memphis, Tennessee where the University of Memphis is housed with an average listing price of $89,244 for a three bedroom, two bathroom house.

Coldwell Banker Real Estate CEO, Jim Gillespie can speak first-hand about the benefits of buying a home in a college town, having purchased a townhouse in Champaign, Ill., home to his alma mater, the University of Illinois. “I am a huge fan of the culture and events, and found this to be a wonderful investment and an excellent spot for my family when we come to see the Fighting Illini in action,” Gillespie said. “In Champaign, a three-bedroom home currently lists at an average of $178,310, which is remarkable considering its unbeatable Midwestern charm and location.”

Top 10 most affordable college towns:

Many people buy investment properties in college towns to rent out while others enjoy the atmosphere of an enthusiastic population, the noise of a football game or the performances in the arts centers. College towns aren’t always as expensive as people might think – below are the top ten most affordable college towns according to Coldwell Banker:

Top 10 least affordable college towns:

Click to enlarge.

Advertisement. Scroll to continue reading.

Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.


Leave a Reply

Your email address will not be published. Required fields are marked *


American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.



Real Estate Technology

(TECH NEWS) It turns out that Internet of Things, like smart bulbs in homes, are not secure and give up your info - here...

Real Estate Marketing

(MARKETING) Your fancy, self-animating website might be making people violently ill, even if it is insanely beautiful. Sorry...

Real Estate Marketing

(MARKETING) Conduit is a CRM that does more than CRM, it analyzes your networking data to help you see how to improve your relationships.

Real Estate Corporate

(REAL ESTATE) Zillow has long been a data powerhouse, but a lawsuit about a $150M listing offers a look into listings claims.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.