Top College Towns for Home Buyers

College towns have long had the reputation of being achievers when it comes to real estate investments. They can also offer a great home for young adults, families, and retirees.

Realtor.com(R)’s research team evaluated nearly 200 cities with at least 10,000 residents–where undergraduates comprise at least 20% of the population. They factored in housing near campus as well as the number of businesses around them.

College towns generally have “steady economies that have less ups and downs,” Mark Zandi, chief economist at Moody’s Analytics, told realtor.com(R). College towns can “make very attractive places to live for people who want a more affordable, low-key lifestyle. In many cases, there are reasonably good school districts and lots of different housing choices.”

The following are the top college towns to buy a home for young adults, according to realtor.com(R)’s analysis:

Champaign, Ill.

Median home price: $180,900
Largest university: University of Illinois at Urbana-Champaign
Student share of population: 38%

Burlington, Vt.

Median home price: $414,950
Largest university: University of Vermont
Student share of population: 34%

Boulder, Colo.

Median home price: $1 million
Largest university: University of Colorado Boulder
Student share of population: 28%

The following are the best college towns for families, according to realtor.com(R):

Salisbury, Md.

Median home price: $230,000

Largest university: Salisbury University
Student share of population: 23%

Madison, N.J.

Median home price: $837,050
Largest university: Fairleigh Dickinson University
Student share of population: 26%

Chestnut Hill, Mass.

Median home price: $1.6 million
Largest university: Boston College
Student share of population: 24%

To view the top college towns for retirees, visit realtor.com(R).

[#item_author] Feedzy

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