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Cost of Real Estate in College Football Towns
The attraction of living in a college town is high, especially those who house a football team, regardless of their skill level. Many families move to the area until their kids are out of school, some older couples move their once their kids grow up and move out of the house, and of course there are the students.
Across the US in more than sixty-two percent of college towns, the average four bedroom house with two and a half baths and twenty-two hundred square feet are going for less than $250,000.
The prices of homes in college-football towns have also stayed relatively even through the housing marketing downturn we have been experiencing.
The Midwest is home to the 10 college-football towns with the lowest home prices. The least expensive place is Akron, Ohio. In Akron the price for a typical home is just over $121,000. The 2ndcheapest college town to buy a home is Muncie, Indiana with prices at just about $144,000. The next cheapest places are: 3rd) Ann Arbor, Michigan, 4th) Ypsilanti, Michigan; 5th) Fort Worth Texas; 6th) Tulsa, Oklahoma; 7th) Denton, Texas; 8th) Houston, Texas; 9th) Bloomington, Indiana; and 10th) Kent, Ohio at just over $165,000.
Unlike the other college-football towns, Chestnut Hill, home to Boston College is one of the most expensive places to live. Known around the United States as being one of the most affluent places to live, Chestnut Hill is not similar to the Midwest College towns described above. There are many homes selling for multi millions of dollars in the Boston College area. With the median price of homes sold in 2009 being $820,000, and with over ten properties being sold for over a million dollars, it is clear that not all college-football towns alike.
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Across the US in more than sixty-two percent of college towns, the average four bedroom house with two and a half baths and twenty-two hundred square feet are going for less than $250,000.
The prices of homes in college-football towns have also stayed relatively even through the housing marketing downturn we have been experiencing.
The Midwest is home to the 10 college-football towns with the lowest home prices. The least expensive place is Akron, Ohio. In Akron the price for a typical home is just over $121,000. The 2ndcheapest college town to buy a home is Muncie, Indiana with prices at just about $144,000. The next cheapest places are: 3rd) Ann Arbor, Michigan, 4th) Ypsilanti, Michigan; 5th) Fort Worth Texas; 6th) Tulsa, Oklahoma; 7th) Denton, Texas; 8th) Houston, Texas; 9th) Bloomington, Indiana; and 10th) Kent, Ohio at just over $165,000.
Unlike the other college-football towns, Chestnut Hill, home to Boston College is one of the most expensive places to live. Known around the United States as being one of the most affluent places to live, Chestnut Hill is not similar to the Midwest College towns described above. There are many homes selling for multi millions of dollars in the Boston College area. With the median price of homes sold in 2009 being $820,000, and with over ten properties being sold for over a million dollars, it is clear that not all college-football towns alike.
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