Friday
Nov062009
Real Estate Values in College Towns
The top 10 most affordable college markets for home prices in 2009 are:
2009 Average
Rank School Town, State Home Price
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1 University of Akron Akron, Ohio $ 121,885
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2 Ball State University Muncie, Ind. $ 144,996
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3 University of Michigan Ann Arbor, Mich. $ 148,000
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4 Eastern Michigan University Ypsilanti, Mich. $ 151,500
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5 Texas Christian University Fort Worth, Texas $ 153,450
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6 University of Tulsa Tulsa, Okla. $ 154,800
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7 University of North Texas Denton, Texas $ 154,900
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Rice University &
8 University of Houston Houston, Texas $ 159,847
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9 Indiana University Bloomington, Ind. $ 164,433
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10 Kent State University Kent, Ohio $ 165,700
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The top 10 most expensive college markets for home prices in 2009 are:
2009 Average
Rank School Town, State Home Price
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1 Stanford University Palo Alto, Calif. $ 1,489,726
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University of California LA &
University of Southern
2 California Los Angeles, Calif. $ 1,347,125
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Boston/Chestnut
3 Boston College Hill, Mass. $ 1,337,578
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University of California
4 Berkeley Berkeley, Calif. $ 1,299,750
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5 San Jose State University San Jose, Calif. $ 808,926
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6 University of Hawaii Honolulu, Hawaii $ 712,500
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7 United States Naval Academy Annapolis, Md. $ 687,475
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8 Northwestern University Evanston, Ill. $ 663,250
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9 University of Colorado Boulder, Colo. $ 622,000
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10 University of Washington Seattle, Wash. $ 568,317
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The below chart ranks BCS top 25 college football teams in affordability
(as of Sunday, November 1, 2009):
BCS 2009 College
Standing Average HPCI
School Town, State Home Price Ranking
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1 University of Florida Gainesville, Fla. $ 282,934 87
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2 University of Texas Austin, Texas $ 226,642 59
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3 University of Alabama Tuscaloosa, Ala. $ 206,267 41
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4 University of Iowa Iowa City, Iowa $ 217,500 51
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5 University of Cincinnati Cincinnati, Ohio $ 189,750 30
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Texas Christian
6 University Fort Worth, Texas $ 153,450 5
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7 Boise State University Boise, Idaho $ 215,432 49
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8 University of Oregon Eugene, Ore. $ 314,038 98
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Louisiana State
9 University Baton Rouge, La. $ 247,265 73
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10 Georgia Tech University Atlanta, Ga. $ 287,250 89
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11 Penn State University State College, Pa. $ 309,850 97
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University of Southern
12 California Los Angeles, Calif. $1,347,125 116
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13 University of Pittsburgh Pittsburgh, Pa. $ 241,125 69
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14 University of Utah Salt Lake City, Utah $ 291,000 92
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15 University of Houston Houston, Texas $ 159,847 8
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16 Ohio State University Columbus, Ohio $ 307,250 96
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17 University of Miami Miami, Fla. $ 510,000 107
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18 University of Arizona Tucson, Ariz. $ 227,470 60
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19 Oklahoma State University Stillwater, Okla. $ 173,667 15
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University of California
20 Berkeley Berkeley, Calif. $1,299,750 114
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21 University of Wisconsin Madison, Wis. $ 298,000 94
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22 University of Notre Dame South Bend, Ind. $ 183,938 23
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Blacksburg/Roanoke,
23 Virginia Tech University Va. $ 290,725 91
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24 University of Oklahoma Norman, Okla. $ 204,475 39
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University of South
25 Florida Tampa, Fla. $ 244,652 72
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The below chart ranks the Football Bowl Subdivision conferences in
affordability:
College HPCI
Ranking Conference 2009 Average Home Price
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1 Mid American $ 182,322
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2 Conference USA $ 210,882
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3 SEC $ 222,479
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4 Big East $ 237,366
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5 Sun Belt $ 242,213
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6 Big 12 $ 244,431
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7 Mountain West $ 251,876
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8 Big 10 $ 279,787
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9 WAC $ 356,528
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10 ACC $ 378,062
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11 Independent $ 411,444
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12 Pac 10 $ 747,180
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Methodology - 2009 Coldwell Banker® College Market Home Price Comparison Index:
Administaror