College bound students may not be so concerned about how much their housing is going to cost, but obviously their parents are. And with one in college, and one going next year, trust me, I know! Many parents of college students are weighing the costs of on-campus dorm fees or rent versus investing in a property for their son or daughter to live in. Parents of students at Wake Forest, Winston-Salem State, Salem College, or even Forsyth Tech should consider
A recent survey has shown an increase in parent investors in college towns. The Top Five Most Affordable Markets in College Towns are below followed by each market’s average list price for 4 bedroom, 2 bath homes.
- Ball State University, Muncie, Indiana: $105,115
- University of Buffalo, Buffalo, New York: $117,223
- University of Memphis, Memphis, Tennessee: $135,090
- University of South Carolina, Columbia, South Carolina: $137,707
- University of Akron, Akron, Ohio: $139,711
Winston Salem’s own Wake Forest University rolled in at #31 with the average home listing price of $185,020. And with Winston-Salem being the city with the lowest cost of living, it makes a lot of since to go to school here. After all, you’re paying almost $50k per year for your child to go to school here, so you better look to save somewhere!
Do you know parents who have decided to invest rather than rent or pay dorm fees? Don’t hesitate to provide your feedback below.
Most Affordable and Most Expensive Housing Markets in College Towns
Tony Green, Realtor
Tony Green is REALTOR® who works in Winston Salem, Clemmons, and Lewisville NC and the owner/broker of EXIT Realty Elite. He attended Appalachian State University (go App!) and graduated with a BSBA in finance and real estate. He likes walks on the beach, cute little puppies, and smash mouth wrestling...and maybe a little humor from time to time. :D Tony looks forward to serving you and helping you with your real estate needs.
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