An annual index comparing home prices in 120 college-town markets revealed a $1.37 million price difference between homes of similar characteristics in Akron, Ohio, and Palo Alto, Calif.

Akron, home to the University of Akron, ranks as the most affordable college town tracked by Coldwell Banker, with a $121,885 price tag for a typical four-bedroom, 2.5-bath home that averages 2,200 square feet.

An annual index comparing home prices in 120 college-town markets revealed a $1.37 million price difference between homes of similar characteristics in Akron, Ohio, and Palo Alto, Calif.

Akron, home to the University of Akron, ranks as the most affordable college town tracked by Coldwell Banker, with a $121,885 price tag for a typical four-bedroom, 2.5-bath home that averages 2,200 square feet.

That compares to comparably sized homes surrounding Stanford University in Palo Alto, Calif., which cost $1.49 million, according to Coldwell Banker Real Estate LLC’s College Home Price Comparison Index.

The study found that a typical four-bedroom home sells for less than $250,000 in 62 percent of the college markets surveyed. The selected markets are all home to Football Bowl Subdivision colleges.

Among the most affordable college markets for comparable homes: Muncie, Ind. (Ball State University), $144,996; Ann Arbor, Mich. (University of Michigan), $148,000; Ypsilanti, Mich. (Eastern Michigan University), $151,500; and Fort Worth, Texas (Texas Christian University), $153,450, according to the report.

And among the highest-cost college-town markets tracked by Coldwell Banker: Los Angeles, Calif. (University of California, Los Angeles, and University of Southern California) $1.35 million; Boston-Chestnut Hill, Mass. (Boston College) $1.34 million; Berkeley, Calif. (University of California, Berkeley) $1.3 million; and San Jose, Calif. (San Jose State University) $808,926.

Coldwell Banker also released a video with interviewees describing what they like best about their college towns.

***

What’s your opinion? Leave your comments below or send a letter to the editor.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×