Buffalo No. 6 Most Affordable College Town in the Country, Report Says

November 15, 2011 Updated Nov 15, 2011 at 12:38 PM EDT

By WKBW News

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Buffalo No. 6 Most Affordable College Town in the Country, Report Says

November 15, 2011 Updated Nov 15, 2011 at 12:38 PM EDT

Buffalo ranks as the No. 6 most affordable college town in the country according to the 2011 College Home Listing Report released by Coldwell Banker on Tuesday.

According to a Coldwell Banker news release, the report provides the average home listing prices for three-bedroom, two-bathroom properties that were listed for sale on coldwellbanker.com between August 2010 and August 2011 in markets home to schools in the Football Bowl Subdivision.

“I love the College Home Listing Report, because it highlights the amazing affordability of the college towns that define the fabric of America,” Jim Gillespie, chief executive officer, Coldwell Banker Real Estate LLC said in the news release. “Our report underscores the homeownership opportunities in many of these vibrant, affordable communities that are known for their high energy, educational systems and often stable job markets.”

Most Affordable Markets – Coldwell Banker 2011 College Home Listing Report

Rank     Market, State     College     Average Listing Price

1: Memphis, Tenn.     University of Memphis     $89,244

2: Muncie, Ind.     Ball State University     $107,346

3: Ypsilanti, Mich.     Eastern Michigan University     $107,458

4: Toledo, Ohio     University of Toledo     $112,688

5: Kalamazoo, Mich.     Western Michigan University     $116,455

6: Buffalo, N.Y.     University of Buffalo     $123,212

7: Las Vegas, Nev.     University of Nevada, Las Vegas     $124,955

8: Fort Worth, Texas     Texas Christian University     $128,491

9: Kent, Ohio     Kent State University     $130,218

10: Lafayette, Ind.     Purdue University     $132,910

 

Read the Coldwell Banker news release HERE.