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| Coldwell Banker finds college towns are enjoyable places to live According to the second annual Coldwell Banker College Home Price Comparison Index (HPCI), many of America's major colleges and universities are quite affordable. The study found that more than one-third of the markets that are home to the 119 Division I-A schools feature 2,200 square foot homes priced at or below the national median existing-home price of $225,0001. The Coldwell Banker College HPCI found that Tulsa, Okla., home to the University of Tulsa Golden Hurricanes, ranks as the most affordable college town in the study, with an average home price of $148,575. Palo Alto, Calif., home to the Stanford University Cardinal, emerged for the second year in a row as the most expensive college town in the index at $1,652, 042. The Mid-American conference ranked as the most affordable league with homes priced at $221,541, while the PAC-10 was the most expensive conference at $812,632. Columbus, Ohio, home to Bowl Series Championship leader Ohio State University, was number 62 on the affordability ranking at $251,364, approximately $108,000 less than the national average of $359,779 for the 119 studied college markets. The Coldwell Banker College Market HPCI evaluated average home values for a single-family dwelling in a middle-management community measuring approximately 2,200 square feet with four bedrooms, two and one-half baths, a family room (or equivalent) and two-car garage2. The study examined all 119 markets that are home to Division I-A schools. write your comments about the article :: © 2006 Construction News :: home page |