The best 15 college towns to invest in

The college towns that present the best investment opportunities

Miami /
Sep.September 24, 2017 04:30 PM

From TRD New York: Ask anyone who has been to college recently, or is paying for someone else to go, getting higher education comes at an ever-higher cost these days and there’s not too much you can do to lessen the burden. However, a new analysis by Redfin brokerage has found one way to make a college career into real estate investment opportunity.

Surveying monthly dorm rents at almost 200 U.S. public college campuses in comparison with the local city’s median monthly mortgage rates for condos, the brokerage triangulated 47 places where it’s a better use of money to buy a condo.

Take a look at the top 15 colleges where prices and housing demand among students ensure that opting for a condo over a dorm is the best investment.

1
University of Arizona
Tucson, AZ

Monthly mortgage: $545
Monthly dorm rent: $811
Monthly difference: $266

 

2
Georgia State University
Atlanta, GA

Monthly mortgage: $1,116
Monthly dorm rent: $1,139
Monthly difference: $23

 

3
University of South Carolina-Columbia
Columbia, SC

Monthly mortgage: $511
Monthly dorm rent: $671
Monthly difference: $160

 

4
Kent State University at Kent
Kent, OH

Monthly mortgage: $664
Monthly dorm rent: $751
Monthly difference: $87

 

5
Louisiana State University and Agricultural & Mechanical College
Baton Rouge, LA

Monthly mortgage: $731
Monthly dorm rent: $837
Monthly difference: $105

 

6
University at Buffalo
Buffalo, NY

Monthly mortgage: $650
Monthly dorm rent: $866
Monthly difference: $217

 

7
University of Kentucky
Lexington, KY

Monthly mortgage: $730
Monthly dorm rent: $876
Monthly difference: $146

 

8
University of Oklahoma-Norman Campus
Norman, OK

Monthly mortgage: $470
Monthly dorm rent: $752
Monthly difference: $282

 

9
The University of Texas at El Paso
El Paso, TX

Monthly mortgage: $441
Monthly dorm rent: $546
Monthly difference: $105

 

10
The University of Texas at Dallas
Richardson, TX

Monthly mortgage: $693
Monthly dorm rent: $769
Monthly difference: $76

 

11
University of Akron
Akron, OH

Monthly mortgage: $733
Monthly dorm rent: $780
Monthly difference: $47

 

12
University of Delaware
Newark, DE

Monthly mortgage: $605
Monthly dorm rent: $813
Monthly difference: $208

 

13
University of North Carolina at Greensboro
Greensboro, NC

Monthly mortgage: $487
Monthly dorm rent: $715
Monthly difference: $228

 

14
Sam Houston State University
Huntsville, TX

Monthly mortgage: $427
Monthly dorm rent: $570
Monthly difference: $143

 

15
Miami University-Oxford
Oxford, OH

Monthly mortgage: $489
Monthly dorm rent: $831
Monthly difference: $342

[Redfin] — E.K. Hudson


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