Coldwell Banker report ranks Seattle as 8th most expensive college market in nation
Twttter
NEWS RELEASE
 
SEATTLE REAL ESTATE VALUES PUT REGION AMONG MOST EXPENSIVE COLLEGE MARKETS IN NATION
 
Coldwell Banker Real Estate releases its College Home Listing Report, ranking affordability of college towns; Seattle ranks as the 8th most expensive college market nationally.
 
PARSIPPANY, N.J. (Nov. 15, 2011) Coldwell Banker Real Estate LLC today released its 2011 College Home Listing Report (College HLR), which ranks college towns across the country in home affordability. 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 that are home to 117 of the 120 schools in the Football Bowl division. With University of Washington one of those schools, Seattle made it onto the list and ranked as the eighth most expensive college market in the nation (see list below).
 
According to the Coldwell Banker report, three-bedroom homes cost less than $200,000 on average in nearly two-thirds of the college towns included (76 markets) and less than $150,000 in nearly one-quarter (26 markets). In the most affordable market, Memphis, Tenn., (home to University of Memphis) the average listing price of a three-bedroom home is $89,244. In the most expensive college market, Westwood in Los Angeles (home to UCLA), the average listing price of a three-bedroom home is $1,271,428. Seattle's average three-bedroom listing price is $570,535.
 
The full College Home Listing Report rankings are shown below and at hlr.coldwellbanker.com. An infographic comparing the top 10 most expensive markets based on number of students, tuition and city population is also available here.
 
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
11
Akron, Ohio 
University of Akron
$133,136
12
Lubbock, Texas 
Texas Tech University
$133,227
13
Syracuse, N.Y. 
Syracuse University
$134,435
14
Orlando, Fla. 
University of Central Florida
$139,912
15
Moscow, Idaho 
University of Idaho
$140,182
16
Stillwater, Okla. 
Oklahoma State University
$141,728
17
Waco, Texas
Baylor University
$143,593
18
Greenville, N.C. 
East Carolina University
$143,731
19
Lincoln, Neb. 
University of Nebraska
$145,629
20
Tulsa, Okla.
University of Tulsa
$146,150
21
Oxford, Miss. 
University of Mississippi
$146,885
22
Monroe, La. 
University of Louisiana, Monroe
$147,372
23
Logan, Utah 
Utah State University
$147,752
24
Jonesboro, Ark. 
Arkansas State University
$147,837
25
Murfreesboro, Tenn. 
Middle Tennessee State University
$148,104
26
Columbia, Mo. 
University of Missouri
$149,795
27
Ruston, La. 
Louisiana Tech University
$150,121
28
Norman, Okla.
University of Oklahoma
$150,313
29
El Paso, Texas 
University of Texas, El Paso
$150,644
30
South Bend, Ind. 
University of Notre Dame
$152,106
31
Bowling Green, Ky. 
Western Kentucky University
$153,537
32
Hattiesburg, Miss.
University of Southern Mississippi
$153,659
33
Huntington, W.Va.
Marshall University
$154,681
34
Fresno, Calif.
Fresno State University
$157,311
35
Lexington, Ky. 
University of Kentucky
$157,569
36
Tampa, Fla. 
University of South Florida
$158,364
37
Tempe, Ariz.
Arizona State University
$159,628
38
Columbus, Ohio 
Ohio State University
$160,160
39
Louisville, Ky.
University of Louisville
$161,173
40
Winston-Salem, N.C.
Wake Forest University
$161,569
41
Athens, Ohio
Ohio University
$163,694
42
Mt. Pleasant, Mich.
Central Michigan University
$164,168
43
Clemson, S.C. 
Clemson University
$164,836
44
Fayetteville, Ark.
University of Arkansas
$165,643
45
Boise, Idaho 
Boise State University
$166,064
46
Columbia, S.C. 
University of South Carolina
$166,697
47
Troy, Ala.
Troy University
$168,292
48
College Station, Texas
Texas A&M University
$168,860
49
Nashville, Tenn.
Vanderbilt University
$169,946
50
Ames, Iowa
Iowa State University
$173,429
51
Reno, Nev.
University of Nevada
$175,005
52
Athens, Ga.
University of Georgia
$175,446
53
New Orleans, La. 
Tulane University
$176,412
54
Dallas, Texas
Southern Methodist University
$176,937
55
Champaign, Ill.
University of Illinois
$178,310
56
Denton, Texas 
University of North Texas
$178,518
57
Lawrence, Kan.
University of Kansas
$181,410
58
Houston, Texas
Rice University
$181,758
University of Houston
$181,758
59
Durham, N.C. 
Duke University
$182,392
60
Starkville, Miss. 
Mississippi State University
$183,402
61
Tallahassee, Fla. 
Florida State University
$183,602
62
Lafayette, La. 
University of Louisiana, Lafayette
$183,793
63
Birmingham, Ala. 
University of Alabama, Birmingham
$183,858
64
DeKalb, Ill. 
Northern Illinois University
$186,087
65
Manhattan, Kan. 
Kansas State University
$186,518
66
Oxford, Ohio 
Miami University
$188,697
67
Knoxville, Tenn.
University of Tennessee
$189,724
68
East Lansing, Mich. 
Michigan State University
$190,484
69
Gainesville, Fla.
University of Florida
$192,055
70
Iowa City, Iowa
University of Iowa
$192,348
71
Cincinnati, Ohio
University of Cincinnati
$192,688
72
Colorado Springs, Colo.
United States Air Force Academy
$193,968
73
Baton Rouge, La.
Louisiana State University
$194,518
74
Raleigh, N.C. 
North Carolina State University
$197,411
75
Laramie, Wyo.
University of Wyoming
$198,168
76
Tucson, Ariz. 
University of Arizona
$199,460
77
Pittsburgh, Pa.
University of Pittsburgh
$201,085
78
Las Cruces, N.M.
New Mexico State University
$201,251
79
Pullman, Wash.
Washington State University
$201,493
80
State College, Pa.
Penn State University
$202,207
81
Auburn, Ala.
Auburn University
$202,565
82
Morgantown, W.Va.
West Virginia University
$202,832
83
New Brunswick, N.J.
Rutgers University
$207,275
84
Madison, Wis.
University of Wisconsin
$221,100
85
Albuquerque, N.M.
University of New Mexico
$229,333
86
Eugene, Ore.
University of Oregon
$244,964
87
Miami, Fla.
Florida International University
$246,431
88
Austin, Texas
University of Texas
$248,918
89
Ann Arbor, Mich.
University of Michigan
$251,119
90
Charlottesville, Va.
University of Virginia
$255,752
91
College Park, Md.
University of Maryland
$257,107
92
Blacksburg, Va.
Virginia Tech University
$258,332
93
Atlanta, Ga.
Georgia Tech University
$261,321
94
Storrs, Conn.
University of Connecticut
$264,038
95
Fort Collins, Colo.
Colorado State University
$266,708
96
Minneapolis, Minn.
University of Minnesota
$268,242
97
Philadelphia, Pa.
Temple University
$274,175
98
West Point, N.Y.
United States Military Academy
$291,753
99
Corvallis, Ore.
Oregon State University
$291,819
100
Provo, Utah
Brigham Young University
$296,453
101
Salt Lake City, Utah
University of Utah
$313,810
102
Boca Raton, Fla.
Florida Atlantic University
$322,662
103
Chapel Hill, N.C.
University of North Carolina
$327,888
104
Evanston, Ill.
Northwestern University
$385,540
105
San Diego, Calif.
San Diego State University
$469,942
106
Coral Gables, Fla.
University of Miami
$521,767
107
Annapolis, Md.
United States Naval Academy
$522,420
108
San Jose, Calif.
San Jose State University
$541,231
109
Seattle, Wash.
University of Washington
$570,535
110
Chestnut Hill, Mass.
Boston College
$669,617
111
Berkeley, Calif.
University of California, Berkeley
$695,520
112
Boulder, Colo.
University of Colorado
$731,617
113
Los Angeles, Calif.
University of Southern California
$733,473
114
Honolulu, Hawaii
University of Hawaii
$779,419
115
Palo Alto, Calif.
Stanford University
$1,232,070
116
Westwood, Los Angeles, Calif.
University of California, Los Angeles
$1,271,428
 
 
Methodology: College Home Listing Report
The Coldwell Banker College Home Listing Report includes residential real estate listings appearing on ColdwellBanker.com between August 2010 and August 2011 for real estate markets home to 117* of the 120 Football Bowl Subdivision schools, which each had at least 10 home listings during the timeframe. This market data includes property listings from Coldwell Banker affiliates as well as listings from other Realogy franchise brands that fit the same three-bedroom, two-bathroom criteria. 
 
*Note: Tuscaloosa, AL, was not included out of respect for the damage caused by the April 27 tornado. Bowling Green, Ohio, and Bloomington, Ind., did not meet minimum listing requirements to be included in the report.
 

About Coldwell Banker Bain
Since 1906, the Coldwell Banker® organization has been the premier provider of full–service real estate. The Coldwell Banker system has more than 3,300 residential and commercial real estate offices with over 95,000 sales associates globally. The company is an industry leader in residential real estate, new homes, and luxury properties. For the past 39 years, this legacy of success has been carried on in the Pacific Northwest by Coldwell Banker Bain. Operating as Coldwell Banker Bain in Western Washington and as Coldwell Banker Seal in the Portland/Vancouver metropolitan area, the company is perennially one of the top two Coldwell Banker affiliates in the world and is number one in the West. Coldwell Banker Bain consistently ranks among the Top 20 Real Estate Companies in the nation as cited by Real Trends andRIS Media’s Real Estate.

 
 

 

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