Muncie named as most affordable US college town
Muncie has topped a list naming the country’s most affordable college town. The website realtor.com annually ranks the most and least expensive college towns in the US by a metric realtors know well – median home prices.
Muncie’s median home price is listed as just under $78,000. The housing prices in the city that houses Ball State University and a campus of Ivy Tech Community College were about $4,000 less than the second city on the list – Charleston, Illinois. And it’s much lower than the survey’s most expensive college town. Berkley, California, like Muncie, boasts two colleges, but with a median home price of about $850,000.
Here are the full “least expensive” and “most expensive” lists: (provided by realtor.com)
2015 – Least Expensive College Town Rankings
- Muncie, IN $ 77,900 Ball State University, Ivy Tech Community College
- Charleston, IL $ 81,500 Eastern Illinois University
- Macomb, IL $100,900 Western Illinois University
- Kirksville, MO $109,900 Truman State University
- Big Rapids, MI $114,000 Ferris State University
- Kalamazoo, MI $117,900 Western Michigan University
- Cortland, NY $120,950 State University of New York at Cortland
- Carbondale, IL $128,500 Southern Illinois University
- Carrollton, GA $133,200 University of West Georgia
- Urbana-Champaign, IL $140,000 University of Illinois
2015 – Most Expensive College Town Rankings
- Berkeley, CA $849,000 University of California – Berkeley, Berkeley City College
- Santa Cruz, CA $814,000 University of California – Santa Cruz
- Boulder, CO $789,000 University of Colorado – Boulder
- San Luis Obispo, CA $690,000 California Polytechnic State University
- Cambridge, MA $685,000 Harvard University, Massachusetts Institute of Technology
- Claremont, CA $675,000 Claremont University Consortium
- Princeton, NJ $650,000 Princeton University
- Davis, CA $579,000 University of California – Davis
- Chapel Hill, CA $450,000 University of North Carolina – Chapel Hill, Duke University
- Flagstaff, AZ $431,750 Northern Arizona University