A recent survey of Realtors in university towns around America, done by one real estate brokerage, found that football matters to the local real estate market! A full one in four real estate practitioners said that the success of their local college’s sports teams has an impact on the local market. More importantly the survey also identified the 10 most affordable college towns as well as the 10 least affordable.
The 10 most affordable markets; (average list prices)
1. Ball State University, Muncie, Ind., $105,115
2. University of Buffalo (SUNY Buffalo), Buffalo, N.Y., $117,223
3. University of Memphis, Memphis, Tenn., $135,090
4. University of South Carolina, Columbia, S.C., $137,707
5. University of Akron, Akron, Ohio, $139,711
6. Eastern Michigan University, Ypsilanti, Mich., $141,964
7. Ohio University, Athens, Ohio, $141,964
8. Kent State University, Kent, Ohio, $153,662
9. University of Toledo, Toledo, Ohio, $155,286
10. Louisiana Tech University, Ruston, La., $157, 110
Somehow this report left the University of Georgia and Athens, GA out of the picture. For purposes of accuracy I looked into Athens MLS for the NAR Residential Sold Report for the past twelve months through today. What it shows is that the average sale price is $149,650 on homes sold in Athens, GA. The average list price is $200,000. This bumped us right out of the top 10.
http://www.hankbailey.prudentialgeorgia.com
33.955802
-83.382366