- \n
- Morgantown, WV, Syracuse, NY and Tuscaloosa, AL, lead U.S. college towns in home-price growth, all posting double-digit year-over-year climbs.<\/i><\/li>\n
- The most expensive college towns\u2014Santa Barbara, CA, Boca Raton, FL and Flagstaff, AZ\u2014are seeing home prices fall.<\/i><\/li>\n
- The least expensive college towns\u2014Dayton, OH, Syracuse, NY and Mount Pleasant, MI\u2014 all have a median home sale price of under $185,000, less than the national median of $398,771.<\/i><\/li>\n<\/ul>\n
\n\u00a0<\/p>\n
SEATTLE–(BUSINESS WIRE<\/a>)–
\nHome prices are rising by double digits in a handful of affordable, inland cities anchored by universities, according to a new report<\/a> from Redfin<\/a>, the real estate brokerage powered by Rocket. Led by Morgantown, WV, Syracuse, NY and Tuscaloosa, AL, home prices in these college towns are rising more than five times faster than the 2% growth home prices saw nationwide in May<\/a>.<\/p>\n\nThis is from a Redfin analysis of MLS data from the three months ending in May 2026 for college towns in the U.S. To be considered a college town, a city\u2019s population must be at least 10% students at a four-year, accredited university, and it must be at least 30 miles away from a metro area with a population of more than 1 million people.<\/p>\n
\n\u201cMany of the college towns with home prices rising the fastest are also among the most affordable places to buy a home right now. That combination is attracting buyers who have been priced out of larger metros, while universities continue to provide a reliable foundation of demand,\u201d Yingqi Xu<\/a>, Redfin Senior Economist, said. \u201cMeanwhile, many of the most expensive college towns are experiencing price declines as high mortgage rates and elevated home prices make buyers there more cautious.\u201d<\/p>\n
\nConversely, the most expensive college towns are seeing significant declines in home prices. In Santa Barbara, CA, the median home sale price fell 9.4% to $1.9 million. In Boca Raton, FL, prices are down 5.7% to a median $820,000, and they fell 3% to a median $710,000 in Flagstaff, AZ.<\/p>\n
\n
\n \n The 10 Most Expensive College Towns, By Median Home-Sale Price (2026)<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Rank<\/b><\/p>\n<\/td>\n
\n Town<\/b><\/p>\n<\/td>\n
\n Notable college<\/b><\/p>\n<\/td>\n
\n Median home sale price<\/b><\/p>\n<\/td>\n
\n Median home sale price, YoY growth<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n1.<\/p>\n<\/td>\n
\n \nSanta Barbara, CA<\/p>\n<\/td>\n
\n \nUniversity of California, Santa Barbara<\/p>\n<\/td>\n
\n \n$1,902,500<\/p>\n<\/td>\n
\n \n-9.4%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n2.<\/p>\n<\/td>\n
\n \nBoca Raton, FL<\/p>\n<\/td>\n
\n \nFlorida Atlantic University<\/p>\n<\/td>\n
\n \n$820,000<\/p>\n<\/td>\n
\n \n-5.7%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n3.<\/p>\n<\/td>\n
\n \nFlagstaff, AZ<\/p>\n<\/td>\n
\n \nNorthern Arizona University<\/p>\n<\/td>\n
\n \n$710,000<\/p>\n<\/td>\n
\n \n-3.2%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n4.<\/p>\n<\/td>\n
\n \nCorvallis, OR<\/p>\n<\/td>\n
\n \nOregon State University<\/p>\n<\/td>\n
\n \n$595,000<\/p>\n<\/td>\n
\n \n0.8%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n5.<\/p>\n<\/td>\n
\n \nOrem, UT<\/p>\n<\/td>\n
\n \nUtah Valley University<\/p>\n<\/td>\n
\n \n$530,000<\/p>\n<\/td>\n
\n \n1.3%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n6.<\/p>\n<\/td>\n
\n \nEugene, OR<\/p>\n<\/td>\n
\n \nUniversity of Oregon<\/p>\n<\/td>\n
\n \n$499,900<\/p>\n<\/td>\n
\n \n1%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n7.<\/p>\n<\/td>\n
\n \nAnn Arbor, MI<\/p>\n<\/td>\n
\n \nUniversity of Michigan<\/p>\n<\/td>\n
\n \n$487,000<\/p>\n<\/td>\n
\n \n5.9%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n8.<\/p>\n<\/td>\n
\n \nProvo, UT<\/p>\n<\/td>\n
\n \nBrigham Young University<\/p>\n<\/td>\n
\n \n$484,000<\/p>\n<\/td>\n
\n \n-1.1%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n9.<\/p>\n<\/td>\n
\n \nState College, PA<\/p>\n<\/td>\n
\n \nPennsylvania State University<\/p>\n<\/td>\n
\n \n$459,050<\/p>\n<\/td>\n
\n \n10.6%<\/p>\n<\/td>\n<\/tr>\n
\n \n \n10.<\/p>\n<\/td>\n
\n \nBlacksburg, VA<\/p>\n<\/td>\n
\n \nVirginia Tech University<\/p>\n<\/td>\n
\n \n$445,000<\/p>\n<\/td>\n
\n \n-3.3%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
For The Least Costly College Town Housing, Look to the Midwest and South<\/b><\/p>\n
\nThere are three major college towns where the median home sale price is under $200,000. Dayton, OH, home to Wright State University and the University of Dayton, is the least expensive college town in the country, with a median home sale price of just $139,000.<\/p>\n
\nNext comes Syracuse, NY, home to Syracuse University and over 20,000 students, with a median sale price of $180,000. Ranking third is Mount Pleasant, MI, home to Central Michigan University, where the median sale price is $184,000.<\/p>\n
\nMany of the nation’s least expensive college towns are located in the Midwest and South, where homebuilding costs are generally lower and land is more abundant than in high-cost coastal markets. Lower home prices may make these college towns especially attractive to first-time buyers, university employees, and investors seeking lower-cost rental markets.<\/p>\n
- The most expensive college towns\u2014Santa Barbara, CA, Boca Raton, FL and Flagstaff, AZ\u2014are seeing home prices fall.<\/i><\/li>\n
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