We’ve had several posts about investing in student housing and in areas with colleges & universities. Recently, Redfin put together their list of the 20 best college towns in which to buy an investment property. They compiled their list using schools on the U.S. News and World Report National Universities Rankings and their own data (walk score, list prices, etc). The bottom-line; these are the most affordable college towns with schools that also offer low tuition and a high-quality education.
“It’s always great to invest in a location where there is a large pool of tenants, which is exactly what you get when you invest in a property near a school like Georgia Institute of Technology,” said Redfin real estate agent Rory Haigler.
Redfin’s Top 20 College Towns are:
- Atlanta, Georgia – Georgia Institute of Technology
- Chapel Hill, North Carolina – University of North Carolina–Chapel Hill
- Baltimore, Maryland – Johns Hopkins University
- St. Louis, Missouri – Washington University in St. Louis
- Columbus, Ohio – Ohio State University–Columbus
- Houston, Texas – Rice University
- Philadelphia, Pennsylvania – University of Pennsylvania
- Rochester, New York – University of Rochester
- Pittsburgh, Pennsylvania – University of Pittsburgh
- Cleveland, Ohio – Case Western Reserve University
- Austin, Texas – University of Texas–Austin
- Providence, Rhode Island – Brown University
- Madison, Wisconsin – University of Wisconsin–Madison
- Nashville, Tennessee – Vanderbilt University
- College Park, Maryland – University of Maryland–College Park
- Minneapolis, Minnesota – University of Minnesota–Twin Cities
- Provo, Utah – Brigham Young University–Provo
- Winston-Salem, North Carolina – Wake Forest University
- Ann Arbor, Michigan – University of Michigan–Ann Arbor
- Chicago, Illinois – University of Chicago
Click here to read the full story on Redfin.com
